Conducting a business review does take time but, when it’s done well, the value gained with each review compounds over time.
So it’s a wonder this practice isn’t a quarterly ritual within every business from coast to coast.
As a retail professional and business owner I find it valuable to pause and reflect on the recent past. This week I share an effective and bare bones approach to taking stock of your year-to-date.
As you watch this week’s video, pay special attention for these important components:
- The Merchant Method approach to project and product management by quarter.
- Shifting the business review process from a task or chore to a strategic tool.
- Recommended business review frequency and how this aligns with your business.
- Review of the six assessment areas
- The four questions that can be asked about each assessment area.
- Best practices and pitfalls when conducting a business review.
- How to identify common themes that could influence future business strategy.
Take some time to reflect right now and then comment below!
You’ll also like these resources:
Secrets to Making Profitable Decisions
The Four Phases of Your Revenue Journey