Making a New Years resolution is a common practice this time of year. Taking a look at what you can do in your personal and professional life is a great way to start the year with focus. Below are three New Years Resolutions for business growth in 2018:
I WILL INVEST IN MY BUSINESS
You can’t build a building without a solid foundation. Be willing to invest in the right infrastructure to support the growth of your business in 2018. Maybe it’s time for a new CRM, adding expense management software to your business, or a more robust accounting solution.
I WILL FOCUS ON IMPROVING MY FINANCIAL REPORTING
You can’t report the successes and challenges in your business without accurate financial reporting. When you don’t have a clear, up to date picture of your financial status you can miss opportunities for growth, and make poor management decisions. Having a handle on your financial reporting can lead to performance and revenue improvement for you for 2018.
I WILL WORK ON IMPLEMENTING MORE EFFICIENT PROCESSES
Change is hard, it’s always easier to keep doing things the way you’ve always done them, but at what cost to your business? Take a good hard look at your processes and ask yourself these questions…
Do my employees get frustrated often
Does work get duplicated often
Am I wasting resources
Are process bottlenecks causing delays
If you answered yes, it might be time to consider automating some of the processes that you do manually. Processes that include a lot of Excel spreadsheets could be wasting your employees time, and lead to errors and frustrations.
If you follow these tips in 2018, you’ll be able to look back on the year and see continued growth for your company and it will likely be running much more smoothly.
Feel free to reach out to us at michaudaccountingsolutions.com for consulting help in any of these areas.