Mercury went into retrograde earlier this week, which, astrologers warn us, means communication and organization are going to be more challenging than usual. And even if you don’t follow that kind of thing, there are loads of distractions pulling our attention away from the small or unsexy but important operational tasks we need to complete before we close for the year.
Enter my 10 Weeks to Close series, back by popular demand.
Starting next week, I’ll be posting across all channels (my blog, Instagram, Twitter, and LinkedIn) with reminders and core activities to keep you on the critical path to closing 2020. There will also be exclusive content in my newsletter, so if you haven’t signed up yet, here’s that link.
Your 10-Week Critical Path to Close
Week 1, October 19: Evaluate benefits offerings and payroll options
Week 2, October 26: Initiate 401K setup for 2020 if funding
Week 3, November 2: Vote! Then communicate benefits plan to team
Week 4, November 9: Check your pipeline for the rest of Q4 and Q121
Week 5, November 16: Plan S Corp payroll and compliance
Week 6, November 23: Lock in December & Q121 needs
Week 7, November 30: Complete benefits open enrollment
Week 8, December 7: Initiate test close, evaluate your coverage, tax reserve, and bonuses
Week 9, December 14: Buy equipment, sign forward contracts, apply for EIDL
Week 10, December 21: Set 2020 401k contribution to 100%, run final payroll with bonuses, spend all PPP funds
Bonus Round, December 28: Send final invoices and set 2021 intentions
I know even this incremental approach can feel like too much when we’re up to our elbows in campaign activities and COVID restrictions, but you’re not in this by yourself. Here are four ways I can help you when you’re ready:
- Book a 15-minute Year-End Strategy Session. I’ll answer you specific Q4 and 2020 planning questions. Consider it an Ask Me Anything (AMA) just for you. Click here to book your spot.
- Schedule a personal 2021 strategic planning workshop. Over 3 sessions, we’ll work together to define your business goals, develop a financial projection (pro forma) for how you’ll get there, and outline the critical path of tactics for reaching your goals. Use this link for more info.
- Sign up for my CEO Confidence course. Join other self-funded womxn business owners who want to elevate their performances and grow their enterprises. Using my five-step framework, we build the CEO skills and knowledge that make your business work for you and get you paid. Click here to learn more.
Until next time!