Reflect on 2022 to Plan for 2023

The end of one year and the beginning of another is the perfect time to pause and savor your successes. Spend time celebrating both your business and your personal accomplishments from 2022, month by month. Sure, it’s fun; but it’s also practical. Reflecting on your 2022 achievements can help form the genesis of your plans during 2023. You know what they say…a goal without a plan is just a dream

Whether you are expanding, launching a new brand, or maintaining the status quo, 2023 will be different than 2022. That means updating goals and making a new plan. Starting is always the hardest part, so begin by identifying one overarching change you want to achieve by the end of the year. 

Want more customers, higher cash flow, or a new worker? Focus on achieving that one change, then break it down into manageable pieces. Put those pieces together and you’ve got a plan to achieve it. Not sure how? Just follow these three planning tips to achieve your goals for 2023:

  1. Gather the Numbers

Quantify all the applicable aspects of your goals. This task will require some research and could entail making estimates and assumptions. For example, how many more customers do you want? Can you quantify the additional income and cost of serving more customers? What about how much a new worker would cost and how much additional income they could generate? The more numbers you can nail down, the better.

  1. Be Realistic

Keep market conditions and your resource capacity in mind when setting growth and other goals. It’s important to be realistic to ensure that your goals are achievable. Setting unrealistic objectives is not only discouraging, but it can also result in allocating resources – aka time and money – on activities that are unlikely to succeed. Better to target those resources on realistic, achievable goals.

  1. Adjust As Needed

No matter how well you research the numbers and focus on what’s realistic, any view of future events is imperfect, as we’ve seen with COVID-19. Market conditions and other factors that you depended on when setting your goals could change. Periodically assess progress on meeting your objectives. Are you on track? Why or why not? Based on those answers, you may need to make some adjustments.

The end of 2022 is the perfect time to reflect on and savor your successes, then use that warm feeling to plan your achievements for 2023. Don’t let your goals turn into the dreams you never achieved. Follow these three planning tips to establish a 2023 plan to turn those dreams into your reality.