Most business owners start the year with a vision, exciting goals, and a plan to make it happen. They get working on it, stuff happens, and it pulls them off track. That’s why it so important to do a mini business review at least once every three months.
Are you on track? Do you need to make adjustments?
Anytime is a good time to do a mini business review, celebrate your accomplishments, make adjustments and create your success plan for the next 90 days.
5 Elements to Consider in a Mini Business Review
Note: References to resources in the unit section are referring to content in the Bold and Successful Women Business Owner Group.
90-Rolling Success Plan
A 90-Day rolling plan is a practice where you create a 90-day plan, do a mini business review at the end of the month. Then you tack on the additional 30 days to the 60 remaining days to keep a view of 90 days. This allows you to keep an eye on future income.
5 Planning Elements to Focus on for Success
1. Celebrate and Review
Celebrate what you’ve accomplished, no matter how big or small they are. It is amazing that you’re in business. Celebrate whatever you’ve accomplished; little celebrations are as important as the big ones.
Do a Mini Business Review:
- What did you accomplish?
- Are your action reflecting your goals?
- What worked really well and what didn’t?
- What challenges did you face? (Internal or external)
- Any lessons you learned?
- What do you want to improve?
- What do you want to leave behind?
- Where did you get in your own way?
- What are you most grateful for?
- Your numbers – revenue, expenses, list size, followers, etc.
- Review expenses and determine if there are opportunities to reduce them.
2. Set Your Top 3 Goals
What are your goals for the next 90 days? One of your goals needs to be your money goal, that a fundamental goal for a business.
Think about the different types of goals you can create. There are two types of goals – aspirational and action goals. An aspirational goal is a wish; for example, making $10,000 per month isn’t an action, it is a want. Action goals are SMART goals that you actually do.
3. Gotcha Mindsets
Be aware of the stories that you tell yourself that hold you back from reaching your goals. Sometimes they are hidden and unexpected. When we are aware of our thoughts, we can challenge them and decide that they are not serving us anymore.
4. Make Your Money Real
Give your money a place to go. Give it a purpose.. What are you going to do with the money that you make? (Remember to allocate money to pay taxes.)
When our money is real, we get excited and we connect to what the money will allow us to have or do.
If you are disconnected from what the money you earn can give, you often undersell and undervalue your services/products.
5. Create Your Game Plan
Turn your goals into actions – what you’re going to do, when you’re going to do it, and how you’re going to do it.
Create actions with due dates, map them as much as possible over the next 90 days, break them down and assign responsibility if you have a team.
Establish your daily, weekly non-negotiables, including sales generating activities.
Do you want some help creating your 90-Day Success Plan?
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