It's incredible that the end of 2021 is almost upon us. And with a final month to go, outside of finishing the year as strong as possible, entrepreneurs also need to do their best to prepare for success in the New Year.
Here are 3 important exercises all entrepreneurs should do before the New Year starts.
Review the Successes and Failures of the Current Year
A great exercise that should be done prior the end of every year is to take time for a serious review of the successes and failures of the current year. This needs to be planned and should have a day or so devoted to it. This is an opportunity to really look at your business, yourself, and your life and be honest with what you are doing well and where you need work. It is an opportunity to identify where you can better yourself in the new year. You put focused time into each area: Business, Yourself, and Your Life. Write down the successes you had over the year and the failures. Ask yourself why had the successes you had and what you can take from them to keep doing. More importantly, ask yourself where you failed and WHY and the write down how you can do better or overcome the failure the next time a similar situation presents itself.
Set Your Goals
I know, I know - everybody tells you to set goals. I am going to as well, but only after you have analyzed your successes and failures. How can you set goals if you don't know where you've been or how you got there? Analyzing your successes and failures in the areas of your life gives you the information you need to better set goals and make them more meaningful so you achieve them. As you set your goals, identify the resources or partners you may need to reach the goals and start reaching out to them to get things setup going into the New Year.
Plan for Your Success
Most people don't like doing tedious work - me included. But it's the tedious work that pays off over time. It is the attention to detail that can make the biggest difference. Once you have written your goals and identified the things you need to help reach them, you must plan for their success. At minimum, you should write what you need to do by month to stay on pace to reach them. Ideally, you should have it broken down by week and look for ways to accelerate reaching the goals so you can accomplish them even faster.
A lot of people know and talk about these 3 things when it comes to success, but very few actually do them. That may be the 4th action - Do it. Put the work in and it will pay off for you. Here's to a great 2022!
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