Business Tips for the New Year
To ensure success in the new year the process should begin long before January 1.
A lot of work goes into setting your business up, so get a running start for the new year before the clock strikes 12.
Don’t wait; start now with this list of tips your Business.
1. Revisit Your Business Plan
If it has been a while since you looked at this critical document, now’s the time to get to it.
It's a great opportunity to see how far you've come & see if it still aligned with your current company goals.
2. Create a Conference Plan
Business planning conferences can be so beneficial for you as a business owner. As it can be a great way to engage your staff & allow them to have input into the direction of the business.
In our experience it can be amazing & some times surprising to business owners what efficiency gains can be found by staff when facilitating these planning days.
3. Build a Promotions Calendar
Sit down with a calendar and start looking at all the holidays or events you want to build promotions around.
This will give you ample time to plan your social media updates, blog posts, advertising campaigns, etc.
4. Consider Your Staffing Needs
If your business is getting increasingly too busy for you to run with a skeleton crew, start planning your hiring strategy for the new year.
Consider temps, freelancers, virtual assistants, and part-timers as alternatives to full-time employees if your budget is tight.
5. Invest in Technology
If you’ve been putting off that computer or software purchase, now’s the time to go ahead with it. You’ll be more efficient, if you have a computer that doesn’t take an hour to load.
Also, if you want to reduce your taxable income, consider the $20,000 instant asset write-off threshold.
6. Get Organized
If you’re like a lot of business owners, your desk is cluttered, and so is your desktop.
Spend a few hours throwing away and shredding things you don’t need and organizing your computer files by year.
It will make things easier to find. I guarantee you’ll feel more together come January.
7. Refresh Your Employees’ Skills
If you do have staff, now’s a fantastic time to offer supplementary training to refresh their skills or give them new ones.
Maybe they’re not all using your customer relationship management software. That’s the perfect topic for training.
8. Get Smarter
Your employees aren’t the only ones who could learn more. If the end of the year is quiet for you, build in reading time.
Read industry blogs, books, magazines, and anything else you can get your hands on to be on top of the trends in your industry.