Dec
21

Top 3 Small Business New Year’s Resolutions

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Ringing in the New Year for small businesses means a fresh start.  It is out with the recession and in with a positive viewpoint for 2011.  The main concern is to make sure history does not repeat itself.  With these top three business tips, you shall be certain to earn profits and not lose any sales.

Start Planning in January

Start outlining the plan of attack for 2011 in the beginning of the year.  It provides a clear picture of what the goals are helping the entire company stay focused on reaching them throughout the rest of the year.

Examine the Little Pieces that Make Up the Big Picture

You cannot solely concentrate on the main goal.  You have to consider what it takes to reach it.  Think about the little steps it requires to attain the final achievement then break it down into daily, weekly and monthly tasks.  Think of it as your checklist keeping the entire team on the right track.

Set Realistic Goals

Thinking a small business is going to earn a million in the first year is a bit exaggerated.  Even if you have an extraordinary product, services, and employees there are other bills that deduct from the bottom line.  There are payroll dues, taxes, and accounting costs.  Marketing, promotions and advertising budgets subtract from it too.  You need to set realistic goals.  Ones attainable ensuring you experience a successful year with lots of growth and expansion potential.

If you are opening the year in a financial slump, then talk to one of our unsecured business loan or small business loan professionals today!  You need proper cash flow to operate effectively.  Otherwise, you are starting where you left off and that is not a good place for any business to be.

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