It is that time of the year.  July marks the half year mark and is traditionally the time to do your mid-year business review.  If you are a business professional who writes a detailed business plan, makes a financial forecast, and looks forward to meeting with your accountant each month, this blog is not for you.  However, if you are an entrepreneur who writes his business plan on the back of a napkin and lets his bank balance be his indicator of profit, you may find this guide useful.

First step is to review what you intended to accomplish.  It may be as simple as increase your revenue by $2000 each month, or increase the readers of your monthly tip newsletter to 500 each month.  Whatever you have intended to accomplish, write it down and then see where you are now.  This is NOT the time to beat yourself up with regret and remorse.  Regret and remorse do not move the action moving forward—they stop action.  This review is simply to determine what is so in your business as of July, 2014.  Simple and factual.

Once you have determined what is so, make a list of what you want to change or accomplish.  Brainstorm what actions you can take now to change what is already happening.  It may be that some things are just sitting there waiting for your attention, or that some things are stagnant and need a push to go further.  Usually you have potential clients who haven’t made a decision to buy whatever it is you are selling.  You may have forgotten about them, or decided they were duds.  Either way they linger on your potential sale sheet taking up space and sapping your energy.  Contact them one more time, and if they make no signs of buying your product take them off your list.  Set them free, and by doing so you will set yourself free.  You may be surprised.  Just last week one of my clients contacted a dud and the dud bought.  Either way close them or take them off your list.

This is easier than you thought, Right?  Make a list of what you wanted to accomplish in 2014; review the list; get into action with the stuff you forgot about or gave up on, and then make a new list of what you intend to accomplish by January, 2015.  Then get back to work with no regrets, just a resolve knowing that you do know what to do and how to do it.

In the comments below, let me know how you did with your mid-year review.  I look forward to hearing from you!

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