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Interview Patty

Ending the Year Well in Your Business

5 Essential Steps

Step 1:  What’s been great about this year?

Write a list, doodle a drawing or mind map the 20 best things about your year in your business. Once this has been completed, take a few moments to reflect. Absorb how much work you have done, the successes you have achieved.

Step 2: What can you do or have to mark this achievement?

Whenever I achieve a big milestone, for instance, my first client, my 100th client, a book deal or leading my first workshop for women business owners, I go and buy something to mark the event. This may seem a minor step to do in an annual review, but I know it will have far-reaching impact in the years to come.

Step 3: How did the numbers stack up?

How much money did your business make? This needs to be considered at two levels:

  • Turnover - the amount you invoiced

  • Net Profit - what is left after you have paid for the goods to be made and all your operating expenses.

Step 4: What can you learn from the numbers?

Consider your responses from step 1 and step 3. What went well and the financial performance of your business. Take some time to review the year in terms of activities that grew the business and added to the revenue, and those that didn’t. Create a list of 10 activities that you loved and that you know had a positive impact on the business. What was it about them that worked so well?  How did they impact your business? Now create a second list of 10 activities you completed that didn’t fare so well.

Step 5: Saying Thanks for the Human Touch

Successful business owners have the right support at the right time. In the last 12 months, who has supported you? What have you learnt from them and how has their support made a difference to your business?

The people that we choose to spend our time with have an enormous influence on us. Running our own business can be a lonely place and so this support is essential to motivate, inspire and stretch.

Who would you like to say ‘thank you’ to? Which people in your support network have helped you grow, nurtured your ideas and made an impact?

Read the full article at: womenunlimitedworldwide

Patty Block, President and Founder of The Block Group, established her company to advocate for women-owned businesses, helping them position their companies for strategic growth. Charting the course for impactful, sustainable, profitable businesses, the beacon is control: of your strategic direction, your money, your time, your staffing, and your ability to bring in business. The Block Group brings together the people, resources and ideas that build results.

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