OK - I know.... we are all over 2020, and collectively wish it could be over sooner - but is 2021 going to be that much better?
There is light at the end of the tunnel for sure, and there has been serious adaption already - which is amazing.... now we need to stabilise that rushed adaption, expand on it, and continue to grow.
New Year - new start - right? I like to think of it as a great time, just to reflect on the past year - what worked, what didn't? then learn from that. Revisit your strategy - short and long term. (I will be sharing my 5 days strategy pointers in early Jan!)
Health check employees
This is the time of year that employees are expecting their annual reviews. Be reflective, as a leader. how have you supported them to enable them to succeed in 2020? Did they have all the tools needed? When you talk with them, ensure it is in the correct environment, but make it a two way conversation, listen to what they think went well, and what do they need more support on......
How financially secure is your business?
You know that I am all about cash health.... so check out my previous blog for details on that.
Revisit your contracts
Do you have tenders coming up? As the way we do business in some sectors has changed significantly, should you be revisiting the T&C's of your contracts with suppliers?
GDPR & Security
What do you do with client data? Are you storing it properly? Are you using the data to its most advantageous? Are you compliant with legislation? Is it secure? Time to do an audit? Get off excel and formalise your data process in this digital age.
There is probably a chance that you had to adapt your business quickly in 2020. Now is the time to revisit this, to see how it can be stabilised and improved. Think LEAN methodologies (don't get scared of the term!) which can streamline some of your processes, ultimately improving cash flow and profitability.
The list goes on.... but the above is a good start.... basically its time to reflect and think. Revisit your strategy and aim for the stars!