The end of the year does not have to bring woes to your business, in fact, it should represent a time to reflect on the successes (and failures) of the previous year and a time to look forward to the upcoming year, your business plans and goals.
When thinking about year-end, the obvious comes to mind; T4’s, taxes , reconciliation’s and financial statements.
You should however consider the less obvious; that is, your business plan.
When looking at your business plan, ask yourself a couple of very specific questions:
- Did we reach our goals for the current year?
- Why or Why Not?
- What are our goals for the coming year?
- How will we achieve these goals?
These are very basic questions, but asking them of yourself and your staff can provide insight and build a team atmosphere around your business objectives.