It is common practice towards the end of the year for a business to do an inventory of all the products in their store. They carefully go through and count all of their stock and compare it to what their records show they should have. This is to make sure they align and to see if any products may have been stolen/damaged throughout the year. This practice also gives them a good starting point going into the new year as they can clearly see where they stand from an inventory perspective. Doing an inventory can also help a business shape their goals for the new year as they may need to order more/less, ramp up security, or invest in a better inventory management system. A year end inventory gives the company a good picture of what is going on in their business and how they can make improvements moving into the next year.
Since we are about to close out 2017 we would be wise to adopt this standard business practice into our lives and do a personal inventory. If successful businesses do this, why shouldn't we?
What would a personal inventory look like? It can be a pretty straightforward process and begins by asking yourself some questions such as:
How was your 2017? Where did you struggle? Where did you excel? What is missing in your life? Where should you invest your time and efforts in 2018? In 2017 did you get closer or farther away from your goals? When asking these questions make sure you are being honest with yourself in your assessment. Also consider talking to a family member or close friend who could also give you some perspective on the same questions.
Take an evening before the end of the year and ask yourself the above questions or craft some different ones you think make more sense in your life. Write them out so you can see them and reflect on them later. Based off your answers to the questions you can now work on crafting your goals for 2018.
J. Matthew King, Co-founder