As you get back to business after the Christmas break, there's no better time to go over your business targets, and put a plan in place to reach them.
Here are ways to help you hit the ground running in 2016.
1. Make a plan
Where do you want to be 12 months from now? And how do you plan to get there? Now is the perfect time to create, review or build on your business plan – so you can make sure your strategy’s the right one to meet your business goals.
Ask yourself: what’s changed over the past year? Is your target market still the same? Are there new competitors to consider? Do you need to change your pricing structure? What steps can you take to grow your business further?
2. Clear out the clutter
There's nothing better than starting off with a clean slate. That's why it's worth spending time clearing up your office and inbox to get rid of clutter from the previous year. Archive files you don’t need to keep them out of the way, whether they’re physical documents or online files.
It’s also a good time to make a list of every account, credit card, asset and investment you have. This makes it easy to work out what you still need, what needs updating, and what you can do without.
3. Get ahead
The end of the financial year is still six months away — so you still have time to get organised before June 30 rolls around again. Get ahead by matching your purchase orders, invoices and customer payment receipts now.
And if you don’t already have one, start a good physical or digital filing system that makes it easy to find and manage your important documents — and saves the rush and hassle when you need to lodge your tax return.
4. Get social
Like it or not, social media is here to stay — and is an increasingly essential business tool. Not only can it connect your business to current and prospective customers, it provides a high-impact and low-cost alternative to traditional marketing methods.
If you’re already using social media, look at how effective your efforts have been. What could you do differently to achieve better results?
Remember, social media takes time, energy and good judgement to do well, so don’t try to bite off too much too soon. To help you get started, take a look at these helpful tips.
5. Get a free Financial Health Check
As your business changes and new financial products become available, it can be hard to know if you have the best setup for your needs. For help assessing your business health contact your local business banker.
Get the insights
For a free Financial Health Check contact your local business banker.