With Two Months Left in 2014, What Should Your Business Accomplish?
The weeks following Halloween, for many businesses, are the season of scrambling. You probably set New Year’s resolutions for your business at the beginning of the year, and some of them may be long accomplished – but what about those goals you didn’t get around to reaching? Or, what about those tasks that need to be completed to wrap up the year effectively? Now is the time to begin thinking about what you want or need to be working on in order to chalk it up to another good year. Here’s a good place to start.
Collecting Tax Information
Though we dread the “t-word” so much, ignoring it doesn’t make it go away. Are you maximizing your year-end expenditures and deferring your year-end revenues in order to leave your business with the smallest possible owed amount? Do you have all your paperwork in order so you can file it in January and get it out of the way? Get on top of this stuff now so that you won’t have to worry about it during the busy month of December.
Thinking About Bonuses
Are your employees getting them? Do you need to figure out how much to give? Take the time to start sorting it out now so that everyone gets treated fairly and is given a break as they begin holiday shopping.
If you promised your employees that HD video meetings would be a possibility by the end of the year, that everyone would be getting new laptops, or that annoying software glitch would finally be fixed, now’s the time to make sure that you delivered on that promise. Upgrading technology not only helps to make your business run smoothly, which could improve efficiency and customer satisfaction, it also boosts morale. Employees like knowing that they’re working with the best tools – and that their bosses like to take care of them!
Think of everything you did this year and make a list of what worked and what didn’t work. Maybe the TV commercial was a big hit, or maybe that Labor Day special didn’t produce too many sales. Make a list of what sorts of things you plan on expounding upon next year, and what endeavors you can safely nix.
The end of the year, for most people, is the time to express gratitude. Make sure that your partners and clients know how grateful you are for their help by sending baskets of chocolates, thank you cards, or discount offers. It’s a great way to keep long-term customers and perhaps even bring in a few last sales.