Blog

6 New Year’s Resolutions for Your Business

by Tracey Hrica, EA Jan 06, 2020 | Share

Happy New Year!  Just like every other year, many of us have made personal resolutions for the upcoming year. But, have you considered making some for your small business?  If not, here are several to think about.

  1. Be Customer Focused. The more you know about your customer, the better you’ll be able to help out. Research each customer, and when you meet, ask questions that increase your understanding. You should strive to form a long-term partnership.  It’s easier to sell to existing customers then to acquire new ones.  Also, a loyal customer base often provides referrals.
  2. Embrace Change. In business context, change means moving the company from where it is now to where it wants to be. In response to technology upgrades, you may need to update your equipment or software. To drive growth, you may decide to refocus your marketing strategy.
  3. Professional Education. Improving and increasing the knowledge and skills of your staff helps build and maintain morale of staff members and is thought to attract higher quality staff to an organization.  Think about how much more credible your company will be if all of your employees’ certifications and/or skills are up to date. New clients are more likely to work with you over the competition if your team is well-educated with the latest and greatest industry knowledge.
  4. Improve Efficiency. Automate whatever tasks you can, whether it’s sending paystubs to your employees or payments to your vendors. Automating monotonous tasks saves your employees time and allows them to do more productive tasks that require critical thinking or a human touch.
  5. Grow Your Business by Encouraging Customers to Provide Reviews of Your Business Traditional advertisements and marketing efforts only get you so far. Before purchasing a product or service, customers want to know what their peers think of the item in question. In fact, a recent report shows that 92 percent of shoppers hesitate to purchase products without reviews. If you want your business to stand out from the pack, brainstorm some ways to get satisfied customers to post reviews online. For example, you could ask for reviews on your website and social media pages.
  6. Go Paperless. The Daily Green, a consumer’s guide to green from GoodHousekeeping.com, says that paper accounts for 25% of landfill waste. If the United States cut office paper use by just 10% it would prevent the emission of 1.6 million tons of greenhouse gasses. And that’s just paper; consider the production and disposal of ink cartridges and the energy used by printers.

About the Author

Tracey Hrica, EA

Tracey Hrica joined the firm in 1995. She is an Enrolled Agent(EA), which enables her to prepare personal and business tax returns and represent clients before the IRS. Working closely with her clients, Tracey’s primary areas of concentration are new client set up and QuickBooks support. As a QuickBooks ProAdvisor, she works closely with clients who rely on QuickBooks for the day to day running of their business. Tracey has expertise in both QuickBooks Desktop and QuickBooks Online.

See all blogs
Share

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Articles

Maryland’s RELIEF Act of 2021: How Does it Help Small Business Now?

Governor Hogan signed the RELIEF Act into law abou...


2021 Tax Calendar

Did you know that not all types of businesses have...


Tax Deductions vs. Tax Credits – What are the Differences and Advantages?

You probably know that claiming tax deductions and...


Does Your Business Need a Great Accountant? Absolutely!

Managing your company's finances can be difficult ...


SBA Will Fully Open Portal on Tuesday

We have heard from many of you this week, asking q...