Review the past year and plan for 2023

News article image

Conducting a past-year review of your business can provide valuable insights for this year's goal-setting. What will you do differently this year to enable your business to thrive and reach its goals?

What are your businesses goals for the year ahead?

The beginning of a new calendar year is an excellent time to review the year just finished and reflect on what worked, what didn’t, what you’d like to change and new things you’d like to implement.

Last year, there were inescapable impacts on businesses, with some thriving, others failing, and others just getting by. So what kind of year was 2022 for your business?

Take the time to review the year and acknowledge all that has happened, good, bad or indifferent. Examining the year objectively can provide valuable insights to prepare for this business year. Planning and goal setting will help provide a focus for your business efforts.

Your yearly business review

  • What were the most significant impacts on your business in 2022? How well did you meet the challenges?
  • What worked well last year? What systems, technology, products or services were successful?
  • What accomplishments can you celebrate?
  • What situation, event or experience provided the biggest learning opportunity?
  • What is the biggest challenge or frustration you face as you prepare for 2023?
  • What did you most enjoy during the year? Do more of it. What did you least enjoy? Do less of it!
  • Analyse your financial reports. Are you earning what you’d like to? Is the business sustainably profitable?

Get ready for a great year

While there are many metrics you could evaluate to track business performance, we’ve given you just a few ideas to inspire your business planning for 2023.

If you’d like to chat about what you can do differently this year to enable your business to thrive and meet its financial goals, contact the ilumin team today or check out our business planning services which may be a great fit for your business to help reach its 2023 goals.