The beginning of the year is a great time to set business goals and make a few New Year’s resolutions. It is also a good time to do a quick check-up on your business’s health to make sure that things are going smoothly and you are ready for the year ahead. By spending a little time reviewing the overall health of your business you can assess whether or not your business is thriving or barely surviving. Here are a few things to think about at the beginning of the year:
- Are you getting enough business to sustain your lifestyle?
- Is it time to increase your rates?
- Is it time to drop any clients?
- Are there any networking events this year that you should attend?
- Is your business going according to plan? Are you on schedule to reach your long-term goals for your business? Is there anything that needs to be tweaked in order to get it back on track?
- What are your business goals for this year? What do you need to do to achieve them?
- How are you going to get feedback from clients to identify strengths and weaknesses?
- How can you incorporate last year’s feedback from clients into your business strategy?
Organize your Calendar for the Year:
- Plan when you need to finish any on going projects.
- Decide if and when you will take any holidays.
- Schedule any networking events.
- Set deadlines for achieving your business goals and schedule any necessary work that needs to be completed towards achieving those goals.
- Decide how much you need to promote yourself this year in order to gain new clients and plan how much time you need to spend on promotional activities each month.
- Schedule any large scale promotions you plan to do throughout the year - for example: a summer sale or holiday marketing campaign
Check your Budget:
- Make sure you are getting enough money to keep your business and lifestyle going. If you’re not, decide how you are going to fix that problem.
- Estimate how much money to set aside for taxes each month.
- Check for any big expenses coming up - business-wise or personal.
- Make a monthly budget.
- Look at what you need to do to prepare for tax season. Do you need to budget for an account?
When you’re a one person operation it is important to stay on top of your business and check up on its health once in a while. Taking the time to review how your business strategy is playing out can save you from a big surprise down the road. As a solopreneur, it is dangerous to be in the position of ‘just getting by’, so take time to review your business and see what areas you can work on to make it more successful. Even when your business is doing well, it is still important to check-in once in a while to see if there are ways to build upon your success and make your business model even better. If you are looking for clients in 2019, why not sign up with Sagegroupy and improve your chances of being seen.