With another financial year about to come to a close, it’s the perfect time to reflect on 16/17 and look forward to 17/18. We do a big annual planning day at this time of year and we wanted to share a few of the things we like to reflect on and discuss in these sessions. Get your team togethers and have a look at this list:
VISION & MISSION
First thing’s first: revisit your vision and mission. Have you stuck by these this year? If not, why not? Here’s a great Ted Talk by Simon Sinek who talks about starting with WHY.
Now consider your purpose. This may have evolved over time; it grows and changes as your business does. Have your decisions been in line with your purpose over the last twelve months? How will you continue to stick by it over the coming year?
Assess whether you’re on the path to reaching your longer-term goals. Check how the five to ten year plan is tracking.
Time for some numbers. What’s your current turnover and how much would you like it to increase by this time next year? How will you make that happen? You should be looking at your financials in detail and understanding exactly where you’re at. We can give you a hand with this part.
Go through your core values with the team. Get everyone in on this one. If they’re on board, your corporate culture will be glowing.
Once you’ve decided where you want be in another twelve months, create an action plan and assign responsibility to every part of it. Review it quarterly to keep everyone accountable.
Involving the entire team in this session will not only leave them feeling included and important, but you’ll end up with far better results. The more heads, the better. You want to enter the new year with a fresh start, new goals and a motivated team. If you’d like a more detailed look into what a good business plan should have in it, have a read of this previous post.
Hosting these planning days for clients is one of the most enjoyable parts of our job. Book in with the team before EOFY to set yourself up for the next twelve months. Know where you want to go, and how you’re going to get there.