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Don't Forget to Take Inventory

Don't Forget to Take Inventory

As 2018 comes to a close, I encourage you to take inventory. You are probably thinking about your parts inventory. Yes, it is very important to count all your parts and fluids and nuts and bolts for accounting and tax purposes. It is also important to take inventory of all your equipment. It should be photographed and catalogued for insurance purposes, and also a good hard look should be taken at your equipment's life expectancy. Will you need to be replacing any pieces for 2019, and/or will any additions of new equipment be needed?

Take inventory of your staff. Not only of how many labor hours inventory they produced, but also the training they need and when they need to test/re-test for their certifications. Review their goal posters and take inventory of their goals. Give them time during work hours to update their goal posters for 2019.

Take inventory of your insurance. When was the last time you reviewed your policies? When was the last time you looked at the beneficiaries and the coverage? Do you need to increase the coverage amounts or make any changes?

Take inventory of your accomplishments for 2018. Celebrate your victories. If you didn't achieve all that you wanted to, take inventory of that as well. Be honest, and write down what got in your way. Make a plan to ensure the same doesn't happen in 2019.

Take inventory of both your physical and mental health. Are you eating properly? Are you getting enough sleep? Are you doing something other than running your business? Do you do things that bring you joy? Do you stop and smell the proverbial roses?

While all of that is important, there are other inventories you should take that are even more important. Take inventory of your home life. Are you spending as much time with your loved ones as you could? And when you are, is it quality time? Are you really there with them, in the moment?

Take inventory. Take inventory of all the things you should be grateful for. Starting right this minute, take inventory of how you want to spend each and every day, for the rest of your life.

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