Well, the new year is officially here! You made it through the rush of December, tied up your loose ends and celebrated into 2019 without much fanfare. January 1st came-and-went and everything feels like business as usual. Wait, is that a good thing?
You might have hoped to initiate some changes in your business right off the bat. Or maybe you have goals for the new year that encompass some long-term commitments. Listed below are 3 ways we feel you can improve your small business for 2019.
Inspire Your Team:
It could be the winter months, It could be the tapering off of the busy and social holiday season but sometimes January can feel like a bit of a slump. Keeping the morale high is probably just the thing your people need to propel them through the next part of the year. Also, you might be surprised at the fun and creative ideas your team has to make this happen.
The global economy fluctuates as it always has. Depending on your type of business you could feel the effects in your local community. It’s always a good idea to have your finger on the pulse of trends in your industry. You can do this by keeping up with local news, reading relevant newsletters and articles on the subject, or networking with people who are involved in a similar field.
Monitor The Numbers:
In a small business the lines can get blurred when it comes to personal and business finances. It’s a good idea to differentiate the two at the start of the year. Secondly, monitor the type of spending you’re engaging in. Buy what it necessary and curtail the areas where you tend to be excessive. Your spending habits from last year can be an indicator of where you can do better.
Rigits is a leading professional in the field of remote bookkeeping and accounting. Not only do we personally work with small businesses on the daily, our approach is streamlined, simple and effective. Call us today for a quote. You won’t be disappointed!