It is that time of year when summer holidays beckon and the end of the year seems closer than it did before.  Christmas suddenly doesn’t seem so far away. Most people go away on holiday at some point during this time, and somehow business or work is not as frantic as it may have been at the start of the year.  This makes July a good time to stop and take stock, so that you can finish the year in a high note rather than discouraged and demoralised. Taking stock is good practice and helps us to determine whether we are still on course or whether there are some adjustments that need to be made to our journey.  It would not make much sense to set out with the aim of travelling north only to discover many moons later that you have arrived at a destination, only its North West rather than the intended North.

So what does “taking stock” involve?


  • Usually the first thing to do is look back at where you started from at the beginning of the year.  What were your goals?  What were the things you decided you were going to aim for?  Are they still valid, or have you discovered for example, that the job you thought would tick all the boxes of your ideal job suddenly doesn’t seem quite so appealing?
  • Providing your goals are still valid and worth pursuing, the next step is to look at where you are now.  What progress have you made so far?  What has worked well?  What hasn’t worked so well?  Failure is an opportunity to learn what does not work, to try again, and to do things differently so that you can get better results.
  • Finally, “taking stock” involves looking ahead at where you want to be, and developing strategies to getting there.  Having looked at what has gone on before, you are now in a position to decide how you will put your learning to good use for the future.  Always set your aim high.  As W. Clement Stone said, “Aim for the moon.  If you miss, you may hit a star.”  Don’t let the fear of failure stop you from dreaming big.
To your success