10 Tips for Year End Planning and New Year Preparation

The end of the year provides the opportunity to review business progress and get ready for the new year.

Take the time to review your business KPI’s (Learn more about KPI’s – Key Progress Indicators from Forbes)  after your review and analyze your results,  make the revisions you need to improve your business success. An end-of-year analysis is the perfect opportunity to implement changes to your business plan.

10 Tips for year-end planning and preparation for a New Year.

1. Taking the time for year-end planning to review your business KPI’s ( key Progress Indicators) you can decide on the revisions you need to improve your business success. End-of-year analysis is the perfect opportunity to implement changes to your business plan.

2. Straighten up and eliminate clutter and office products, furniture, etc. No longer used in the business.

3. Identify items that still have a useful working life and donate to the appropriate charity.

4. Update your office with new and needed business equipment – as your budget allows.

5. Clean up, organize, and trash files on your computer and hard drives to get ready for the new year.

6. Complete a financial analysis of your business, compare it to your budget, and access what expenses need to be cut and where you made or missed financial targets.

7. Review your marketing plan, and decide on what is working and what is not. Consider making changes to your marketing plan for the new year, based on results achieved this year.

8. Complete year-end customer reviews, with recommendations for the upcoming year. Set up meetings to share your reviews and recommendations.

9. Finalize your plans and set up your processes to prepare your business for the new year.

10. Prepare your documents for tax season, to get ready to complete your taxes.

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Key Learnings

• Key Progress Indicators. Understand your KPI’s, you need to understand your progress in order to make positive revisions to your business plan

• Clean up your files, work environment, and business plan to help focus your efforts for success in the coming year.

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