I spent the last week of October doing my 2018 business planning. I’m not talking about creating or updating my business plan. I’m talking about my plans for action and growth in 2018.
I planned for 2017 but I got a late start, and I felt like I was behind the 8-ball. This year I joined Amber McCue’s Planathon and started my planning early. I even adjusting my quarter four 2017 action plan so I could flow into 2018’s plan seamlessly. If you haven’t planned for 2018 yet it’s time to get started!
I’m going to walk you through the steps I took to create my 2018 plan and I’ve even created a business planner you can grab fo’ free at the end of my post!
Your Focus Word
Your focus word is one word that encompasses everything you want to accomplish this year. Picking a focus word helps you remember what you’re hoping to achieve in the year ahead. It also serves as a guide when it’s time to set your big goals for the year.
My focus word for 2017 was GROW. During 2017 I moved from year one to year two of owning my own business. I was still learning the ropes of entrepreneurship and building my business so grow fit perfectly.
When I was trying to think of words for 2018, I knew it needed to be close to grow but 2018 needs to be more about more than growing my business. I had a hard time thinking of a word. For I while I thought maybe productivity would be my word. I’m a natural born procrastinator, so productivity is always a goal for me. The word didn’t feel right for what I want to accomplish this year though.
After much thought, I finally settled on THRIVE. When I think of my words from 2017 and 2018, I picture a garden. Year 1-2 I wanted to survive and make it past the seedling stage. Goal accomplished. Now that I’ve made it past the seedling stage I want to grow vigorously!
Now that you’ve selected your focus word it’s time to figure out your big goals for the year. What do you want to achieve in your business by the end of the year?
I started by thinking of the one thing I want to achieve this year. My one thing is a revenue-related goal but your big goal can be anything your business heart desires. Next, I listed four things that would get me my revenue goal for 2018. My revenue goal and list of four things to get me there make up my BIG goals for the year.
90 Day Planning
One of the most useful things I’ve learned since starting a business is how to create and utilize 90-day planning in my business. Creating a 90-day plan for each quarter keeps you focused on the small goals and action steps you need to take to get to your BIG goals.
Staring with Quarter 1 I listed smaller 3 or 4 smaller goals that would get me one step closer to my four bigger goals. After I set smaller goals I listed actions steps I need to take during the first, second, and third months to make those smaller goals happen.
For example, one of my big goals for the year is to publish my first business operations related book. So my quarter one smaller goal is to have my book ready to publish. Some of my the action steps to get me to the ready to publish goal include hiring a professional editor, designing the cover, designing the interior pages, and researching book launch strategies.
A Video and Your Free Business Planner
I talked about my 2018 business planning experience on my YouTube channel this week if you want to check it out. Don’t forget to grab your free business planner so you can get your business planning on.