As we say goodbye to 2019 our thoughts turn to the promise of a new year. And while the start of a new year is a good time to reflect on the work done the previous year, it’s not a time to rest on one’s laurels–there’s still work to be done. So as we turn the calendar page what should business owners be doing? A search online for “small business end of year checklist” yields a mountain of results. Here are a few items that consistently show up on multiple end-of-the-year checklists for business:
1. Adjust your strategies to get where you’d like to go. Taking stock of the last year can inspire you to do better (or continue doing well) it can also help you modify your business goals.
2. Organize. Besides taking a high-level look at your business, all the experts tend to agree that now is the perfect time to organize your business–the files you use and the space on your desk.
3. Inventory. Doing a physical inventory is a great idea and can allow you to evaluate what is (and isn’t) selling.
4. Take a look at your company website–when was the last time you did an audit of your website? An out-of-date website can turn off potential customers and make your business seem less professional. Take a moment to look at your online presence and make sure that it’s 100% accurate.
5. Electronic file back-up. Backing up your computer/cell phones as well as any other crucial files is always a good idea, one that we’re all guilty of neglecting to some degree. Use this time to get everything backed-up so nothing is accidentally lost.
For more end-of-year checklists check out the Small Business Administration’s website.