It’s a great time to plan for a better year so here are three planning exercises for small (and not so small) businesses.
Business activity calendar – create a plan for rest of the year so you're not surprised by events you can prepare for today. Note the important community and recurring events, seasonal business opportunities and important tourism dates.
Add any important vendor schedules, regulatory deadlines (like tax deposits) and important personal dates.
An annual planning calendar can also help you plan some 'me time' to help prevent burn out. Float through the year by the seat of your pants or create a calendar that keeps you focused; the choice is yours.
Profit plan – how much income do you want to earn this year? What level of sales would be needed to reach that profit goal? What resources will be needed to reach your goals? What will you do differently tomorrow to reach those goals? Plan today or lament tomorrow.
Promotion plan – your business is located in an exciting community with a myriad of opportunities to promote your business. Local events, publications, chambers and service clubs provide an almost limitless number of promotional opportunities.
Continue to approach promotions randomly or cultivate the habit of planning and make this year your best year yet.
Would you like to know more? Call Kevin, your respectful business adviser at (360) 447-8788