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Mid year business review self diagnostic checklist

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It's always a good time to review your business and activities. Mid year is especially a good time to review as it you have time to make the improvements that will ensure a great result for your business and keep you on track to success.

This self diagnostic checklist lets you measure your progress in objective and subjective ways, easily and fast.

Published in: Business, News & Politics
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Mid year business review self diagnostic checklist

  1. 1. MID YEAR BUSINESS REVIEW Lindy Asimus Business Coaching 0403 365 855 www.lindyasimus.com 1 Question Response Action Earnings target Did you achieve this Is this enough to make the business worth doing? What changes do you need that will lift your profit? Did you focus on all the things that only you can do? Did you delegate the tasks that anyone could do and don’t require you alone to carry out? Have you documented your marketing plan and worked it all year? Do you need to hire additional staff to become more efficient and effective? What worked well this year? What didn’t work well this year? Were all your bills paid on time including your payments to workers comp, super, tax etc?
  2. 2. MID YEAR BUSINESS REVIEW Lindy Asimus Business Coaching 0403 365 855 www.lindyasimus.com 2 Response Action Did you buy all the equipment you needed for the business to perform at its best this year? Did you allocate sufficient money to your marketing budget? Do you need to allocate more money to your marketing budget in the coming year? Have your costs gone up this year? How long is it since your prices were increased What is your breakeven point? Have your margins increased or decreased? Has your volume of sales increased or decreased? Has your average sale price increased or decreased? If costs have increased what action have you taken to compensate for this additional cost?
  3. 3. MID YEAR BUSINESS REVIEW Lindy Asimus Business Coaching 0403 365 855 www.lindyasimus.com 3 What triggers each price rise? Is the business trend going up or down in your business over the past 3 and 5 years? What are you most proud of achieving this year? What have you done to acknowledge and celebrate your success for this year? What changes will you make in the year ahead? Have you provided yourself with income protection Is your retirement saving on track to provide you with the amount you wish to accrue? What actions do you need to take to do so? Are you enjoying your work? What are three things that you would like to change in the year ahead that will allow you to be more productive and enjoy your work more?
  4. 4. MID YEAR BUSINESS REVIEW Lindy Asimus Business Coaching 0403 365 855 www.lindyasimus.com 4 Response Action Are you making progress and seeing results from promoting the business online Is the business engaged online using social media to achieve additional visibility for more sales? What other issues have you identified that you would like to improve? – Add your items below. Next steps to take

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