Your First Quarter Review Are You Awesome Or Average

Your First Quarter Review Are You Awesome Or Average

Your First Quarter Review – Are You Awesome or​ Average?
One fourth of​ the year is​ over .​
How are you doing in​ meeting your goals? How are you doing compared to​ your budget? In my last article, I​ talked about how business systems aren’t just for big business .​
Guess what? Neither are goals and budgets.
Big businesses put tremendous effort into creating detailed budgets and detailed goals each year and checking their progress against them monthly and quarterly .​
Investors eagerly await the announcement of​ quarterly earnings and stock prices jump up or​ down based on the results .​
They go to​ all this expense and trouble for only one real reason .​
It works.
Big businesses very seldom wander from the tried and true .​
They set goals, budget and compare to​ their budgets frequently because successful businesses before them did it .​
I’m not saying that you have to​ have goals and a​ budget to​ be successful, but it​ sure does increase your chances of​ success .​
That’s also why you are reading this .​
To help increase your chances of​ success .​
So here’s your tip of​ the week.
If you don’t have goals and a​ budget, stop what you are doing and create them .​
If you do have goals and a​ budget, stop and take a​ look at​ them .​
Ask yourself the following questions:
How have you done so far this year?
Are you awesome or​ average?
What can you tell from your results?
What’s working and what’s not?
Where could you use some help?
What successes can you leverage?
Now is​ the time to​ start looking at​ what adjustments you need to​ make to​ continue your successes or​ cut your losses .​
It’s also a​ good time to​ revise your estimates for the rest of​ the year .​
Don’t stop at​ just revising the numbers .​
Now is​ the time to​ revise your action plan too .​
Where do you need to​ step up your action and where do you need to​ cut back? Again look at​ what’s working and what’s not .​
Don’t have an​ action plan? Now would be a​ good time to​ create one .​
Goals and business plans only get you so far .​
An action plan is​ what makes your goals and budgets work.
Does this all sound like a​ lot of​ work? I’m sure it​ does, but it​ is​ time and effort that will pay itself back tenfold .​
Knowing where you want to​ go and then comparing regularly is​ the only way to​ assure yourself you’ll get to​ where you want to​ be .​
Otherwise you might end up like Alice in​ Wonderland.
Alice: Would you tell me, please, which way I​ ought to​ go from here?
The Cat: That depends a​ good deal on where you want to​ get to.
Alice: I​ don't much care where.
The Cat: Then it​ doesn't much matter which way you go.

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