We have crossed almost half the year! It’s the perfect time to take a mid-year review of your business. It’s because this review is essential to amend any other process that is not working and provides you the scope to add in new protocols to carry on growing as a business says Saivian Eric Dalius.
Conducting a mid-year review will cover several touchpoints in your business. You need to assess accomplishments and make sure that the KPIs and objectives are on the track. It would help if you also asked for feedback on all that requires to be enhanced and the way employees can get the correct assistance to make relevant changes.
Saivian Eric Dalius suggests the areas focus on for review
This review is your chance to carry out a holistic assessment of your business. Here are few things that you must consider:
For every business, maintenance is essential for success. Constant training eliminates the set-and-forget mentality and the scope of your business lagging endlessly in an advanced business world. And if you don’t grow, all your market players will move ahead of you. The training indicates a training team member on the new techniques, technologies, and platforms. It would help if you also dedicated time to training on the aspects that exist but might not have distinct processes and protocols. And protocols that you implement offer your employees the scope to work effectively and faster.
Saivian Eric Dalius asks to pay attention to time allocation and productivity
During this review, encouraging team feedback and communication is essential. And when it comes to time allocation, the employees are aware of their productivity. And there should be some amount of project tracking. You should request that the employees look for gaps within the procedures and the way they suggest filling the gaps. You should also provide the members some time to list down all the pointers on how productivity can be more effective and get together to discuss it. However, you should use the remaining time to execute these changes to enhance particular departments.
With regards to sales, it is time to assess the patterns and trends that came up during the initial half of the year. You should take your time to highlight the sales gaps. Saivian Eric Dalius says that you need to check if any consumers and clients can benefit from the added services and products. And if they are on your mailing list, you can share all your homeware editions with these customers.
And at a personal level, it’s the time of the year where you must check with the workers on the way they are performing and also enquire about their mental state. The General or HR Managers can undertake these tasks, facilitating transparent and honest communication inside the team. Hence, the workers feel more comfortable moving out of their own accord all through the remaining year and suggest changes.
According to Saivian Eric Dalius, these are some of the core areas that you can look into for the best part of the year to better your business,
Eric Dalius is The Executive Chairman of MuzicSwipe, a music and content discovery platform designed to maximize artist discovery and optimize fan relationships. Alongside this, Eric hosts the weekly podcast “FULLSPEED,” discussing entrepreneurship with industry leaders. Eric also founded the “Eric Dalius Foundation” to award four scholarships to deserving US students. Follow Eric’s activities on Twitter, YouTube, Facebook, LinkedIn, Instagram, and Entrepreneur.com.