Ep 49: How to Do An Effective Year-End Review

Side Hustle Moms by Busy Mom Collective

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Episode Summary

With 2018 coming to an end, you've probably heard others talk about planning for the next year but before you start planning, you need to take a look back at this year and really look at the details so that you can look at the big picture! Today, I am walking you through a simple process to look back at your year. Here are four questions to reflect on when you're looking back at your year.
What went well in your business this year? What did you do that was a success? This could be things that were unexpected! One example for me was when I rebranded from Busy Mom Collective to Side Hustle Moms. I pivoted the business in March but I didn't pivot the name to match my new vision of what I had for my company. This was a big win for me! All of a sudden, people for finding the podcast because they knew what the podcast was about. Take a look and really take the time to look back at all of the wins no matter how big or small!
What didn't go so well? Did you run Facebook ads that didn't work out. Did you hire someone that didn't work out? What did you try this year that didn't work the way you thought. We tend to make this list a lot longer but I want you to think honestly and objectively and stay away from making judgments on yourself.
How are my finances? It's time to sit down and look at your books and it can be intimidating but it needs to be done! The reason this is important is because you can really evaluate where your money is going and if it's actually worth it in you current stage of business. Be sure to check out my budget freebie to help you on this task! https://side-hustle-moms.com/budget
Why? You can't just look at what went well, what didn't go well, and where your money is going. You have to ask WHY? Why did that went well and the other didn't? If you are racking in the money, why is that? What is it that you did this year that really brought in money. If you are in the red, why? Could that be because of the start up costs that is associated with a business and next year, those costs won't be there? Why is a very important question in any solid year end review.
- "If you're looking at next year without reflecting on this year, you're going to find yourself making the same mistakes." - Stacey Odgen

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52 episodes

#Business #Marketing #Productivity #Timemanagement #Fitness #Stacey Ogden #Self-Improvement #Entrepreneur #Moms #Mompreneurs