Business Planning for 2018 – Strategy for the New Year
“Whenever the fiscal year of your business ends, whether that be December 31, or January 30, you should not wait until the very end to start planning for your next year. That means having a crystal clear understanding of the successes and challenges of your current year, how that impacts your upcoming year, and developing a vision of what you want to accomplish, and how.
I believe you should always start working on your next year strategy about four months in advance of the new year. It awards you enough time to make an impact on your final quarter, and lay the groundwork for making sure your next fiscal year starts off on a solid footing.
For the owners who want to achieve greatness, push the envelope, and grow their business through market share, market penetration, paying down debt, increasing sales, profits and cash flow, I urge you to get off your ass and get going now!”