BuildingAccountability

TIME REQUIRED20 Minutes

essential previous learningAction Plan, Introduction to Business Planning

Review to Succeed

Create a review system that works

Key learning outcomes:

  • Learn that conducting regular reviews will ensure your business remains profitable.
  • Explain the benefits of yearly, quarterly, monthly and weekly reviews.
  • Recognise the need to identify both the positive and negative outcomes during a review.
  • Acknowledge that targets should be reasonable and achievable, and that goals can be revised if necessary.

Article:

To keep you and your business on track, it is important to stop and review your progress regularly. Some people use a business coach to help monitor their progress on a weekly or monthly basis. However, with some discipline it is something that you can do yourself. The key is to have a system in place to ensure you are checking the right things at the right time.

In this article we will take you through what you should be monitoring and how often. You can use this information to review your own and your business’s progress and results; you can also share it with your team.

Yearly review

A yearly review is designed to give you an overall picture of your performance. It is often done either in December or January; however, it can be completed effectively at any time of the year. To complete this review you need to give yourself plenty of time, and you might like to include your key team members in the process. The yearly review is designed to look at the bigger picture and should focus on how well you performed in line with your overall vision and goals. Here are some tips for conducting the review:

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