Quite rightly everyone’s focus over the Christmas period is on family and friends, and particularly their children. The lead up is frantic, especially for those not that keen on the hustle and bustle of the busy shopping malls, no matter what day of the week it is.
Prior to “closing down shop” make sure you clear the desk of all outstanding tasks and jobs. All unfinished billable work should be completed so that you can then invoice the client before you break for Christmas. If you carry stock, now is a good time to review what that looks like and maybe slash the price of old stock, maybe even clear out and write off redundant stock, and review what stock you should be holding going forward.
When you do get a chance to relax and maybe reflect on the last 12 months, use the time wisely. Here are some tips on what to focus on in between the family festivities:
- Reflect on the good and the bad things that happened in the last 12 months. Take positives out of both. Appreciate those things that went well, while focus on those areas that didn’t and how to improve or eliminate them from the business.
- Don’t go spending all your Christmas earnings at once, especially if January is traditionally a slow month for you and the business
- Take advantage of this slow period by reviewing current practices, operations, systems, and people. Are they doing what you want them to be doing? Can they be improved? What is it going to take to make those improvements and how quickly can that be done?
- If your goals for 2019 are ambitious, and there’s nothing wrong with that, how are you going to fund those goals. Start putting plans and options in place so that funding doesn’t become the catalyst for not hitting targets in 2019.
- Look at your own role in the business. Does that need to change. What should your focus now be on – should you spend more time working on the business as opposed to in it?
- It’s also maybe a time to cultivate fresh ideas.
- What about your client base – does that need a bit of a shake up? Are there clients that have lost interest in your services or products? Which ones are you happy to let go, and which ones are you keen to keep?
So over the Christmas and new year period, spend some time making a list, setting goals, not quite a bucket list, but things you want to achieve, want to change or want to improve on in 2019 that you can refer to all the time. Enjoy your break and come back energised, determined and focused on making 2019 better than 2018, maybe a lot better.