With the new year comes the opportunity to make some resolutions for your business. Whether it involves some large changes or simple small changes in your day-to-day operations, resolutions and goals are important at any level and can help you grow and strengthen your business. The following are a few ideas for New Year’s resolutions for your business that can be easily implemented over the next few months to give your business the boost it needs this year:
- Make a business plan - If you don’t have one or your current one needs a little revamping, the new year is the perfect time to do just that. The best way to know where your business is going is to know exactly where you are right now. A business plan helps you evaluate every aspect of your business and make specific goals for where you’d like to be in a year, five years, ten years, etc.
- Make a better effort to promote your business – Promoting your business is not some small component of your business, but it is something that should be done at all times… it even includes your employees. Finding ways to promote your business should be integrated into everything that you do, from communication and advertising to simple interactions with individuals who come in contact with your business. Every person within your business is a walking promotion for your company. Make sure they know that and act accordingly. It is also important to take the time to evaluate your promotional efforts and to track them in order to measure their efficacy.
- Survey your customers and suppliers – The best way to improve relationships is to find out what your customers want. By conducting a survey of the individuals you do business with on a regular basis, you’ll get a better sense for what they like, dislike, hope to see improved, etc. Take these survey results seriously and implement changes where you can.
- Find ways to streamline business practices – There is always room for improvement when it comes to making processes within your business more efficient. Whether this means improving your office calendaring system to reduce wasted time, installing inventory management software to keep better tabs on the comings and goings of your inventory, or even combining certain office tasks and reassigning employee duties, it is important to make your office as efficient as possible if you hope to grow.