Four Questions to Ask Yourself As a Business Owner Every Quarter

Four Questions Every Business Owner Should Ask Themselves Quarterly

As a business owner it is important to check in with yourself regularly regarding your business and yes, your personal life. It all needs to align to feel authentic for ultimate success.

A few questions to ask yourself every 90 days ~

1. What am I doing well & what is working right now?

Evaluating what has been working in your business over the last 90 days is key for success.

Look at these areas:

·  What marketing efforts are providing results

·  Where is most of your revenue coming from

· W

hat services in your business are getting the best feedback

Once you answer these questions you can focus your time and effort on what is creating the most profitable and efficient results.

2. What is taking unnecessary time?

Are there certain tasks that you are continuously putting off or are you spending too much time on tasks like social media?

Do you spend your time on daily tasks creating time sucks in your business? Spend a week tracking your time in 15–30-minute blocks each day. You can do this on paper, a calendar or a spreadsheet. This will give you an idea of how well your time is managed around your to do list items.

With this strategy, you will find the tasks that are energy vampires. The ones that cut into valuable time you could be spending on revenue generation. It may be worth looking into outsourcing these tasks or removing them if they do not serve the bottom line or your goals.

3. What are my priorities for the upcoming 90 days?

Make your goals clear. If you want to bring on two new clients this quarter or complete training to further your knowledge, or create more of a work/life balance, setting goals will give you a clear plan.

Start by writing down your priorities. Evaluate the time commitment and if your goals are realistic over the next 90 days.

Create your plan. Then write out the daily tasks needed to stay organized and on track.

This detailed plan is what will make your goals possible over the next quarter.

4. Is my pricing aligned? Are my values aligned?

Spend time looking at your profitability and stay informed on the market rate for your services.

Have you expanded your knowledge and experience since starting your business? If so, it may be time to evaluate your current pricing.

Has your cost of goods increased creating more overheard for you? It is worth taking the time to evaluate your expenses and compare that number to the income you are generating.

Ultimately, you should consider these strategies every quarter to stay competitive in your chosen field and to generate more revenue as your business grows.