As we approach the end of the year, many small business owners are working of plans for next year. It’s hard to break a habit; In my opinion, planning is an ongoing process and should not be regulated to the end of a year of the beginning of another.
There is a saying: “if we don’t learn from our past mistakes we leave ourselves open to repeat them”. The same holds true for business growth. Many people only look ahead and never analysis what worked and what didn’t during the last 12 months.
I recommend that you do the following exercise encompassing the past 12 months. After you complete the exercise, repeat it at the end of each month.
For the next few days take an hour of quiet time and reflect on the past year of your business. Keep a pad and pencil handy and make two columns. On should have a heading “things that didn’t work” and the other, “things that worked”.
The result of this annual review and subsequent monthly reviews, will help keep you on the right track for growing your business. Learn from your two lists; use them as a stepping stone for next planning session. Don’t dwell on your mistakes, learn from them and then push ahead.
Doing things a little bit at a time, all the time, has the highest probability of success.
Have a great day!