Let’s face it, Q4 and the holidays, in general, are the busiest time of year. On top of that, we try to plan our top priorities and timelines for the year ahead. In reality, we often find ourselves running the extra mile to complete what is already on our plate before year-end.
If you are experiencing something similar, do not feel guilty about not having it all together before midnight on new years eve! So much can be accomplished when you return from your well-deserved vacation – it is all about balance. In this post, you will learn tips on making the most of your couple of weeks back at work after the holidays and how to get back to the grind.
Much like the frantic feeling you have before the holidays, it is super common to feel that same way going back to work in the new year. You may have a few loose ends that need wrapping up, or a project is still in motion. Add your goals for the new year on top, and it is easy to feel like a mountain of work. Instead of feeling pressured to complete everything at once, start small. Do this with simple tasks, such as checking our email inbox or orders received over the holidays. While these tasks are smaller, they often are not allotted a designated time to be completed, which adds to the stress. Instead of trying to finish everything you need to do at once, take some time to get back in the swing of these by tackling some easy wins. Allow yourself to recap on where you left off before the holidays, bringing you back-up-to-speed.
Many hands make light work
Another recommendation is to delegate, delegate, delegate! Do you have a team that you can loop in to get some of those pesky tasks off your to-do list? Maybe it is doing a remaining inventory count or re-organizing the office working space. For tasks that do not need specific expertise, involve your team – as the saying goes, many hands make light work.
Review your financials
Now that the basics are off your list, let us dive into ways you can ramp up for the new year. We will start with a key recommendation of reviewing your previous financials! Reviewing your financials will help you identify where you did well and new areas you may want to focus your attention on.
For example, your cash flow statements can help you identify how much you spent the previous year and in what areas. A revenue statement can give you insight into the areas that thrived. Lastly, a balance sheet or inventory statement can indicate if you have too little or excess inventory and if purchasing needs to be adjusted. With all of this information, you can determine what products or services performed, if seasonality came into play, and what will move the needle for your business in the year ahead.
Set your foundation
Now that you have a much better idea of where to focus your time, energy, and resources in the year ahead, it is time to set timelines. While it is good to not apply too much pressure on yourself the first couple of weeks back to work, it is best to have a solid plan for Q1 and use this time to set the foundation for the year ahead. From your findings from your financial review, what needs to be addressed to help your business scale? This could include hiring more staff, implementing new technology, or changing your pricing strategy. By doing the heavy lifting and completing tasks with dependencies, you can truly set yourself up for success for the remainder of the year.
New year, new possibilities
To sum it up, taking the proper time to get back into the swing of things and forming a strong plan with clear goals is the best way to maximize a new year.
If you’re looking for additional ways to hit the ground running in the year ahead, hiring a bookkeeper can help. Take a look at this blog post to see what hiring a bookkeeper can do for you.