The year’s end is fast approaching, and going out with a bang is on schedule. Capturing that year-end sales rush is vital, but planning the business properly for 2020 is even more important. Don’t wait to get the new year’s wheels in motion until January. Alternatively, allow yourself a few months of runway for a strong takeoff to get up to speed. If you haven’t started preparing for 2020 yet, don’t worry— to start today isn’t too late.
Here are three ways you can get off to a strong start next year.
Set Doable Goals
Do not be like the New Year’s Eve resolution maker who promises to “go into shape this year.” In order to drive revenue and growth, you need to set concrete goals that you and your team can be held accountable for. The best way to do this is to make your goals “SMART.” Borrowed from the world of self-improvement, this common acronym stands for Specific, Measurable, Realistic and achievable. This means whatever you decide or set to achieve your goal must compliance with your will and strength. You should be clear with what’s to be achieved, by what time and by what method. In short, set concrete goals.
Prioritize High Quality Data
Today’s business world is running on data, so making sure yours is right and well managed is critical. Before you can analyze it effectively, information must be reliable and clearly organized. Bad data makes your machine learning tools and personal investments worthless and ultimately can lead to mistakes that hurt your company.
Starting in 2020 with an eye to data quality — you’ll later be grateful. Insist that your staff follow the best data management practices. It includes regular evaluation of your data quality, cleaning databases and looking through your operations at the flow of data.
Allocate Proper Budget for Team’s Training/Workshop
You need to invest in your team’s professional growth to see business growth. This will be helped by high-quality training. This helps the staff to keep up with technology, regulatory requirements, product or service shifts, and branding. You have to distribute the correct budget to reap those bonuses.
The end of the year is not just for workplace holiday parties — planning for January and beyond is a key time. You can begin strongly with appropriate training, SMART goals and rigorous data management. Prepare for a great new year today, and you’ll be set.