It is that time of the year again-when we reflect on the year that was and look forward to new beginnings. We also resolve to be better people: help others, exercise more, eat better, stress less, save more are all popular. But what about your business?
Focus on the big picture–Many small business owners focus all their attention on the day to day operations of the business and neglect the bigger picture. It is important to set aside time every so often and plan for the future. Have a plan, create a growth strategy, implement a social marketing campaign. Focusing some of your attention on the future will help you better prepare your business. Because that distant day will be here before you know it.
File all your legal documents–If you are like many small business owners you have great intentions of filing legal documents. If you have been thinking of trade marking your name or logo make 2015 the year to do it. Did you form an LLC in New York but never completed the publication requirement? Do so now. Are you a sole proprietor? Now is the time for you to formalize your business entity.
Review your business insurance policies—If your policy is more than two years old now is a good time to review it. Ensure the policy adequately covers your current needs. Has the business expanded to another location? Did you introduce a new product? Did you hire new employees? Keeping your policy up to date with your business will ensure that you are protected should you need to use the policy.
Warmest thoughts and best wishes for a happy, healthy and prosperous New Year!!!