At this time of year, we tend to look back over the last year, at least, and contemplate how far we’ve come. Like a “before and after” photo. It’s a measurement of sorts, helping us take stock of the success of our efforts. If you want to know where you’re going, you have to look at where you’ve been. We decide, then, if we want to stay on the same course or change direction.
In business, it’s not a bad idea to take stock every now and then, to focus in on what the business was doing six months or a year ago and what it’s doing now; a sort of analysis of the past and projections for the upcoming year.
In our own business, Kroma, we have come a long way in a few years, from a back room rental with a few clients to an office in Southern Johnson County with a large client list. Our CEO, Richard Rose, will be sharing his “State of the Company” in next week’s weekly blog. In taking a look at the past year, we are able to appreciate the current situation, that we’ve, indeed, come a long way.
What about your business? Have you taken that long look back to see the progress in your business plan? Here are some questions to contemplate:
- What was first quarter of the year like in your business?
- How was the staffing—number, productivity, morale? Did it change over the year? How so?
- Was there a generated ROI? How did you track it? How did it change if it did?
- Was the income to outgo ratio balanced? If not, why not? What was out of balance?
- How did your projections turn out? Did you come under them, meet them or exceed them?
- If you had to change anything from this last year, what would it be?
- What have you learned from last year that you definitely will apply to this year?
Share with us some of the ways you’ve improved in business—maybe we can all learn from your “Then and Now.”