This time of year I lose all track of time. Literally, there are days when I don’t know what year it is.
Before you completely think I’ve lost my mind, if you’ve drafted an annual marketing plan, you know exactly what I’m talking about. You’re executing your current plan, and at the same time, planning for next year. It can be confusing and exhausting – to say the least! That said, this time of year is a great time to think about an annual plan if you don’t already have one.
There are several advantages:
- You will have set objectives and tactics to measure against. Your board and/or key stakeholders will like this accountability.
- You will be able to better stay on budget. If you can plan for your budgets in advance, there will be fewer surprises. Fewer surprises mean fewer unanticipated budget overages!
- You might get a better budget ask for next year. There are two parts to this. First, if you have been tracking your budgets for this year (and I know all of you are!), and realize things are costing more than you had anticipated, you can better prepare for that in the coming year. In addition, by having the accountability in place with your measurable goals, you may be able to justify a more expanded program for the future year.
- You’ll get your team excited and re-energized for next year. Don’t plan in a vacuum – have your entire team a part of the process. You’ll get better ideas this way, too. Planning is also a great way to better integrate with other departments in your company and with agencies.
- If your departments are spread thin, you may be able to ask for more support internally if you have a good plan and budget in place for the following year.
If you already have an existing plan, take some time this month and look back at what you said you’d do this year. What ideas might you leverage for next year? What might you do differently? What are some big, new ideas that you haven’t already done?
If you don’t have a plan currently, start the process early. Remember, it takes an investment of time and team to come up with the best plan possible. Annual planning’s hard work, but it’s well worth it in the long run.