The beginning of a new year is always a time for companies to plan their strategy for the coming twelve months. In today's blog post we are going to share some tips on what we feel works best when planning ahead.
What do you want to achieve by the end of the year?
Your goals and targets should set the scene for everything you do in the coming weeks and months. Every decision you take, every contract you sign and every new employee you engage should all contribute towards the end goal.
Do a SWOT analysis
You need to look at the Strengths, Weaknesses, Opportunities and Threats for every step you take as you move into the new year. This is a trick that businesses use to help show any blind spots that they might fail to see on a daily basis. Performing a SWOT analysis helps your company slow down and ask important questions that reveal essential information about your business's direction.
Work SMART, not hard
When setting business goals, keep in mind that they should be SMART goals, meaning that these need to be Specific, Measurable, Achievable, Realistic, and Timely. Saying something like "I want to improve my sales this year" is not specific enough therefore, it will turn out to be something difficult to achieve because it cannot be quantified. On the other hand, saying that "I want to increase my RoI by 10% by Q2 of this year" makes much more sense because, not only is it a more specific goal, but it also gives me a clear target, and enough time to achieve it.
Prioritise your tasks
One of the biggest hurdles business executives come across is time management because there is always too much to do. However, it is important that this year we all learn to prioritise more effectively and work more efficiently as a result. It's true that everything is important, but it's also true that Rome wasn't built in a day.
Surround yourself by 'A' people
No man is an island! And if we are to achieve our business goals this coming year, we need to surround ourselves with people who are going to help us get there.
We hope you find these tips useful and that they help get started on the right foot as we move into the new year.