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Summer is a fantastic time of year not only for the weather; but also offers you a chance as an entrepreneur to press pause and take stock of where you are, congratulate yourself on what you’ve accomplished so far this year, and make adjustments to your future plans.  Here are five summertime strategies to help you regroup, reassess, and revitalize your business.

AxisCPA_Summertime Strategies

1. Mid-Year Review

If your business runs by the calendar year, 2014 is already more than half over. This is a perfect time to stop, reflect and strategize. You can make this process as informal or formal as you want.  Some companies hold complex retreats but you may just need some quiet time on a weekend for a business review and planning session when all your family is busy doing something else.

If you’ve never done any real business planning and feel like you could use a good tool, consider using LivePlan – www.liveplan.com which makes planning and tracking growth a much easier task (contact us for assistance).

2. Take a Vacation

There’s no better way to rekindle your creative juices than to get away from the business for a bit.  Summertime is when most people take vacation, so if your business is not having its busy season, this might be a good time to take a break.

If you’re anxious about being away from your business, you’re certainly not alone.  In your annual planning process, block out your vacation way ahead of time.  Book the reservations with no refunds several months in advance so that you won’t find a way to back out at the last minute.  There is life beyond your business, and you will be a better business owner when you take regular breaks away.

3. Celebrate

Take the time to pat yourself on the back and also to congratulate the people around you for the goals reached and the efforts of the team.  We could all use more praise and more celebrations in our lives.  Perhaps you can organize a party or outing; or if you are not the partying type, a quiet word individually with your team can go a long way.

4. Prune Your Projects

Is your plate too full?  Most of us would say “yes” to that question, so the next step is to ask yourself what you can afford to stop doing that doesn’t make as much sense to spend the time on.  Is there a project or two that can wait?   If so, decide to stop stressing about not getting it done and give yourself permission to put it on the back burner for now.

5. Focus

Ask yourself what one thing you could accomplish today that will make all the difference in your profits, goals, or simply peace of mind.  Then focus on that task at hand.

Try these five summertime tips to help revitalize your business.