Why you need to step back and reassess your business

by Aug 12, 2020Business Development, Personal Development

Regularly reviewing your business is an important strategy for any business owner. It’s a time to check you’re on course for your goals and it highlights early, whether you need to make course corrections in your direction. However, there are also situations that occur in your life that will also bring on this need to step back and reassess your business. 

Take lockdown and the COVID19 pandemic.

For many, this period of uncertainty has given them a timeout to reassess their dreams and desires. For some, it’s highlighted a need to change direction, alter plans and even change careers altogether.

And that’s why you need time to step back and reassess your business – you don’t know what’s around the corner and you don’t always know how you feel, until you stop and feel it.

How often should you reassess your business? 

Lockdown has made a lot of us reassess what’s important, but that’s not the only time you should reassess your business. It’s something you can do whenever there’s been a change in your circumstances, whenever you feel yourself falling out of love with what you do, and whenever you want to check you’re on the right track.

Reassess your current situation

When you take a step back to reassess your business, start by assessing your current situation. How many days do you spend doing what only you can do? How often are you repetitively coming up against the same problems? Should you be delegating to your team? Is it time for you to drop the admin and focus on billable hours? What are you currently doing, that isn’t enjoyable for you?

Take yourself through the following three steps, to help decide what your next move will be.

Step #1: Notice what’s coming up for you as you reassess your business

When you think about your current situation, how do you feel? Does it make you feel stuck, lacking in energy or motivation? What feelings do you currently have around your business?

Step #2: What can you automate?

As part of moving yourself forward, can you automate anything you’re currently doing, to lighten your workload? Are you doing tasks you need to do or are there tasks you can delegate to others? Do you need to Declutter and review your systems and processes?

Step #3: Manage your schedule

If you want to make changes, you need to learn how to manage both your business and personal schedules. Check out these Google’s GSuite tips to help make diary management easy. Schedule everything in your diary, so you can sync your personal and business appointments and commitments together. Look at those long-standing diary dates and decide if you still need them. And block off regular time for yourself and for those activities you’d love to do more or (such as creating or learning). 

Schedule in regular times to step back and reassess

And take time out of your calendar to step back and reassess your business life. Look to make it a monthly or quarterly habit. You can tie it in with your normal business review, but just make sure you have space to step back and take a good look at what you’re doing and the plans you have in place.

For many, this period of uncertainty has given them a timeout to reassess their dreams and desires. But this something you should be doing regardless of what’s going on around you or in your life. So schedule in regular review time into your calendar. 

And as part of managing your schedule, why not look to start outsourcing some of the tasks on your plate?

The benefits of outsourcing versus doing it yourself include:

  • Freeing up your time to focus on what only you can do
  • Less overwhelm so you can actually move forward
  • Increasing efficiency & productivity
  • Someone in your corner to brainstorm with, someone who can be proactive and make decisions

A virtual PA can be your ideal solution and someone who is more than just the services they offer. As one of our clients recently said:

“Our relationship with Sandy goes back many years and we are so happy you do what you do.  You provide a modern and efficient approach to support that I recommend to everyone”

Get in touch and let’s discuss how we can help you have the space to reassess your business, but also to implement any new changes you’d like to make.