The new financial year is only days away, now, and it is a great time to put some thought into how your business is going. Has it progressed during the year? Are you still headed in the same direction that you had intended to go?
It is not unusual to find one part of your business is taking off unexpectedly. lt catches us by surprise and we tend to wing it and see what happens. The new financial year is a great time to take stock of what is happening.
1. Revisit your business plan.
Is your plan still current? Does it take into account economic or circumstancial changes in your business? Take the time to plan for the coming year. You need to have a map for your business to follow or you could end up somewhere you don't want to be.
2. Revisit your marketing plan.
If you don't have one, now is the time to get one happening. Once you have your business direction and goals sorted out you will be able to look at the best way to market your business. Create your plan now or it won't get done!
No one can do it all. In business these days you have to be everywhere! Serving clients, writing articles, balancing books, twittering..... There are just not enough hours in the average day. Consider outsourcing those parts of your business that you don't enjoy or don't have time to do. Don't see it as an expense. It is a time saver and stress reliever that will actually end up saving you money.
4. Update yourself.
To stay ahead you need to be up to date with new developments in your area of business. In some professions it is a requirement that you undertake a certain number of hours of professional development each year. Those of us working from home need to do the same. Look for books, online classes. networks or webinars that are relevant to you and make sure that you know what is gong on in your area of business.
5. Get organised.
Set up your systems. Without systems you will end up in a mess. Organise the way your office works and the balance between home and work. You might like to read a blog like Organise Your Life for some hints.
The new financial year should be the start of a new year of business accounts, it should be all about a whole new year of prosperity. Take the time to prepare your business for the year and you will be well on your way.