Evaluating the health of your business? We assumed so. Considering the recent unstable economy and no doubt, changes within your business, your mid-year business review should be top priority. Remember those annual goals you set for your business at the beginning of the year? As we approach mid-year, now is an opportunity to evaluate, refocus and engage.
Evaluate
Mid-year evaluations and mid-year planning can help your business regain the momentum needed to continue tackling your goals. Consider looking at the current position of your business. You can kickstart this process by reviewing annual goals and schedule a brainstorm session with your leadership teams or trusted colleagues and mentors.
Your conversations in these meetings should be centered around taking a deeper look at your original roadmap to completing your goals and evaluating what did and did not work for your business. Now is your opportunity to reshape the goals you have set to best suit the current team you have in place that utilizes the talent you have. Follow this link to an article about using your team to achieve business goals. How to make the most of the talent on your team.
Refocus
As you move into the next stage of mid-year planning, you should create a proposal for how you envision moving your goals forward. Consider using this time to brainstorm with your team on varying thoughts they have for dividing this workload and tackling each set of mini goals as you work toward accomplishing your common goal.
One opportunity that some business owners can forget is bringing their team into planning conversations. Your team offers a perspective that can be valuable throughout this planning process but beyond that, bringing them into planning conversations can strengthen your transparency as an organization and indirectly build your culture. Follow this link to an article about effectively including your staff in strategy planning. Seven Steps To Engage Your Employees In Strategic Planning
So, you have evaluated your goals, refocused them to fit the current needs of your business and now it is time to engage your team and start working.
Engage
For many businesses, disruption in the marketplace can cause concern and worry among their employees. As we reenter our workspaces and define how to move forward with goals, re-engaging with your team is important for continued growth and long-term success of your business. Follow this link to an article by Forbes for 5 Powerful Steps To Improve Employee Engagement
Once you and your team are reenergized for the remainder of the year, consider checking in with them on a monthly or quarterly basis to ensure you are continuing down the best path. Goals should be fluid, setting goals with rigid guidelines can be detrimental to their successes. As you set goals, set them with the intention that they could easily be edited, because your business and the market is continually changing, your goals should follow this same guideline.
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