In the News

Finishing Your Year Strong As A Small Business Owner

Is your business ready to finish strong and start the new year on solid ground? We have a countdown of tips to power through these final days!

Take care of distractions: Gifts and parties and baking, oh my! The best way to keep holiday seasonal tasks from becoming distractions is to check them off your list. Make an appointment with your to do list and DO it. Off the list, off your mind! 

Use the gift of time: If your business slows down during December, use this time to catch up. Help a colleague, work ahead or pick up a back-burner project. Your future self will thank you for using this time wisely.

Take stock: Now is the perfect time to make sure all your employee, vendor and client information is up to date. It is also a great time to inventory assets and/or supplies for tax and planning purposes. 

Out with the old: Speaking of inventory, spend some time assessing what is working for your business and what isn’t. Decide which practices you will carry into the new year and which will need to be dumped.

Wrap up the financials: Start to wrap up your year-end financials now so you are not in a rush come tax time. This is also a great opportunity to check for any last-minute savings or deals to end your financial year on a high note.

Map your journey: No, not to grandmother’s house. Map the peaks and valleys of your year. Go back through your calendar and note when projects, meetings and sales are plentiful and when they are not. Then, plan next year’s work, time off and other activities accordingly.

Lest auld acquaintance be forgot: Revisit your best business relationships to say thank you and let them know how much they mean to you. If you can, invite them to be part of your plans next year and close a last-minute deal.

Set your resolutions: Begin Jan. 1 as you intend to go on by getting your goals in order now. Write down what you want to achieve, and make your goals SMART—specific, measurable, attainable, relevant and time bound.

Go tell it (on the Zoom chat): Clue your staff in on how your year went and what you plan to do next year. This is especially true if there are big changes on the horizon. Better yet, ask them for input about plans that impact them. This builds trust and accountability, two critical components in your success next year.

Celebrate! You have made it through a tough year, one with challenges like almost no other. Take a moment to pat yourself on the back and reap the benefits of our hard work. You earned it!