Reviewing your yearly business goals is crucial to assess progress, celebrate achievements, and realign strategies for future success. This comprehensive checklist will help you methodically evaluate your business's annual performance and set a course for the upcoming year.

1. Compile a List of Yearly Goals
2. Analyze the Achievement of Each Goal
3. Assess the Impact of Achieving Goals
4. Identify Reasons for Unmet Goals
5. Examine Financial Performance
6. Review Customer Satisfaction and Feedback
7. Assess Employee Performance and Morale
8. Review Market Changes and Industry Trends
9. Analyze Competitor Performance
10. Evaluate Operational Efficiency
11. Update Business SWOT Analysis
12. Set Realistic Goals for the Next Year

Compile a List of Yearly Goals

Gather all documentation related to the goals set at the beginning of the year for reference.

Analyze the Achievement of Each Goal

Evaluate the extent to which each goal was achieved and note any milestones reached throughout the year.

Assess the Impact of Achieving Goals

Review the effects that reaching your goals has had on your business, including unexpected outcomes both positive and negative.

Identify Reasons for Unmet Goals

For goals not fully achieved, identify the barriers encountered and consider how they could be addressed in the future.

Examine Financial Performance

Review financial statements and key performance indicators (KPIs) to gauge financial health relative to the goals set.

Review Customer Satisfaction and Feedback

Analyze customer feedback, reviews, and surveys to determine if customer satisfaction goals were met.

Assess Employee Performance and Morale

Consider employee performance reviews, retention rates, and team morale as part of your overall business health check.

Review Market Changes and Industry Trends

Stay informed about any significant changes in the market or industry and evaluate how these trends have impacted your business.

Analyze Competitor Performance

Compare your performance with key competitors to understand your business's competitive position.

Evaluate Operational Efficiency

Look into operational processes to identify any areas of waste or inefficiency and opportunities for improvement.

Update Business SWOT Analysis

Refresh your SWOT analysis (Strengths, Weaknesses, Opportunities, Threats) based on the latest business conditions and outlook.

Set Realistic Goals for the Next Year

Based on the review, set attainable and strategic goals for the next year, taking into account lessons learned and new opportunities.

Conclusion

A thorough review of your yearly business goals is key to ongoing success and strategic planning. With this checklist as part of a Bizway project, you can systematically evaluate your performance and plan for the future with precision. Bizway’s AI Assistants are ready to provide support, help you stay accountable, and ensure that your goal review is both comprehensive and enlightening. Prepare for a successful new year with Bizway as your business planning partner.