Do You Know the 4 Rs for Business Success in the Coming Year?
It’s that time of year. Most of the data is in for you to evaluate 2016 and determine at what level you succeeded. For some, it’s simply that – the data. Crunching the numbers and comparing against goals is a part of it, for sure. And, this year we encourage you to take full advantage of not only looking back, but also acting on what you discover in a way that acknowledges your efforts, celebrates your victories, and gets you charging forward for your best year yet.
Let’s break this down into several areas. First, reflect on the numbers, because that’s the measuring stick for profitability. Did you hit the goals you set? How did your expense percentages shape up? Did more fall to the bottom line? Next, reflect on your systems and processes. What positive changes have you made that improve the client experience and save you time? Finally, reflect on yourself. What personal, positive changes have you noticed? If part of a team, ask the same questions of your team – reflect on the results in all three areas.
People with teams do this one more easily than those who are solopreneurs. When you’ve accomplished goals, made changes and improvements, it’s important to celebrate the wins. Reward your team for exceeding goals and for process improvements that brought more efficiency and happier customers. Reward yourself for personal growth as well as achievements. And choose rewards that suit the accomplishment – not everything has to be cash. Time off, self-care, and even handwritten expressions of gratitude all have their place in the reward arena.
So often goal accomplishment is the result of extra time and energy invested. Unfortunately, achievers tend to just keep pushing on, and burnout is an unfortunate side effect. The world’s most successful people not only understand the value of recharging, they put a premium on it and often schedule it first. So what rejuvenates you? When is the last time you scheduled a massage, a weekend cycling getaway, a trip to the beach or the cabin in the woods? Pull out the calendar and ink it in. Remember how you normally come back – full of energy and refreshed, ready to take on new opportunities.
Part of your review process also includes goal setting for the coming year. Knowing what you now know – how do you want to plan for your best year yet? When we do Snapshot Business Planning with our clients, we work through the 8 Facets of a business to identify what’s working, what’s not working, and what will be changed/added/deleted. Map out your strategy for the coming year, and drill down on action steps, timelines, and who will help make it so. Be sure to include your personal development plan for skills training as a part of that!
We love partnering with people as they do their 4 R’s. When you’re ready for someone to support you with your process, email us to schedule a strategy session at firstname.lastname@example.org.
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