It’s mid-year. Whether business has been good, bad, or moving along, it is time to do a mid-year check in on your goals. Why? Assessing where are now compared to what you had planned at the beginning of the year will allow you to determine where you need to make adjustments.
When you started the year, you probably had several short term and long term goals that you wanted to accomplish with your company. Pull out your list and see what has been accomplished. Give yourself a pat on the back for everything that your business has already done.
Here are some simple steps to assessing your goals and determining your next steps.
- Compare your goals to what has actually occurred in your business – Determine which goals need your attention the most.
- List the areas where you are struggling – You will need to determine next steps for these goals, along with time allocation and additional resources if required.
- Prioritize remaining goals – This will give you an idea of what areas you should be concentrating on and allow you to use your energy concentrating on priorities.
- Make sure that your goals remain measurable – Assign yourself a measurable point that you want to attain by September, November and year-end. This gives you something to aim for that is concrete. You can easily check your progress this way.
- Develop an action plan – This is especially important in areas that are tricky or troublesome. No action plan can often lead to no forward momentum on your goal.
You reviewed your goals and determined your next steps, now what? You are done, right? Not quite. This is the time to really look at them again. If you have already accomplished some of your goals you should:
- Determine if you need to up the goal’s standards or replace the goal with something more challenging.
- Adjust figures on your goal. For example, if you are running 15% over your estimate in sales, perhaps raising the bar is in order.
- If a goal is just not working, it’s okay to adjust it. Remember, this is your business. You need to do what works for you.
- Embrace the challenges and changes that you are making to your goals. This is a part of doing business.
Remember, the definition of a goal is “the result or achievement toward which effort is directed.” Business requires effort and your results come from these efforts.