TOW#470 — At year’s end

Everything comes to an end, years included. It’s a time during which most of us are focused on organizing celebrations and planning for an unforgettable night, or trip, or holidays…

But hold on people, the year isn’t over yet! Wait, don’t shut your brain down just yet, there’s still so much that needs to be done before year’s end!

Use this period to do the following:

1. Review the previous year

a. Team — sit down with the team and talk about what went well in the past year, what could be done better and where you made the most mistakes. In addition, do a little evaluation and see whether the people working with you or are in your team are the right people and what are some of the things they could improve upon in the future.

b. Finances — first do your own financial audit and see what could have been done better. See where you spent the most money, what you spent it on and what you could do avoid that money going on (un)necessary things. Also, take a look at the income and see where you could have made some improvement and how you could have done it. Then, if you’re the owner of a company, meet with your accountant or financial guru and conduct a full audit of your financial performance;

c. Targets — I hope that at the end of last year you set out some goals or things that you wanted to achieve, so now’s the time to see if you achieved them and if not, why NOT(?). ☺

2. Plan for the upcoming year

a. Team — be sure to plan properly if you feel it’s necessary to make the team bigger or smaller. Additionally, on the basis of the evaluation of the employees or team members, make a plan to improve some skills that will contribute to personal and professional development, first on an individual level, and then on the group level;

b. Offices — if the team’s getting bigger, you probably need to think about some new offices, and if not, then perhaps to rearrange the existing ones in order to freshen them up a bit;

c. Finances — it’s crucial to make a spreadsheet of incomes and outgoings that should correlate with all of the novelties you want to introduce at work in the upcoming year. Put it all in a chart that you can monitor throughout the year and see whether your planning was good enough. This table will also be a nice way to keep tabs on your finances during the year;

d. Targets — time to set new goals / make plans that we’d like to achieve next year. You’ll need to write them down somewhere, only because you’ll forget them otherwise, whereas if they’re written down you’ll remind yourself of them from time to time… Try to set a few (seven goals max., both personal and professional), but don’t make them too easy so you can push yourself a bit to accomplish them.

Many things happened and happened to you over the last year; don’t let the New Year catch you off guard!

Wishing you happy holidays,

@kalinbabusku

“Tip of the Week” Team member

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