Small Biz Best Practice: Planning for the New Year

Believe it or not, the end of the year is quickly approaching. How are you, as a business owner, feeling about the end of 2022? Most we’ve spoken to have had a rocky year, whether it be in talent retention, securing new clients, or even just trying to maintain the status quo. The post-pandemic ‘return-to-normal’ was anything but, however, we can reflect on the past year as (yet) another year of adaptation, and use it to build a game plan for 2023. Let’s take a look at a few of the tactics you can implement.

Key steps in preparing for a successful 2023

  1. Analyze current performance. Before making any tactical plans for the new year, do a thorough investigation of your team’s 2022 performance. What worked and why? What hurdles did they face and are they likely to persist? If so, what can be done to navigate them? This is your opportunity to dig deep and discover the things that do and do not work for your team. And remember, get some feedback from the source!
  2. Identify team goals. And before you make that list a mile long, be reasonable and honestly write down those goals that are a) the most important, and b) actually attainable from the current starting point. Once you find focus on those few game-changers, a workable plan can be constructed.
  3. Now strategize. You have your list of must-haves, how will you get them? And how will performance be measured throughout the process? It’s extremely important for your team to know their goals AND what targets they’re expected to meet as they work. Not doing so will completely undermine any new objectives.
  4. Focus on filling the gap. Once there’s a strategy in place, examine it for missing pieces and be sure to address those before going any further. This will really help in the success of the plan.
  5. Is recruiting necessary? You want to make sure you have the right team in place so consider whether recruiting is necessary, or will training existing staff be the best bet? Training is a great way to boost company moral, production, save money, so we recommend carefully reviewing this option before posting a job listing.

Using these steps as a template to evaluating the past year and planning for the next can help streamline action steps and measure productivity. Being a small business owner these days is a dynamic endeavor and we know that preparation and adaptability is key. It really makes the difference in succeeding, or not.

The working world is forever evolving and being able to identify where adjustments are needed is crucial to stay competitive. Here is where an experienced HR team like Eos HR can help. We make sure small businesses are successful in implementing new strategies to ensure success in their goals. Schedule a free consultation today to learn more.