DID YOUR Q1 PROGRESS-TO-GOAL REPORT FEEL MORE LIKE AN APRIL FOOL’S JOKE? IF Q1 DID NOT GO ACCORDING TO PLAN - WHAT’S NEXT?

The end of 1st Quarter is a key opportunity to take stock of progress-to-goals in the new year. Assessing an organization's goals after the end of the 1st quarter and adjusting is an important process to help ensure that your organization stays on track and achieves its objectives for the rest of the year.

If your quarter did not go to plan, this is a great time to reassess goals and adjust:

?1. Review Goals: While this may seem self-evident, here is a piece of old wisdom: Be careful what you ask for…?you might just get it.?Does the portfolio company have healthy leading and lagging indicators??How well do they really clarify what success looks like for the company??

?2. Analyze Performance: Metrics and collected data are little more than a waste of time if the team doesn’t mine the information, conduct sober problem-solving reviews, and act.?And we don’t need to change the world all at once! At The ProAction Group, we often console our clients that changes in one or two key areas can lead to big gains and make a big impact to the bottom line.?A conservative approach to improvements is easier to implement and contribute to sustainable change, as well as incremental gains.

?3. Identify Roadblocks: Look for any roadblocks or obstacles that may be preventing the organization from achieving its goals. Consider factors such as resource constraints, internal processes, or external factors such as market conditions. ??Perhaps the roadblock is a poor leader or a poor advocate for change.?Sometimes an organization can benefit from an interim leader to bring stability, continuity and leadership as new processes are being put in place. The ProAction Group is often called upon to provide such leadership in conjunction with assessments that explicitly map out what needs to change to hit financial targets.?

?4. Adjust: Based on the results of the assessment, adjust the goals or strategies as needed. This may involve increasing resources, changing processes or procedures, or modifying the goals themselves.?Be armed with data and passion to win the next three quarters.?It can be tempting to lower expectations vs. accelerating the pace with additional resources.?The PE world provides extra incentive with the eventual monetization of the value created at exit!

?5. Communicate Changes: It's important to communicate any changes to the goals or strategies with all stakeholders, including employees, customers, and partners. This helps to ensure that everyone is aligned and working towards the same objectives. Celebrate wins and report on areas to address.?This transparency nurtures a problem-solving culture!

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Do you have a portfolio company that is underperforming and need help determining the problems and solutions quickly to get earnings back on track?

Do you need interim leadership to work with the existing team to guide them through operational improvements?

Contact The ProAction Group at www.proactiongroup.com to learn more about how we can assist your organization in achieving a successful 2nd, 3rd and 4th quarter!