August Business Plan - What to work on in your business this month

Welcome to our Monthly Business Planning series — where each month, we explore high-leverage areas to refine, optimise, or reimagine in your business. August is often a quieter month for some industries, making it a strategic time to zoom out, experiment and build long-term resilience.

As August unfolds, it’s time to think outside the box and address areas that might not have been on your radar in previous months. By shifting focus to these fresh strategies, your business can gain momentum and set the stage for success in the final quarter. Here are three new areas to consider concentrating on this August.

What to focus on in your business in August?

Leverage data to personalise customer experiences

In an increasingly competitive market, personalised customer experiences are a key differentiator. This August, dive deep into your customer data to better understand their preferences, behaviours, and needs. Use this information to tailor your products, services, and marketing efforts.

Implementing AI-driven tools or customer relationship management (CRM) systems can help you analyse data more effectively and automate personalised interactions. From customised email campaigns to tailored product recommendations, focusing on personalisation can significantly enhance customer satisfaction and loyalty.

Here's how:

Uncover hidden insights: Utilise analytics tools or your CRM system to identify purchasing patterns, website behaviour, and engagement metrics.
Tailor the experience: Use this data to personalise every touchpoint, from customised email campaigns and targeted product recommendations to personalised website content and special offers.
Embrace AI: Explore AI-driven tools that can automate personalisation at scale, freeing up your time and resources.

Strengthen your digital security

With the rise of cyber threats, ensuring your business’s digital security is more important than ever. August is a good time to audit your current cybersecurity measures and address any vulnerabilities.

Consider investing in advanced security tools, updating your software, and training your staff on best practices for cybersecurity. Additionally, if you handle sensitive customer data, ensure that you’re compliant with privacy regulations, which are becoming stricter worldwide. A strong digital security strategy not only protects your business but also builds trust with your customers.

Actionable steps:

Conduct a security audit: Identify any vulnerabilities in your current systems, software, and security protocols.
Strengthen your defenses: Invest in advanced security tools like firewalls, anti-virus software, and intrusion detection systems.
Educate your team: Implement regular cybersecurity training programs to keep your employees informed about best practices and potential threats.
Stay compliant: Ensure your data handling practices adhere to all relevant privacy regulations like GDPR and CCPA.

Diversify your revenue streams

If your business relies heavily on one or two main revenue streams, August is an opportune time to explore diversification. Look at complementary products or services that could appeal to your existing customer base or target a new segment of the market.

For example, if you run a retail business, consider launching a subscription service or offering virtual workshops. If you’re in the service industry, think about creating digital products like eBooks, courses, or templates that align with your expertise. Diversifying your revenue streams can provide additional financial stability and open up new growth opportunities.

Focus Area	Why It Matters Now	Strategic Outcome
Personalisation via Data	Deepens customer connection	Higher conversion + loyalty
Digital Security	Protects assets + trust	Business resilience
Revenue Diversification	Reduces risk + increases lifetime value	Sustainable income growth

Looking ahead to September? We'll be focusing on preparing your digital systems, marketing funnels, and customer experience for end-of-year momentum. Subscribe to get the monthly plans directly to your inbox.