5 End-Of-Quarter Questions for the CEO
As we come to the end of Quarter One — we know, our socks are blown off of our feet too — we want to acknowledge our incredible Printed Minters for their amazing businesses + their resilient, upbeat spirits. The world is a better place because you choose to put your work out into it! We also wanted to orchestrate a blog post today that could help our up and coming CEOs go into Quarter Two feeling prepared and ready to take on the world. To help, we’ve decided to compile a list of 5 end-of-quarter questions to ask yourself before jumping into the one ahead.
Without further adieu we have…
Question One: “Am I on track to reach my 2020 goals?”
To reach your larger goal it’s important to assess where you’re at each quarter. Remember: It’s all about those stepping stones! A simple “on track” or “off track” will do. If you’re on track, concoct a plan for how you’ll continue the momentum moving forward (if you don’t already). If you’re off track, evaluate why that may be, devise how you’ll get back on track, or a very possible reality, if you should pivot. We like to have goals, but are never married to them. Business, like life, is all about the journey!
Question Two: “Where did I spend most of my time?”
This one can be a real eye-opener if you realize you spent most of your time in areas that had nothing to do with your larger goals, or working in your business rather than on your business. That being said, things change and especially with the crazy Q1 we just had, try to give yourself some grace and move forward with a plan for change if necessary.
Question Three: “How is my team doing?”
Do you run a well oiled machine or could your team gel better? Make sure you’re regularly having 1-1 meetings with your employees and are checking in on how they’re enjoying their work, what they feel could be done better and any suggestions to make their job run smoother.
Question Four: “Where is my cash going?”
Analyzing where your cash is going is one of the most important jobs of a business owner. Do you have more cash going out than coming in? Are you spending way too much on an ad campaign that isn’t paying off? How about that one subscription you got last year that you haven’t touched all quarter? Still worth it?
Question Five: “What is one thing I would change about this quarter if I could?”
This is a great question to ask because it can surprise you. Maybe you’d bring on a team member to help with all of that email marketing you did. Perhaps you’d hire an accountant so you didn’t have to be in-the-books quite as often. It can even be something as simple as coming into the office an hour later. Ponder on this one and then create a plan to achieve the change.
Tell us: Do you have end of quarter check-ins?