The 4 Steps of a Quarterly Review

It's that time of year when the first quarter is coming to a close. Here at The BWC, we recommend that you get into the habit of doing a Quarterly Review. Here are the key steps on how to accomplish one.

1. Look Back to Move Forward
Look at what happened during the first quarter. What were you able to accomplish? What would you have done differently? What worked well? How did you do on your financial goals and measurables?

This is your chance to learn from your first quarter and set the tone for the rest of your year. So take the time to think through what has occurred. 

2. Review Your Vision and Goals for the Year
Whatever tool you use, like the VTO or the Personal Road Map, you want to take a few minutes at each Quarterly Review to look at your vision and long term plans to make sure you are still committed to it. If not, now is a good time to make any changes.

It's also a good time to rebalance your work for the rest of the year. The first quarter is important, because you are committing to the goals you have laid out for the rest of the year. If there is anything in your goals that you do not feel you can commit to - change it or eliminate it. 

3. Establish Your Next Quarter's Priorities/Projects
Now it's time to set up the big priorities/projects that you will get done in your next quarter. These priorities should tie back to your goals and if accomplished, will help move your business (or you) forward. 

At The BWC, we've started laying out each goal's quarterly priorities out for the year and adjusting each quarter as needed. This view gives you a chance to balance out your work and timing for those priorities.

4. Execute and Repeat
Every 90 days you should take the time to do a quarterly review, whether it is by yourself or with your team. Taking a little time out to review and adjust where you are going to spend your time each quarter will go a long way in achieving those goals you set to move forward.

Here's to a great 2017!