Eyes on Your Business Weekly & Monthly

As a business owner, I recommend you have regular company reviews. Weekly, monthly, bi-annual, and annual collections of information lead to positive, effective reviews. Weekly you should enter the hours for you and your employees, your billing and invoicing, tracking information on inventory, pricing, sales, and anything specific to you and your business like your social media or marketing initiatives. Time management when it comes to keeping your eyes on your business weekly means clearing your desk, to-do list, and inbox messages so that your monthly reviews can be easily managed.

Monthly, get eyes on your profit and loss statement, understand what the information you've gathered for the last 4 weeks is telling you. Did you lose money? Were you profitable? Is your business in its downtime because of seasonality? Also, this is the time to review your payroll and ensure everyone was paid and paid correctly. Monthly you should also review your tracking information to ensure employees, inventory, or whatever you're tracking is on target. Time management when reviewing your business monthly includes updating your project list; make sure your projects are on course and still necessary. Once a month, evaluate whether there's a month-long focus that needs to be moved on.

Each week when you put eyes on your business, do so with the goal of answering the question, Where is my business going?