Wednesday, January 23, 2013

Integrating Resolutions, Goals & Projections Into Your Business Plan


I set personal and business goals, however, I'm not one to make New Year's resolutions.  But I do love hearing and reading everyone else's grandiose ideas and the varying ways to make them happen.  There are always so many great thoughts and methods to accomplish them, that I always glean something I had not thought of before - even if I morph it into something else.  

I also enjoy reading all of the projections for business trends and technological changes.  Most of the projections seem fairly similar and generally supported by the same root sources with a few varying thoughts.  Ultimately, It's good to be reminded of what happened during the year and where we might be headed. 

As the calendar year draws to a close, many businesses wrap up fiscal years also.  This is a busy time for many businesses.  They're not only closing the books on one year, but also revamping their one and five year business plans.

With so much change to consider, why not combine your New Year’s resolutions and your goals with your yearly business plan revision to make the outcomes more realistic for both.  And, even with reasonable business planning and goal setting, there's always going to be the need for change as the year progresses.  

When addressing this concept on Twitter today, it was good to hear similar thoughts from a long time friend of mine:

@StirlingMorris - Yes, goals are VERY necessary! People should have them for sure. I think they should just do it more than once a year! :)

Your personal and business goals can be specific, but, with all of the constant change in our lives and professions even a general outline can be effective.