With every annual close, companies need to reflect on what their previous 12 months have revealed. Much the same way that individuals do to assess their own progresses and successes, a useful business analysis can be reduced to a simple acronym: PEACES, the letters of which stand for Projects, Equipment, Abilities, Connections, Errors and Surpluses.
Projects – List the projects you worked on over the previous year and then list what techniques you either used or learned from the project. Encapsulate your most effective task of the year, and summarize the tasks that didn’t meet with any success. Look for a pattern you can use for future projects and keep an eye on the stumbling blocks that blocked your effectiveness.
Equipment – List the procedures and actual gadgetry, both large and small, that played a part in your successes and failures. Determine if you need to re-tool your habits to increase your production level or eliminate steps that waste time and power.
Abilities – List the skills you acquired or improved over the last year. Discover what gaps in your skills contributed to the losses you experienced, and make a plan to acquire or polish what you find to be lacking.
Connections – List your working relationships from over the past year and note the qualities that produced the best work and spot the things that showed no development. Every relationship needs to be worked on, and appreciation of those various partners must be made known to them. The more you learn to build together, the quicker and the better the work will be.
Errors – After having completed the notes or lists under the previous headings, amalgamate all the unsuccessful results and compile the categories that need work, from easiest to achieve to the most difficult. Now make a plan to remedy all those weaknesses over the next 12 months.
Surplus – Most people having completed the previous step will immediately let the list of their challenges echo around in their heads to the extent that they begin to dwell upon their negatives. Howefver, whether the year has resulted in a plus or a minus, we end the assessment with a stock-taking of only the positives. What growth has been experienced, what things have been improved &#emdash; no matter how slightly &#emdash;, what blessings have you acquired, and note the little balls and whistles in your material life made by technology, the sciences and the arts. Whether we ARE our business, or are simply one cog in an entire wheel, our personal lives have a great effect on our readiness to do our jobs. Celebrate successes as they happen, and reinforce your strengths because they are your very best friends. Rejoice and meet the New Year in stride. Always remember that part of every horizon you see belongs to you.