Many businesses find the year's end the best time to strategize

End of year reflections

When it comes to the end of the year, many business owners do a lot of reflection. It’s a great time to sit back and take stock in how productive a year has been, whether or not goals have been achieved and how the coming year’s performance is projected. Tweaking a business plan is the perfect way for owners to get back on track with their goals and take the changing market into account. One of the biggest advantages to reflecting during at the end of the year is it’s tr! aditionally when the market slows down. The Christmas season stretches most people's budgets and slows down commerce. It's that slowdown that affords business owners the opportunity to regroup.

One business owner’s predicament

Amber O’Neal owns Café Physique LLC in Atlanta, Georgia. The company has been around since 2006 and it offers clients nutritional and fitness coaching. Though she began as an in-home consultant, O’Neal opened a small fitness studio in 2008 when her business flourished. Once the recession hit its highpoint, however, she was forced to reassess her business model. She confirmed that in 2009, “everything slowed down.” The good news was that for the most part, her in-home clients maintained their schedules. On the down side, her studio was “losing thousands of dollars every month.” In the end, her decision was to transition back to an in-home consultant and work on that aspect of her business, rather than force a dying studio. … click here to read the rest of the article titled “Many businesses find the year's! end the best time to strategize“