Planning for 2021 with 20/20 Vision

By Tom Sponsel, CPA/ABV, CFF
Managing Partner
tsponsel@sponselcpagroup.com 

As COVID continues to change our daily lives both personally and professionally, you may feel as though it’s impossible to plan for anything. However, planning for the future is absolutely critical as this chaotic year comes to a close.

In prepping for 2021, you should find plenty of hope and inspiration in how you’ve handled this year’s many hurdles. You undoubtedly had to change your plans and adjust your expectations. Keep the spirit of adaptation and evolution alive as you head into this next year. The opportunity for successful operations and financial stability will be the result!

Think of how many of us successfully turned our homes into offices and communicated via virtual meeting platforms like Zoom and Microsoft Teams. Think of how quickly businesses put up plexiglass in their locations to safely provide the same friendly, face-to-face transactions with their customers. The ability of the business owner to innovative and use her ingenuity in many new disciplines has been an eye opener.

Even with vaccines in development, you shouldn’t expect the current state of COVID to change overnight. Plan with COVID in mind. Your vision for the future should include focusing on safety, working remotely if you can and being flexible. Maintaining that confidence will lead your team in a positive direction.

Remember: Your customers and vendors are dealing with COVID-based challenges as well. So, you don’t want to cause further disruption. Work flexibly with them. Take the time to show support and share how you’ve overcome your own challenges. Patience, compassion and flexibility will always mean more to your stakeholders than the products and services you provide. These values are especially meaningful and appreciated during difficult times. Now is your chance to rise to the occasion and show your true colors!

If you could survive 2020, you certainly have the strength, fortitude and perseverance for whatever 2021 has in store. Hope for the best, but prepare for the worst. And if you need any help from Sponsel CPA Group, we’re just an email, phone call or Zoom meeting away!

COVID-19 Resource Center

At Sponsel CPA Group, we are keenly aware of the impact of the coronavirus (COVID-19) and have created a resource center with important information. View Resources