Success in 2024 Starts NOW!

As we dive into the second week of November, it is tempting to want to put aside the work and start getting into that holiday spirit. I know that for those of us in the family law field, traditionally November and December are a time where most of our clients go into "divorce hibernation" and except for holiday finagling, most do not want to think about their divorce for the time being. All that free time is how I learned that putting some effort into planning and preparing for the year to come during the end of year lull, could be a huge step toward success in the coming year and I encourage you to do the same. That's right, it's time to start building out your 2024 business plan!

Building a business plan as a dispute resolution professional for the upcoming year involves a strategic review of your current position and a forward-thinking approach to potential changes in the market. Here are some questions to consider to get you started:

1. Market Analysis:What are the current trends in dispute resolution, and how might they change by 2024? Who are my current competitors, and what can I learn from their successes and failures?
2. Service Evaluation:What services did I offer in the past year, and which were most in demand?Are there any new services I can introduce based on emerging market needs?
3. Client Feedback:What feedback have I received from clients, and how can I integrate that into my business model? Are there particular niches or client types I should focus on?
4. Professional Development:What new skills or certifications could I acquire to set my services apart? Are there industry conferences or networking opportunities I should attend?
5. Financial Review:What were my revenues and expenditures in the past year, and what are my financial projections for 2024? How can I adjust my pricing or cost structure to improve profitability?
6. Marketing and Outreach:How effective were my marketing efforts, and what can I improve? What new marketing strategies could I employ to reach a broader audience or target market?
7. Technology and Tools:Are there new technologies or software that could make my services more efficient or appealing? How can I leverage online dispute resolution platforms or other tech innovations?
8. Legal and Regulatory Changes:Are there impending legal or regulatory changes that could impact my practice?How can I prepare my business to adapt to these changes?
9. Risk Management:What risks does my business currently face, and what new risks might emerge by 2024?How can I mitigate these risks and prepare for unforeseen challenges?
10. Operational Adjustments:What operational changes can I implement to improve client satisfaction and internal efficiency?Should I consider new partnerships or collaboration opportunities?

Reflecting on these questions can provide a solid foundation for your business plan and help position you for success in the coming year. I am currently involved in working with all of my private clients very actively to create a step-by-step business plan for each of them so that when January 1, 2024 comes, they hit the ground running and are primed for success. If you want to know more about building out your 2024 business plan, stay tuned for Thursday because that's when I'll be back with the new season of Make Money Mediating and this week's episode will give you more tips and insights on creating your own targeted plan for success!

Are you looking for more resources to help you build your practice? Be sure to SUBSCRIBE to this NEWSLETTER and here are a few more ways I have to support you:

Subscribe?to?The Make Money Mediating Podcast

Work?with Me:?Susan Guthrie Consulting and More

Train?with Me:?Mosten Guthrie Academy

Get my?FREE Book:?Build the Practice of Your Dreams: One Month of Daily Tips for Finding Success

#businessplan?#success?#process?#mediation?#practicebuilding?#marketing?#linkedin?#newsletter?#coaching?#podcast?#mostenguthrie #makemoneymediating #mmmp