The new year is always a great opportunity for business owners to consider their business resolutions and to take a step back and think about what they can do to improve on previous years.
Sometimes, the answers are glaringly obvious, but in other instances, you may have to think a little outside the box.
Even if you are entirely satisfied with your business’s performance, it is no excuse to sit on your laurels. Circumstances beyond your control can impact your business’s viability, so you need to remain vigilant. Furthermore, there is always room for improvements in every business, so you should never feel that you have nothing left to work on.
Here are our top five business resolutions for business owners in 2015:
Rethink your social media marketing
With all the hype surrounding social media marketing, it is not uncommon for businesses to fall into the trap of making social media content for its own sake. This can be a costly mistake, and may even damage your brand in some circumstances. Concentrate on making sure that your social media marketing is informative, creative, and, most importantly, reaching the right audience.
Share your vision
If you have a vision for your business you should share it with your employees. Allowing your staff to participate in the realisation of planned goals will give them a sense of accomplishment and promote job satisfaction. Employees who are satisfied in their roles are generally more productive and are also more likely to remain in their positions for a longer period.
Never stop learning
Even the self-employed can always benefit from a little extra training. By attending seminars, short courses, or even just reading relevant books you can make a huge difference to your business. Think about the area of your business that you are the least confident in, for example, marketing or IT, and make the decision to improve your knowledge.
A great way to start improving your organisation is by writing to do lists. You should begin by listing long term goals, and then slowly breaking them down into smaller tasks. If you do this, tasks will seem far more manageable, and you will be able to create a realistic timeline for completion.
Build your dream team
At the end of the day, the success of any business will be determined by its people. Of course, it is important to hire the right people at the right time. However, the thing that will ultimately allow your people to take your business to new levels of success is the ability to work together effectively.
If your staff members have good communication channels and productive working relationships with one another, it can make a significant positive impact on your business’s productivity. In 2015, put a little bit of extra time and energy into promoting team collaboration in your business.
Call Leenane Templeton on (02) 4926 2300 or email us.
Our accounting and business management teams are ready to assist you with your business resolutions for 2015 and your business in general.