S2E103 How to Review Your Business
The Brian Buffini Show
Brian Buffini
4.8 • 2.4K Ratings
🗓️ 29 December 2022
⏱️ 25 minutes
🧾️ Download transcript
Summary
This is the perfect time of year to review your business so you can hit the ground running in 2023. In this episode, Brian teaches why it’s vital to take stock of your business now so you can avoid mistakes, overcome challenges and win next year, no matter what happens.
YOU WILL LEARN:
· How to evaluate what worked well this year.
· How to look clinically at what needs improvement.
· How to perform a SWOT analysis.
MENTIONED IN THIS EPISODE:
S2E100, Opportunities Coming off my Bold Predictions
S2E91, Play the Promotion Game to Win with Bill Hampton
NOTEWORTHY QUOTES FROM THIS EPISODE:
“This is the time of year to make hay for next year.” – Brian Buffini
“Winners evaluate themselves in a positive manner and look for their strengths as they work to overcome their weaknesses.” – Zig Ziglar
“When you track things, it's a story of what actually took place.” – Brian Buffini
“Opportunity is missed by most people because it’s dressed in overalls and looks a lot like work.” – Thomas Edison
“Whatever's going on in the world, we're going to outgrow it; we're going to outperform it.” – Brian Buffini
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Transcript
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| 0:00.0 | Welcome to It's a Good Life Podcast where it's all about helping entrepreneurs think, feel, and do better. |
| 0:09.0 | Here's your host, Brian Buffini. |
| 0:14.0 | Well, the top of the morning to you and welcome to today's program, the last episode of the year and on top of a pretty active events schedule, |
| 0:23.0 | chairman of the board of the Buffini company and overseeing the largest business coaching company in America. |
| 0:29.0 | Along with a very active bride of 32 years, six very active kids and a couple of grandkids, been a busy year, been a busy year, been a good year. |
| 0:40.0 | And again, this is a great time of year to do that little bit of analysis. I've always, always made a lot of money during the holiday season. |
| 0:50.0 | And one of the reasons for it is sometimes I was working, one of the people weren't. But the other part of it was I always, always, always have reflected on this time of year. |
| 0:59.0 | I've really enjoyed it. I naturally do it. And it's nice. Once in a while when your natural predilections lead to some kind of productivity. |
| 1:08.0 | But this is just something I've always naturally done. And then of course, the more successful people I've interviewed and read and studied, they go, this should be a discipline. |
| 1:16.0 | Well, sometimes when your disciplines are natural, however, it's great. So this is natural for me. It might be new to you. It might be a new thought to you. A lot of times over the holidays, people are eating a little bit more, drinking a little bit more, enjoying themselves. And you know what? |
| 1:29.0 | Not the wrong with that. Especially as long as you're not taking a sup and getting in a car. And there's no reason for that anymore with ubers and everything else to be honest with you. |
| 1:38.0 | But the fact of the matter is, you should enjoy yourself and enjoy your family and your loved ones and go to a few parties and do that kind of stuff. That's what the holidays are for. And remember what you're working for. |
| 1:48.0 | But I would also say, you know, in amongst the bowl games and the parties and the presents and the giving. Hopefully you also take a little time to kind of set yourself up for the new year. |
| 1:58.0 | And next year, you know, I did our bowl predictions show. We've had a huge response to it. Probably our biggest listen to bowl predictions ever. And there were some great stats and insights and for people there. But there was also kind of like, hey, there's some headwinds ahead. |
| 2:14.0 | There is already a lot of information about bigger companies, letting people go, reducing size of payroll, reducing investment and reducing capital spend lots of things like that. Lots of talking about the interest rates and inflation and all those kinds of things. |
| 2:30.0 | And so this is the time here to make hey for next year. I mean, this is there's nothing you can do right this minute to make next year work. But you can sure avoid any mistakes from this year, translate into next year. |
| 2:44.0 | And then also prepare yourself for what's coming. And then you can actually relax again and enjoy your new years. And then when the new year rolls around, hit the ground running. |
| 2:52.0 | And so very, very important to do a bit of a business review. Okay. And again, I've three points for you. So first of all, you want to evaluate what worked this year. You always want to start with what worked. |
| 3:03.0 | And just so you know, that is not my nature. That is not my nature. My nature is to focus on what didn't work. Just like it is for most people. Where was the alleys, where were the frustrations? |
| 3:14.0 | Because we take the winds for granted. And it's one of the reasons why we sometimes I I talked about it a couple days ago. We don't enter into a state of gratitude. |
| 3:24.0 | As often as we should in our lives, because we take the good stuff in stride. And we tend to take a knee with the bad stuff. |
| 3:32.0 | And so evaluate what worked well. Then you're going to look clinically at what needs improvement, right. Remove yourself from the situation. |
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