At the end of each quarter its important for you to sit down and look a little more closely and the performance of your company. There will always be room for improvement, but overall do you like what you see? Is there growth?
Many companies already evaluate each quarter along with each year- others, however, they simply glance at the numbers and move onto the next quarter. It’s important that you take a little time and designate it to really looking closely at your numbers, goals and growth.
Each company can have their own way of evaluating their company, however, there are some major points that you should be sure to cover no matter what your evaluation format consists of.
1. Evaluate whether your planned goal met your actual numbers. But look more closely- did you exceed your plan or fall short? What factors effected these results (internal, external)? You need to be specific and ask yourself HOW you got there.
2. Hold a self-evaluation of your goals. Before starting each new quarter you should create several goals for yourself. Be sure to write down the goals and read them daily to help push you towards success. This also helps when the end of the quarter comes to an end and you have actual ways to measure your success.
3. Though revenue is very important it isn’t everything. A huge portion of your evaluation will be based around money and what your company generated in that quarter. However, this is only the start of things. You also need to focus on expansion, new products and services, personnel and profit.
At first creating these goals and making these evaluations won’t be comfortable, and they may seem a little awkward. However, over time you will become more and more comfortable with looking at what has happened during your quarter and even better at tracking goals and keeping score of important details.
