Your First Quarter Review Are You Awesome or Average?
First Quarter Review Are you Excellent or Average? The quarter of the year is over. How are you achieving your goals? How do you compare to your budget? In my last article I talked about how trading systems aren't just for big companies.You know what? Neither are goals and budgets. Large companies go to great lengths to create detailed budgets and detailed goals every year and compare their progress on a monthly and quarterly basis. Investors eagerly await the quarterly earnings release and share prices rise or fall. down based on the results. They only go into all those expenses and issues for a real reason.It works. Great companies rarely deviate from the tried and true. They set goals, budgets and regularly review them with their budgets because the successful companies before them have done so. successful, but it certainly increases your chances of success. That is why you are reading this.To increase your chances of success. So here's your tip of the week. If you don't have goals or a budget, drop what you're doing and create them. If you have goals and a budget, stop and take a look. Ask yourself these questions:How are you doing this year so far? are you good or average What can you say about your results? What works and what doesn't? Where do you need help?What successes can you build on? Now it's time to consider what adjustments you need to make to continue your gains or cut your losses. It's also a good time to review your estimates for the rest of the year. Don't stop just checking the numbers. Now it's time to review your action plan as well.Where do you need to improve and where do you need to cut corners? Take another look at what works and what doesn't. Don't have an action plan? Now would be a good time to create one. I only receive goals and business plans for youUntil now. An action plan ensures that your goals and budgets work. Does all this sound like a lot of work? I'm sure you do, but it's time and effort that will pay off tenfold. Only if you know where you're going and then compare regularly can you be sure you're getting where you're going.Otherwise you could end up like Alice in Wonderland. Alicia: Would you please tell me which way to go from here? The Cat: It very much depends on where you want to go. Alicia: I don't care where. The cat: Then it doesn't matter which way you go.
