{"id":18908,"date":"2020-07-22T13:30:04","date_gmt":"2020-07-22T12:30:04","guid":{"rendered":"https:\/\/stephaniesmolders.com\/?p=18908"},"modified":"2022-12-25T15:06:06","modified_gmt":"2022-12-25T14:06:06","slug":"mid-year-business-review-how-to-prepare-for-the-second-half-of-2020","status":"publish","type":"post","link":"https:\/\/stephaniesmolders.com\/oldwebsite\/mid-year-business-review-how-to-prepare-for-the-second-half-of-2020\/","title":{"rendered":"Mid-Year Business Review: How to Prepare for the Second Half of 2020"},"content":{"rendered":"

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Can you believe it\u2019s been six months since we welcomed 2020?? For most of us, those 181 days might have been spent in our homes due to Coronavirus. Many businesses were hit by the sudden downturn of the economy but I can\u2019t help but feel that July can be a fresh beginning. Mid-Year Business Review<\/span><\/span><\/p>\n

Whether you want to restart your business or you\u2019re powering through, make sure to still find the time to do a mid-year business review. Here are three things that will help prepare you in your entrepreneurial journey before 2020 ends.<\/span><\/p>\n

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Do a Business Audit<\/b><\/h2>\n

Take this time to look through your processes, income streams, expenses, and your business plan. Since this can be a long process, we\u2019ll divide it into two quick questions that can span most sectors of your business:<\/span><\/p>\n

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\u201cAm I targeting the right client base?\u201d<\/b><\/p>\n

This boils down to your message. Are your mission, vision and values aligned with the kind of clients you\u2019d like to attract? Are your visuals consistent? If not, it\u2019s time to reflect more on how you brand your business.\u00a0<\/span><\/p>\n

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\u201cIf I compare the number of discovery calls\/customer outreach\/online engagement with the number of deals I was able to close, did the latter make up for the time I spent on the former?\u201d<\/b><\/p>\n

In other words, did the revenue and number of clients you\u2019ve had in the past six months make up for the hours you\u2019ve spent on client acquisition? If you dedicated more hours into pitching and offering freebies but didn\u2019t convert much, it might be time to look at your:<\/span><\/p>\n

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