Today marks the last day of October. We are quickly approaching two of the busiest months in the year. With Thanksgiving and Christmas calling, it’s easy to put the control of your business into neutral and coast into 2014; a nice thought, but can you use this time to charge forward into the next year with a clearer vision for your company?
We suggest that you take some of this downtime to reflect on your achievements and failures this past year. Honestly look at your company and compare it to where it was at this time last year. And then ask:
- What do I want to accomplish in these final two months?
- What kind of growth do I want to see next year?
- Are there actions I can take right now that will lay the foundation for my company’s growth?
- What needs to change?
What truly does need to change? There may be an aspect of your business that is causing problems or hindering growth such as mismanaged employees, a product that is not where it needs to be, or a service that has unsatisfactory profit margins. Think about the cause, and then what you could do to overcome them.
We’ve realized that the business owners who are serious about managing a company that is efficient and effective are the ones whose companies are far more attractive to buyers and demand higher valuations when the time to sell comes.
Here’s to a fantastic final two months of 2013!