6 things to do with your business at the end of the year
Posted: Sun Dec 22, 2024 5:50 am
Every CEO or executive director knows that there are things that must be done at the end of the year to leave everything in order in their organization, such as finishing unfinished matters from previous months and planning new activities aimed at the first quarter of next year.
Pre-New Year activities related to the analysis of achievements and objectives during the year are important to close cycles and plan new ones for the future. Therefore, if you consider that you have many things to do in your company before the end of 2019 , here are six of them that we consider important.
1. Adjust and update your business plan
You may not want to hear about numbers or indicators until January, but December is the right month to update your business plan for next year .
A business plan is your cover letter when looking for financing and new business partners. If in 2019 your numbers were positive and your objectives were met, you should update your business plan with these results, as well as with the new goals proposed for the following year.
2. Review compliance with objectives
Among the things to do before 2020 is to verify whether the objectives set for 2019 were met or not and how they were achieved, if so. The results of this analysis may indicate that there are unfinished objectives that require priority for the following year. Analyzing the fulfillment of objectives is important because it can show that, although the goals set were achieved, the means to do so were not the most appropriate.
3. Carefully review monthly reports
Due to work dynamics, you may not have adequately attended to the reports prepared by your company's departments throughout the year. Therefore, among the activities before the new year is to examine all operational, financial, risk and sales reports prepared month by month.
Re-reading reports means analyzing them from a different perspective, one that is not influenced by the incessant pace of work characterized by the immediacy of the business world.
The importance of carrying out this activity at the end of the year is that you can take your time with each report, have a deeper interpretation of the data and analyze the performance of your business over the course of 2019.
4. Execute postponed decisions
Don't worry if you had to postpone some decisions throughout the year to do them later. The pace of work is hectic and doesn't offer many comforts for making the right choices. December is relatively calm, so among the activities before the end of the year is to schedule and give a specific date to those postponed activities.
Taking care of unfinished activities now will optimize your company's situation for 2020, as it will allow you to think strategically about how to finish them for the following year, create a schedule of activities, and give continuity to those projects.
5. Gather your team
December is an excellent opportunity to organize meetings with you poland number for whatsapp r team and get their perspective on the activities carried out throughout the year. These work meetings are important to take stock of the results.
The Economist indicates that these meetings are a good opportunity to propose a self-assessment exercise , as well as to communicate what has been done, what has worked and what has not, and to reward your team for the effort invested.
6. Vacation!
December is the last month of the year. It is the end of an exhausting and demanding period for you that brought with it joy and reasons to celebrate, but also moments of stress. Therefore, among the things you should do at the end of the year is to rest and recover energy to face 2020 with the best disposition and spirit.
Take advantage of your days off to reconnect with your loved ones , go on trips and explore new destinations. We recommend living experiences that help you briefly forget the complexity of the business world.
Research conducted by Clínica Alemana indicates that the end-of-year holidays are necessary to refresh the mind with new activities and interests, and also to reflect on the direction you have chosen and project yourself into the future.
In short, loose ends are dangerous; leaving things from 2019 unattended can negatively impact your 2020. Meet with your employees, reread the reports for each period, contact the investor who caught your attention but who you were unable to get to know in more depth, etc.
Unfinished business can make the difference between a successful 2020 and a 2020 without strategies. Taking care of all the things that need to be done at the end of the year will give you security, confidence and knowledge.
Pre-New Year activities related to the analysis of achievements and objectives during the year are important to close cycles and plan new ones for the future. Therefore, if you consider that you have many things to do in your company before the end of 2019 , here are six of them that we consider important.
1. Adjust and update your business plan
You may not want to hear about numbers or indicators until January, but December is the right month to update your business plan for next year .
A business plan is your cover letter when looking for financing and new business partners. If in 2019 your numbers were positive and your objectives were met, you should update your business plan with these results, as well as with the new goals proposed for the following year.
2. Review compliance with objectives
Among the things to do before 2020 is to verify whether the objectives set for 2019 were met or not and how they were achieved, if so. The results of this analysis may indicate that there are unfinished objectives that require priority for the following year. Analyzing the fulfillment of objectives is important because it can show that, although the goals set were achieved, the means to do so were not the most appropriate.
3. Carefully review monthly reports
Due to work dynamics, you may not have adequately attended to the reports prepared by your company's departments throughout the year. Therefore, among the activities before the new year is to examine all operational, financial, risk and sales reports prepared month by month.
Re-reading reports means analyzing them from a different perspective, one that is not influenced by the incessant pace of work characterized by the immediacy of the business world.
The importance of carrying out this activity at the end of the year is that you can take your time with each report, have a deeper interpretation of the data and analyze the performance of your business over the course of 2019.
4. Execute postponed decisions
Don't worry if you had to postpone some decisions throughout the year to do them later. The pace of work is hectic and doesn't offer many comforts for making the right choices. December is relatively calm, so among the activities before the end of the year is to schedule and give a specific date to those postponed activities.
Taking care of unfinished activities now will optimize your company's situation for 2020, as it will allow you to think strategically about how to finish them for the following year, create a schedule of activities, and give continuity to those projects.
5. Gather your team
December is an excellent opportunity to organize meetings with you poland number for whatsapp r team and get their perspective on the activities carried out throughout the year. These work meetings are important to take stock of the results.
The Economist indicates that these meetings are a good opportunity to propose a self-assessment exercise , as well as to communicate what has been done, what has worked and what has not, and to reward your team for the effort invested.
6. Vacation!
December is the last month of the year. It is the end of an exhausting and demanding period for you that brought with it joy and reasons to celebrate, but also moments of stress. Therefore, among the things you should do at the end of the year is to rest and recover energy to face 2020 with the best disposition and spirit.
Take advantage of your days off to reconnect with your loved ones , go on trips and explore new destinations. We recommend living experiences that help you briefly forget the complexity of the business world.
Research conducted by Clínica Alemana indicates that the end-of-year holidays are necessary to refresh the mind with new activities and interests, and also to reflect on the direction you have chosen and project yourself into the future.
In short, loose ends are dangerous; leaving things from 2019 unattended can negatively impact your 2020. Meet with your employees, reread the reports for each period, contact the investor who caught your attention but who you were unable to get to know in more depth, etc.
Unfinished business can make the difference between a successful 2020 and a 2020 without strategies. Taking care of all the things that need to be done at the end of the year will give you security, confidence and knowledge.