The New Year is the ideal time to think about the previous year, and implement changes keeping in mind the end goal to improve and develop your business. This week, the Taggart team shares their top business improvements tips. Continue reading for more.

Business Improvement Tips and Resolutions

Consider the following when building up your New Year business resolutions:

Finances

Regardless of how well your business performed in the previous year, there is continuously space for development and change.

If you set an objective of reaching a specific figure last year, raise that by 10% this year. Check where the business is burning through cash and make systems to bring down these expenses.

For instance, if the internet charges for the business is an amount of X, consider finding for a less expensive arrangement. Little changes in different areas can see you make an additional 10% yearly without feeling like you are making huge sacrifices.

Revamp SMM (social media marketing) strategies

Technology is constantly evolving so is the way it can be utilised as a business and marketing tool. January is the perfect time to research; explore rising trends for SMM and attempt to predict where these trends may be heading. Research may let you know, theoretically, that effective organisations in your industry are reducing their activity on Facebook and are now overwhelmingly utilising Instagram and Snapchat. In this case, you should determine how you would adapt your strategy to keep up with the trend.

Professional and personal development

There is always something new to learn; whether that be related directly to your business and the industry it is in, or whether it relates to personal development. Set aside some time to take a look at the courses that may be available to you and fit into your schedule, or that you can alter your schedule to include them.

There are numerous organisations online that offer courses in various areas; for example, building up your technology skills, learning to use specific software or apps, business refresher classes, and so forth. You may have always wanted to learn a new personal skill, such as yoga, rock climbing or a new language; make that a priority this year. Developing your own skill sets will help you to become a better leader and all-round entrepreneur.

Interested in learning more?

Want to learn more about hitting your business goals and targets this year or are interested to speak to our business advisory services team for more business improvement tips? Get in touch with us on (07) 3391 1188 or email us on info@taggartandpartners.com.au today!

*** This publication is for guidance only, and professional advice should be obtained before acting on any information contained herein. Neither the publishers nor the distributors can accept any responsibility for loss occasioned to any person as a result of action taken or refrained from in consequence of the contents of this publication. Publication date January 2018

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