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Quarterly planning refers to the four-quarter strategic implementation of an annual plan. You'll set goals, document strategic plans, and celebrate achievements every three months. Each quarterly planning session should include time to reflect on the previous 90 days, review completed and in-flight tasks, and plan for the quarter ahead.
Quarters consist of three-month periods that end on the last day of the third month. Quarter one is January, February, and March, ending on March 31. Quarter two in April, May, and June, ending on June 30. Quarter three in July, August, and September ending on September 30, and quarter four is in October, November, and December, ending on the last day of the year. Many businesses use the shorthand “Q1, Q2, Q3, Q4” for quicker reference. A 90-day plan is a more efficient way to keep team members on track and motivated because their quarterly end goals are more approachable and manageable. A quarterly plan enables a team to set short-term goals that support the company's long-term objectives while also providing contributors with a sense of progress and accomplishment. An effective quarterly plan must have a clear purpose. You can start preparing for the quarterly plan once you've identified the main reasons for doing so. Team members may be less likely to procrastinate and more likely to complete the task at hand if goals are set and achieved in a shorter time frame.
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