How Not to Plan Out Your Next Quarter - Deepstash
How Not to Plan Out Your Next Quarter

How Not to Plan Out Your Next Quarter

Curated from: inc.com

Ideas, facts & insights covering these topics:

4 ideas

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Creating a quarterly plan is a skill

Creating a quarterly plan is a skill

A good quarterly plan can help your business move forward faster than you thought. But, creating a good quarterly plan is a skill.

Most business owners may struggle to create a plan that is

  • practical, andĀ 
  • considers their team's strengths and weaknesses.

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Don't have time blindness

You may not have a realistic idea of how long certain tasks will take on your strategic plan. Consequently, you may either over commit or under commit.

  • Understanding how long tasks take will help to create a more balanced plan.
  • Consider spacing out your deadlines, as putting all your action items at the beginning of a quarter may make it much harder to complete.

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Don't procrastinate

Don't create your quarterly plan at the last minute. Instead, start working on your quarterly action plan in the middle of the previous quarterly.

Once you've created a quarterly plan, remember to share it with your team and take action on the items at the start of the quarter.

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Don't be vague

It's easy to have vague goals and then use them to excuse why you couldn't reach your goals.

Instead, be clear on what you want to achieve. Ensure to quantify it. For example, instead of saying "I want to increase sales this quarter", say "I want to increase sales by 22%."

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IDEAS CURATED BY

tammyki

Visual merchandiser

CURATOR'S NOTE

Common pitfalls to avoid when planning your next quarter

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