Three months. Just ninety days. And it equals twenty-five. But this is sort of an apples versus oranges analogy. Because, for the twenty-five, I’m talking about percentage. Not months.
And three months equals twenty-five percent of twelve months.
OK, stay with me now. Because I’m gonna dazzle you with some mind-blowing math. Twenty-five percent equals one-fourth (aka ¼). And one-fourth is also known as a quarter. And you know what that means. Right?
Yeah! The end of this month marks the first quarter of 2022. Can you believe it?!
If you’re a business owner on a regular calendar year, this affects you. And it’s a great time to analyze last year’s performance. And just in case you wonder why it’s important…
Here’s few reasons to check last year’s numbers in your first quarter…
- You can make sure you have your current year projections in place.
- And you can make sure your current year budget is in place.
- You’ll be able to include line items for salary increases and incentive bonuses.
OK, here’s a pro tip I share with my one-on-one clients:
Set up a staff meeting so you can keep them in the loop. Because they need to know how your organization did last year, too. And they’ll better understand your expectations for this year. Want another pro tip? OK, how’s this? Don’t forget to prepare your employee Pay-for-Performance reviews and bonus structure. Especially if your company and individual employees met their goals.
I know it’s a bunch of extra work. But it’s all part of owning your own business.
And even if you don’t have employees, performance analyses and projections are still crucial. Because another three months will be coming up real soon. Of course, if what you do is more of a hobby, then never mind.
But if you want to turn your hobby into your business, or you wanna take your business up a notch or two this year, then let’s get crackin’. And, by the way, my RondaReady System can help you automate and delegate a lot of this work. Just tossin’ that out there to anyone who’d like to make it easier. There’s a link for you, below.