Written by Rahna Barthlemess for Southworth Blog
January will be here before you know it, and many businesses have their fiscal year on the same schedule as their calendar year. Get a jumpstart on your planning by evaluating your business for the upcoming year.
It doesn’t matter if you work at a large corporation or if you are a one-man show; everyone needs to revisit their business plan occasionally.
In corporate settings, there is usually an annual strategic plan presented to senior management for approval of the next year’s budgets. But if you’re in a small, privately-owned company, there may not be such rigors put in place. Small businesses need to force themselves into the same rigor, although the manner in which the review happens can be quite different.