The New Years Resolutions That Will Improve Your Business in 2019

Angela McDonald • 14/12/2018

When we think of new years resolutions, chances are improving our businesses is not the first thing that comes to mind. In fact, it is probably one of the last things that come to mind.

However, if we get to the bottom of what a resolution is, it is simply the decision to make a commitment to make a change in one thing or another. Essentially, this is a goal.

Whether you call it a goal or a resolution, it is the aim to make a positive change within your business. If you are serious about making a positive change within your business, here are a number of new years resolutions that you can start working towards now.

Learn to effectively manage cash flow

Your business’ lifeblood is its cash flow. For a number of business owners, particularly of start-ups or SME, getting a handle on the business’ cash flow can often be one of the hardest parts of their operations.

However, this year take it upon yourself to improve this part of your business. If you are able to priorities managing your cash flow, you will be able to put your business in a position of strength.

I will improve my digital presence  

You are running a business in the digital age but when was the last time you updated your digital strategy, if you even have one?

It is important you are constantly updating and improving upon your digital fingerprint. Start by analysing your entire digital presence, including website, social media accounts, any ads and mailing lists. From there you will have a good picture of where you may need to improve in order to keep up with this ever-evolving environment.

Let’s get social

As a part of your digital review, take stock of your social media presence and activities. If used correctly and actively managed, social media as the potential to increase your business’ image and reputation amongst your target audience.

However, the key to social media becoming a valuable asset for your business is entirely dependant on your ability to actively engage with your accounts. This does not need to require a huge amount of time or financial investment, however, you simply just need to make an effort.

If the reason social media hasn’t been a massive priority in the past is due to a lack of time, there are a number of options available to satisfy this need. Such as building a remote social media/ marketing team in the Philippines with Deployed.

I will sharpen my focus

Do you find yourself getting easily sidetracked during the day? If so, this is something that can be easily changed. Regardless of whether you get distracted by critical issues or answering emails, this is wasting your time and could be affecting your business.

However, now is the time to make a change by implementing the systems and processes that will help to keep you focused throughout the day. Whether you hire a virtual assistant, schedule in time to answer emails or simply turn your phone off, aim to sharpen your focus this year.

We will start charging what you are worth

This is often a delicate question for a number of businesses, how much are we worth and what do we charge our clients? At the end of the day, if you believe you are being underpaid for your services, then make this change early in the year.

It is commonplace for businesses to review their pricing scale at the being of each year, so do not feel it is unnecessary. Once you have conducted a complete review of your entire business, there will probably be strong evidence to suggest that changing your pricing scale is justified.

Grow your team

Has expansion been something that you’ve wanted to undertake for some time but just has not been viable? If so, make this year the year you turn it into reality.

Do this by, putting the wheels in motion early on. Start making preparations to grow your business by factoring it into all your strategic and operational activities and investigating the options available to you. Whether you start researching and developing a new product line or speaking to us about building your remote team, make this year the year you reach your expansion goals.

As a business owner, you probably have a long list of goal you want to reach or issues you want to fix, is this the year you tick off a large chunk of them? Focus on a core set of attainable goals that when achieved will demonstrate a positive step forward in your business trajectory.

Building a remote team in the Philippines is a great way to move your business forward. If you are interested in building a remote team, get in touch with us today and we help create a team that is capable of creating a real difference in your business’ success.