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Here comes 2024!

The new year is upon us and now is the time to take stock of how 2023 went for your organization. Please note that I am not advocating for you to wait for end-of-year financial reports to be completed to begin evaluating how the year went. The reasons for this may not be obvious, but here are a couple of things to think about.

First, if we are truly being strategic in our thinking and actions, then the end of year financials are merely additional progress reports to be added to the monthly or quarterly statements. I’m not suggesting that profit and loss statements, balance sheets, and cash flow statements aren’t important, only that they are not the only representations of the success or failure of the organization.

Think about it; was 2023 a year successful in pursuit of the company vision? How many of your strategic initiatives are on track, and how many have fallen behind? Will the strategic plan require some adjustments, or is it still viable as it is? These are all questions (and there are many more) that should be asked and answered prior to the arrival of end of year financial reports. These are also some of the actions that lead to the positive financial results.

Let’s face it, when the financials do arrive, they often take center stage and it’s all too easy to forget about just about everything else. However, if a review of the organization has been completed ahead of time that can be added to the financial results, a more complete picture may come into view.Be sure to consider your entire operation when planning for a successful 2024, and don’t forget to spend some quality time with your strategic plan.


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