The New Year is a fresh start and a great time make changes and plans to ensure the year ahead is a success. It’s always good to have something to strive towards so that you can grow at a healthy rate.
Rather than wait around, now is the perfect time to make your plans for the New Year. It’s never too soon to start planning, especially with Christmas right around the corner.
With that in mind, here are a few things you can plan to do in time for the New Year.
Dig out your business plan
Take a look at your original business plan and see how it compares to your current operations. This is a good way to remind yourself of the ideas you started out with in your head and think about how well they’ve been
in practice. You might want to rewrite it each year, depending how your business grows and changes course.
Aim to invest
If you’ve been thinking of investing in your company, why not use that as a way to start off the year? You could invest in office expansion, increasing your workforce, updating your computer systems or expanding your business practice/stock.
Don’t wait until the New Year hits, make sure you do your research beforehand so you know where you’ll be getting your money from. You might have to get a new business loan or look for other investors. Make sure that you have a fresh business plan written up to give to your potential lender to show where the new cash injection will benefit the business and increase profits.
Set a savings goal
Look over your finances of this year and try to identify possible areas where you could make savings. Aim to save a certain percentage you usually spend on expenses by the end of the year.
This doesn’t necessarily just mean making cut backs. You could try out new more economical versions of your current business practice. For example, instead of hiring new permanent workers, you could outsource to freelancers who will generally be cheaper and will save office space as they often work from home.
Embrace the cloud
If you haven’t already, have a think about moving some of your systems to the cloud. More companies are seeing the benefits of this and are relying less on paper documents. The cloud is more secure and reliable than ever before.
Just make sure you’re also keeping on top of your cyber security. Be sure to check out our cloud accounting software,Pandle.
Launch a new product or service
Having a new angle to sell to your clients can give you a much needed boost in attention and revenue. Pairing this with a special offer will help seal the deal with many new customers as well as being the kind of thing that people share all over social media.
Have you made your plans for 2017 yet? Let us know what you’ve got planned for your business in the comments below!
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About The Author
An experienced business and finance writer, sometimes moonlighting as a fiction writer and blogger.