This time of year brings us office parties, holiday parades, family traditions and lots of food. It is the time of year when some of us throw up our hands and just accept that we will start again in January with healthier eating and exercise. There will be new diet books, diet offers, and specially priced gym memberships available for anyone who is ready to hit the reset button. So we look at our budgets and make a plan. It isn’t just our financial budget that we consider, it is how much time we can afford to budget toward our plan.
So, all this personal planning and budgeting ironically coincides with the planning and budgeting that has become a year-end business tradition. January isn’t just a personal reset button for individuals; it is often a reset button for manufacturers.
By December, manufacturers know what kind of year they have had. The question is, did it turn out the way you wanted it to? Did you stick to all the good intentions that you laid out in January when you hit the reset button? If not, what could have been done differently?
Just like with our personal goals, our professional goals can sometimes get derailed by a perceived lack of resources. It is time to hit the reset button.
Take time to consider what it is costing your business when you fail to address issues and continue with outdated processes, technology, and software. Investing in your business will result in a hard cost up front, but the long term benefit should more than make up for your initial cost.
As you look at your budget for the upcoming year, hit the reset button on the business issues that have been plaguing you. Do you need to add additional functionality to your existing ERP software, or is it time to invest in that ERP replacement project that you have been considering?
It is the time of year to decide how you want the upcoming year to look. It is the time of year to reflect on what worked and didn’t work, and hit the reset button.
For help with strategic planning, contact Godlan right away!