REGISTER NOW: Uncomfortable Conversations: The Skills Crisis
REGISTER: 8THIRTYFOUR Skills Survival School Founding Cohort

Kick 2018's Butt: Start Planning

Written by

Share This Post:

A person leans over a table covered in papers with text that reads, "What is outside your control that can affect your business?"

Now that Christmas is over, you may be getting a sinking/panicked feeling as you realize 2018 is almost upon us. If you haven’t already started thinking about next year, now is the best time.
Boss Lady Kim Bode took to her blog last week to share some of her tips for planning an awesome 2018. We’ve got those tips here.
**This article was originally published on Small Biz Musings
The holidays are a great time to sit back and strategize on your business for the coming year. The weeks leading up to Christmas are a great reprieve from email, meetings and conference calls.
So make the most of it and set your goals for 2018. Grab the spiked Eggnog, a cozy blanket, your laptop and lets get to work.

  1. Before you get started, take a look at what you accomplished in 2017. Focus on the positive, what did you do well? What was the most profitable part of your business? For example, 8THIRTYFOUR grew our digital division while we saw a steady growth in public relations services as well.
  2. What didn’t work this past year? Make a note of the issues the business encountered. What did you do to correct it? Do you need to add this to your plan for 2018? This past year we tackled strategic planning, which resulted in some really tough business and staff decisions. What this did, was set us up to hit our revenue goals in 2018.
  3. Ok, now that you have taken stock of the past year, it’s time to look ahead. What is outside your control that can affect your business? Just recently the GOP passed their tax plan, what does this mean for your business? Will this impact your revenue? What can you do to offset it?
  4. Let’s talk numbers. What are your revenue goals for 2018? Setting this will determine your plan of action, which is the next step.
  5. Great, we got numbers…but how are you going to achieve them? Might, I suggest looking at the digital realm? Whatever your business might be, your potential clients are more than likely looking online to find you offer. If lead generation is a goal (isn’t it for everyone), then marketing must be a priority. And yes, it takes money to make money.
  6. Good, we all agree – marketing is super important. With your tools and tactics mapped out, you need to create a roadmap or timeline. Pull your leadership team together and set the milestones to reach your goals – break it down by week, month, 90 days.
  7. Looks like you are all set for 2018! Wrong. You need a ‘oh shit’ plan, because nothing ever goes according to plan. If you suddenly lose a major client, what will you do? Outline the steps you will take to protect your business.

Now that you are thoroughly buzzed up from your Eggnog…pat yourself on the back for taking this slow time to plan for the coming year. Oh, and call 8THIRTYFOUR so we can launch that lead generation strategy.
Get more Small Biz Musings from the Boss Lady herself on her blog. 

Responses

Your email address will not be published. Required fields are marked *

Search

Recent Posts

Something on Your Mind?

The way you show up at work shapes how people remember you.

Last month, alyshiahull joined bodespeaks on Happy Hour Hustle to talk about what workplace authenticity really means. Alyshia is a New York-based freelance journalist who writes for Business Insider, Fast Company, USA Today, Inc., and Entrepreneur. If you are ready to bring your authentic self to work, episode #134 is for you. 

Listen to Happy Hour Hustle on Spotify, Apple Podcasts, and Youtube. Link in bio.
The power of the Women's Entrepreneurial Fellowship, in a graduate's own words:

"Growth is never accidental, it comes from being willing to learn, adapt, and embrace change. After nine months of dedication, reflection, and business development, I proudly graduated from the Women's Entrepreneurial Fellowship (WEF) during the Small Business Association of Michigan Annual Meeting.

Throughout the program, I challenged myself to evaluate every aspect of my business, celebrating what was working while identifying opportunities for growth and improvement. The journey was made even more meaningful through the support of an incredible cohort of women entrepreneurs, the guidance of mentor Gina Jacquart Thorsen, and the leadership of bodespeaks and her team.

A sincere thank you to smallbusinessassocofmichigan for investing in second-stage women business owners and creating opportunities that empower entrepreneurs to build stronger, more sustainable businesses."

— Mary A. Barton, President and CEO of Equitable Accounting Solutions and proud WEF graduate.

Applications for the next cohort are now open. Link in comments.
"Out of failure comes growth – you have to see it as an opportunity." 

bodespeaks joined cuzzinjustin on the strictlyfromnowhere Podcast for an honest conversation about entrepreneurship, embracing your superpowers, and building a personal brand that's actually yours, the wins, the setbacks, and everything in between. And naturally, dropped an f-bomb or two along the way. You don't want to miss it.

Full episode in the comments 👇
AI doesn't treat every source equally; it trusts what's credible, cited, and current, like news coverage.

Showing up in the right places isn't just good PR. It's how the robots (and the humans) get you right.

Read the full blog at the link in bio.
"If you don't get up and grind every day, the needle isn't gonna move."

We sat down with brandonmccraney, founder and Master Blender behind olderaleighdistillery in Zebulon, North Carolina. Brandon spent fifteen years just thinking about whiskey before he finally opened his doors, and even then it took four more years, a dozen rejections, construction delays, and a global pandemic to get there. Two years later, Olde Raleigh had already won Best Micro Distillery in the US.

Check out the latest episode of Happy Hour Hustle, where Brandon shares what it actually took to grow a business through COVID, the military discipline that kept him going when everything else said quit, and how working with people turned out to be the hardest part of the job.

Listen to Happy Hour Hustle on Spotify, Apple Podcasts, and watch the whole episode on Youtube. Link in bio.
It's 9 months that is impossible to sum up in a video - but here's just a taste. 

This Women's Entrepreneurial Fellowship is resources, mentorship, and connections that you can't build anywhere else. We're so exicted for what the next cohort will bring.

Apply now at the link in bio.
smallbusinessassocofmichigan