Take the time

Small business owners work extremely hard and very rarely stop.  They can become consumed by the day to day pressures of running their company which can lead to problems.

 A relentless focus on closing the next sale, keeping the books out of the red, and constantly putting out fires can be harmful to your business in the long term.  While ambition and drive are commendable qualities, there are times when it is necessary to take a step back and evaluate just where your business is at.

As a new year begins, this is the perfect time to do just that, to ensure that you have a successful year ahead.

Here are just a few tips to consider;

Hold a post mortem of your business-

Be sure to make an honest evaluation of just how your business navigated through the past year.

Did you have a successful year? 

In which areas did your business perform the best?

Are there areas that are holding you back or need to be changed?

Under the scope-

Now is the best time to put your systems and procedures under the microscope.  Have they moved with the times?  Are they efficient?  Don’t stick with inefficient business processes.

Get expert advice-

You should meet with your accountant/financial advisor on a regular basis.  These regular meetings can result in you getting a broader perspective on market forces that may impact your business.  In addition these meetings can help you map out money saving tax strategies.

These are just a few simple tips, if you would like to know more about how you can work on your business, rather than just in your business, visit the link http://www.youtube.com/watch?v=diHkP1Sn7vo and find out more about the exciting new Business Mastery- the 10 hats of business program.

Or Visit the link and register for our FREE boardroom briefing sessions

http://www.mcmahonosborne.com.au/www/content/default.aspx?cid=1011&fid=976

 

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