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How To Conduct A Year-End Business Review: 9 Step Guide

Now that the last few hectic months of 2016 have officially ended, investors and business owners alike should prioritize reassessing their processes, systems, and goals.

It is easy to get caught up in the excitement of a new year and forget about the importance of planning and preparation. However, it is crucial to conduct a year-end business review if you want to succeed in 2017.

Before conducting your business review, make sure to have an agenda and list of questions prepared to ensure efficiency and effectivity throughout the meeting. When you begin to look back at the year, it is a good idea to start with the “wins” – or positive accomplishments – that occurred over the last 12 months. Discuss what went right and determine what precise steps were taken that resulted in achieving the goal; this way, you’ll know where to start when drafting your 2017 game plan.

Preparing For Your Business Review

Once you’ve evaluated the prior year, it is time to move forward and set goals for the new year. Ask yourself where you see room for improvement and create specific goals that aid in boosting your business’ bottom line.  Be sure to identify potential obstacles that could keep you from achieving these goals and possible solutions to overcome those hurdles so that you are prepared for anything.

Finally, create a fixed timeline of when you want to complete each goal. Doing so will hold you accountable to finishing necessary tasks.

Use our 9 step guide to prepare you business from 2017 today!

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