As you go into the 2021 planning season, here are five critical planning considerations:

1. How can you frugally innovate new revenue streams?
2. Where can you streamline processes as you face doing more with less?
3. What services can you outsource to improve efficiencies and decrease labor-related costs?
4. How can you cross utilize team members skills and time to optimize your needs and operating realities?
5. What sales efforts are working, and how can you maximize revenue capture through them?

Think about your annual planning as 120-day sprints vs. building out a strategic plan that will cover all of 2021. Things continue to change rapidly, and you want to focus on priorities that make sense as things unfold.