Lincoln VT – Setting Goals for 2023 as a Business Owner | Business Coaching News

As the year comes to its conclusion, now is the most optimal time to start thinking of and creating new business goals for 2023. Rather than waiting until the year ends and experiencing more pressure and hastiness in defining your goals for the new year, take time to review your priorities and goal progress, and plan for expansion using an analytical approach.

Using your data to review your past goal progression guarantees you will create purposeful goals in 2023 with a refreshed perspective: this is why hiring a certified business coach is conducive to achieving results.

Review Your Finances

You need to know where your business fares financially to plan future improvements, such as adding another department or changing your manufacturing location. Learn how your business is faring financially by requesting assistance with learning your numbers. Then, you can strategize how to obtain the capital necessary for your new business goals.

Learn From Last Year’s Goals

Review your goal progress for 2022 with your partners, executives, leaders, and managers: where have you succeeded and stagnated? The objective is to learn how and why your company is in the position it is in by answering the following:

• What goals you created in 2022 were accomplished?
• Where have you excelled in your business? In your marketing department, sales, customer service, improving your supply chain management, etc.?
• What goals were unsuccessful in 2022 and why?
• Where has your business stagnated or declined?
• Who didn’t achieve higher performance or complete their objectives?
• What were your threats and risks, and have they shifted during 2022?

This process involves having a critical discussion with your team – having a business coach act as an objective facilitator will help sustain open feedback and honest communication.

Look at Your Business Plan and Change It, if Necessary

Review your business plan and note if your business remains aligned with your original mission, purpose, and vision. If not, you should determine if your business plan will be rewritten next year or plan to realign your business.

Prioritize

Create a list of the most valuable tasks for goal achievement, improvement, and growth in 2023. You and your team should reach clarity of their responsibilities to achieve the results you’re seeking.

Start Building  New Strategic Plan

Using the information you’ve gathered from your reviews and assessments, begin the strategic planning process by gathering the people you need, such as executives, vendors, partners, and even long-standing customers. Then creating a date, time, and place to proceed with the planning process.

If you’re a business owner ready to start the year strong, you can book a consultation with me today. I am available to assist you in cultivating success in the new year.