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New Year Resolution Ideas for your Business

December 8, 2016

Your business new years’ resolutions; pick one, pick them all.

  • Clean up your books and do, at a minimum, quarterly statements. It’s not that hard and gives you guidance for the next quarter. And, you will be able to sell you business efficiently when the time comes.
  • Review your list of employees. Do you need them? Get rid of the toxic ones and invest in building up the ones who bring value to your business.
  • Are you retailing? Get on-line in some way. Everyone can sell on Amazon. Get a social media presence. I use Hootsuite, and it isn’t as time-consuming as you would think. Every tweet and post increase the likelihood of search engines to notice you.
  • Update all the pages on your website.
  • Get in touch with your lawyer and get your business cleaned up from a legal perspective. Don’t have one? Call us.
  • Open an account for your estimated tax bill at the end of the year and automatically transfer funds at the percentage you anticipate.
  • Delete personal social media feeds on your business computers. You can’t always control your employees, but you can control yourself. It’s a distraction that takes away from your productivity.
  • Take your accountant for lunch and get their perspective on how to improve your business.
  • Get a strategic wealth plan. Call us for a referral.
  • Endeavor to restructure your business in the most tax-efficient way possible. You might need to spend a bit to do this, but oh so worth it.
  • Your employees and customers are more engaged if they are entertained. Find three ways to inject some fun into your business. Make it an experience.

Happy New Year!

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