What you MUST do before you start your planning for the new year

business coach

A new year brings new beginnings, and if you are anything like me, you’ll be itching to fly full steam ahead into goal setting for 2018.  But before you do, a really important step is to take some time to reflect on the year that has been, celebrate successes, and acknowledge any lessons and learnings that you want to take into the new year.

 

Where did your numbers land for the year?

Run a profit and loss statement and a balance sheet from 1 Jan 2017 to 31 Dec 2017 and review your financials for the year.  Now is not the time to do the ‘head in the sand’ approach, but to bring light to your performance- be it a great result or otherwise.

 

What were your wins for the year?

Take some time to give yourself a pat on the back for everything that you nailed in the year gone by.  Maybe you won a new wholesale partner, or doubled your followers on Instagram.  These wins can be both qualitative and quantitative- so they could range from “I felt great that I was able to help so many people” to “I achieved my sales targets 9 months of the year”.

 

What were some low points?

Robert F. Kennedy said “Only those who dare to fail greatly can ever achieve greatly”.  What a powerful quote!  So when you write down everything that didn’t quite go to plan throughout the year, celebrate these failures, because if you weren’t failing, you weren’t trying!   

 

What were your learnings?

Further to the last point, everything that wasn’t a win was a learning opportunity!  So, take some time and write a list of the what you want to take from 2017 into the new year.

 

How did you grow this year?

Leaders are continually growing and educating themselves.  What did you take away from this year?  What were some great books/ courses/ podcasts you absorbed and how did it impact on you as a business leader?

 

To wrap up the review (and the year), pick a word that sums up the year for you.  20__ was the year of _______ .

 

Now that you’ve been through this process of reflection, you have a great foundation for your new year planning!

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