Wow! The first half of the 2015 flew by in a blink of an eye. That means it’s time for a mid-year self-assessment.
How is your small business doing? What needs more promotional attention? And what’s the plan for the latter part of 2015?
If you’ve been following your business plan, things should be proceeding apace. But you know from the past that things don’t always go as planned. The brutal winter much of the nation experienced is likely to have played a factor. And even this spring with its regional downpours wasn’t conducive to casual customers.
Additionally, the economic recovery is moving at a slow place that may not be helpful enough for your business.
To forge ahead, take stock in the past half-year. Review the hits and misses. Correct what isn’t working and expand on what’s been successful. To parse things into more meaningful segments, break out the next half-year – and beyond.
Immediate: What needs to be addressed right now? Consider stop-gap measures, such as a workflow change, discontinuing items or services with poor returns, sales ideas, and introducing a long-overdue process.
Short term: With only six months left in the year, this would be things occurring in the next month or so, which definitely means plans for the holiday season (and that goes for almost every type of small business). Don’t forget to think outside the marketing box to attract new business.
Long term: What are your goals for the next year? In the corporate world, budget season for next year is this summer. Try operating that way to get ahead of the year-end rush.
Blue sky: I keep a notepad (electronic or actual paper) nearby to jot down whatever ideas or concerns come to mind. Make this your own personal “think tank” of future ideas.
So, start filling in plans for each of these sections and soon you’ll have plenty of things to look forward to, particularly the additional business!
We want you to succeed – not just of the rest of the year but for decades to come! Turn to Biz2Credit with any questions you may have about your small business financing needs. Call us at (800) 200-5678, or visit us online at Biz2Credit.