Last week’s Facebook Live Q&A focused on getting ready for 2017. This can be an overwhelming time for many entrepreneurs as they close things for the year and get ready for the next. Let’s have a look at the three major spots to hit, and simplify them so you can get them done.
1) Financial Planning
I know I just made you squeamish. I’m sorry! Does it make it better if I provide you with a super awesome spreadsheet that allows you to simply fill in the blanks? Yes? YAY! Go to the Resource Library to download it.
Financial planning is simply using this year’s numbers to predict next year’s budget. This way you can plan for savings and growth. By savings I mean your savings so, when you hit that yearly dry spell (that everyone has), you’re not stressed. By growth I mean hiring that new superstar to make your business dreams come true (don’t we all want one?).
Start by downloading the spreadsheet below. You’ll see some numbers already entered in — they’re to show you how the spreadsheet works. Delete a number and see how everything else changes.
From there, start by entering real numbers into the spreadsheet. Start with the cash you had on hand at the start of last year. You’ll only need to add it in Month One — the rest will auto-generate (though you can make changes). Begin entering monthly income as well. Finally, enter monthly expenses near the bottom. Watch as the numbers auto-generate to predict the flow of your year.
2) Set Some Goals
I know everyone is telling you to set new year goals. So is pretty much everything else in life — that’s what the new year is all about, right? Well, I’m sorry you may feel pressured, but I’m not sorry you’ll be setting goals. Here’s an easy way to break them down, as seen in the Passion Planner (my favorite planner… which I talk about so often I probably should buy stock).
Goals could be as simple as ‘finish that course’ or as complex as strategy for growth. Consider partnerships and community involvement as you brainstorm. Once you have a single goal broken down, add its milestones into your calendar for next year. If you’re ambitious, add more than one goal and its milestones!
3) Get Ahead
Now is the time to get ahead. We shut down halfway through December in order to stay sane, which makes it the perfect time to work on the things I never have time for. What could you be doing to set things straight for 2017? Get ahead on blog posts, make those phone calls, have coffee with people you met at a networking event. Everyone’s list is different, but I know there’s at least one thing on yours. Take care of these things now so you can hit the ground running in January (instead of faceplanting).
2017 is just around the corner! How are you getting ready?