Q3 is here and it’s time to make moves! This is a pivotal time to reflect on your business. Here are my tips for mid-year review:?
- Review all department annual plans that were created at the top of the year. Are you tracking toward your revenue goals and KPI’s?
- Ensure you’re meeting with key leaders and stakeholders across your business to get their point of view regardless of the answer and get a pulse on the morale of the team to see how you can help encourage if you aren’t on track and continue supporting if you are!?
- Have skip levels with junior members of your team who you don’t meet with often. Focus on listening and asking questions.?
- Narrow in on your key business growth drivers by looking at your data. As the year progresses, there are a million different opportunities and paths that will pop up. While you shouldn’t be afraid to explore new avenues, use this time to re-center on all of the key business units and revenue streams that will help you hit your KPI’s and level up your business.?
- Think through employee performance and retention. Employees don’t typically resign during the summer so you have a few weeks to review employee engagement and ensure your top performers have great professional development plans for the rest of the year.? You don’t want to wait until October to start thinking about retention.?
- Start working through your 2023 goals and strategy. Starting early will give you enough time to build buy-in across your organization and identify any investments you need to make this year to hit your growth goals for next year.?
- Check in with yourself and your team and give them their flowers! We are all navigating through a turbulent world and political environment. Celebrate yourself, your team and your journey.??
How will you be conducting your mid-year review?
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2 年Great article. Adding my 2 cents: Leaders need to understand their company’s key growth drivers in order to create a successful strategy. A growth driver could be anything from a new product to a new market. By looking at your data, you can get a better understanding of which drivers are most important to your business. Start by examining your historical sales data. This can give you an idea of which products or services are growing the quickest. You can also look at customer data to see where your customers are located and what industries they come from. This information can help you target new markets for growth. Finally, analyze your expenses data to see where you could be saving money or allocating more resources. For example, if you’re spending a lot on marketing but not seeing the desired results, you might want to reconsider your strategy.
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2 年Love this!
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2 年Great breakdown Morgan, appreciate you sharing