As the year comes to a close, it’s very easy for us to begin reflecting on our personal lives. Have we achieved that which we had hoped this year? Did we go out of our way to live by our values? How did our social life grow or shrink, and how close to our long-term goal setting did we come?
If you’re asking those questions on an individual level, it can be worthwhile to ask them in the context of your business life. Sure the financial year is not in sync with the end of the calendar year, but this can become an internal audit, something that you use to gauge if your direction is going in the right manner, how the decisions you have made will have impacted the rest of your firm, and where you may go from here.
When you can consider this thoroughly, you may be able to make a thorough analysis going forward, and come to some unique and worthwhile conclusions. With the following advice, you’ll see just how appropriate this can be:
Were Your Suppliers Competent?
We can often feel a direct sense of obligation and allegiance to our suppliers, because they are often those that help us construct the business output that we offer and sell. But were your suppliers competent this year? Did they deliver on time? Did your contract fulfill correctly? Were you offered a discount for bulk orders, or did you notice a price hike and decreased quality? Might it be that looking elsewhere, even if you’re satisfied, could grant you a better deal? It’s worth asking the question.
Did Your IT Function Correctly?
Did your IT function correctly? If so, fantastic. If not, then you may have a problem. It’s important to both consider and apply a solution to this as soon as possible, because even a slight vulnerability regularly sustained can mean real problems both now and down the line. This is where using services such as Intouch IT can be so thorough, because they are known for their cohesive understanding and development of the best, most custom security solutions to ensure network strength. If you can resolve this, you can truly sleep easier at night.
Job Satisfaction & Staff Turnover
Consider how your team has felt over the past year, and what issues or confirmations have been raised in your stead. Have you had a higher degree of staff members leaving a certain department once you installed a new manager into their position of power? Could it be that this has led to the recent exodus and requires further investigation? When you focus on the possibilities going forward, you can avoid the difficult considerations and instead move forward to the best ideals. This can help you avoid the awkwardness involved with certain measures, and may instead allow you to interface with your team directly, and learn just how the staff turnover was influenced, and how job satisfaction truly represents itself within your firm.
With this advice, you are certain to apply the end of year business reflects that can make all the difference.