2020

Believe it or not, it’s already time to plan for 2020. For most companies, that process begins in August. Here is a typical schedule:

August – Begin with a simple leadership survey on performance YTD. Next, have your accounting team prepare a financial forecast based on historical trends. Then work with Leadership and/or the Board to establish key performance goals (sales, staffing, expenses and key performance indicators). Finally, you’ll want to schedule a date for the annual planning meeting between leadership and middle management.

September – Hold your annual planning meeting and share your leadership goals. Have your departmental managers come prepared to present their goals for 2020 with subsequent feedback from leadership and peers.

October – Finalize and distribute the 2020 strategic plan to the management team.

November & December – During these months, give employees time to prepare their individual goals in support of the annual plan for 2020. These goals should become part of their performance reviews.

Need help implementing? Contact us at TrentonConsulting.com.