Private as well as public companies have a full quarter, and then some, under their belts. This year's budgets were calculated late last year, but they could probably use some tweaking. It's spring, and time for business owners to look at regular housekeeping chores they've put off while wrapping up 2000 and dealing with other big issues. Now is a particularly good time to dust off the business plan that's been sitting on a shelf. It's an opportunity to look at where a company is, where it's going and how to get there.
People go through planning, and think that's the end.
But implementation is critical. An awful lot of businesses have had the luxury of a good economy and haven't followed good business practices. The businesses with their houses in order are in a better position to weather a slowing economy. To be ready for such a big change, incorporation papers and other legal documents need to be in order. I don't know why, but most people sell their companies in the summer, or at the end of the year.