As 2018 winds down and the holiday season kicks into gear, are you spending any time thinking about your business plan for 2019? With less than 6 weeks to go until the new year is in full swing, there is no time like the present to think about the changes, challenges, and course corrections that can make your business the best it’s ever been.
Like resolutions, business plans have a way of fading into the sunset unless real thought and specific strategies are included. It’s not enough to just hope that you make more money next year. Now is the time to determine the obstacles, opportunities, benchmarks, and targets that will help you make sure that next year is more profitable and, ultimately, more fulfilling. Here are a few things to consider as you begin to make your business plan for 2019:
What worked last year?
Often business owners get so caught up in looking for the issues and problems that they forget to look at what actually worked for them in the previous year. Once you identify them in your own business, you are more able to capitalize on them. Maybe it’s as simple as expanding a program or increasing your budget in that specific area. It’s not about re-inventing the wheel – especially if the wheel is rolling along just fine.
What didn’t work last year?
Okay, you knew you’d have to get to this part of the planning process. That’s okay. Often figuring out what isn’t working is the first step toward streamlining business, saving money, reducing actual work hours, and refocusing efforts into the very things that will take your business to the next level.
Are there any new challenges you want to set for yourself in your business?
As with most things in life, your business is not something that can thrive when it’s stagnant. What can you learn and add to the process to keep it healthy and growing? A business coach? Social media classes? Business development seminars? Company bonding and education events? All of these and more can help you grow both personally and professionally while the new skills and knowledge you acquire can affect everything from your work environment to your bottom line.
What are your goals for the new year?
One reason many people don’t meet their business goals is that they never take the time to stop and define them. Common sense tells you that you can’t hit a target when you don’t even know what it looks like. Setting realistic goals, determining specific steps to achieve them, and having accountability built into the plan are the keys to actually succeeding.
As you wind down the year, don’t forget that a brand new year is just around the corner. Is this going to be the one that takes your business where you want it to be? Get started with your business plan for 2019 and start the new year off with a bang!
If you want assistance in getting your business plan together for 2019, give ActionCOACH a call. We are the #1 business coaching firm in the world for a reason – we get results! Contact us and let’s get started.