7 New Year’s Resolutions Your Business StartUp Needs To Make For 2018

by funded dotcom Consultant

With the New Year on the horizon, now is the time to take stock of your business and make the necessary changes to ensure you have a successful 2018. While you may be making personal resolutions to lose weight, exercise more, or save more money, your business startup can also benefit from a set of resolutions that you stick to throughout the year. Try incorporating these resolutions into your company strategy for 2018.

Start showing your employees more appreciation

At the very heart of your business startup are the employees that work for you. Without their trust and loyalty, your company’s performance may begin to suffer. Show your support of your staff by appreciating them and the work that they do for you. You need to recognize a job well done and take time to say thanks when warranted. Your employees will be more receptive to your feedback and be motivated to do well throughout the year. Your business startup will benefit from added productivity with a well-appreciated team that wants to do well and exceeds expectations.

Listen to feedback from your customers

It can be easy to put blinders on and think that your products and services are serving your customer to the best of your ability. But, your customers are a valuable tool to help you improve your business startup and make your products and services even better with each generation. Ask your customers for feedback and truly listen to what they have to say. Make the changes that they are asking for and you will see your company flourish in the New Year as their demands are met. Use these feedback to your advantage and think of how it can benefit you to be better than your competitors going forward.

Place more focus on your budget

Taking a long hard look at your company budget can help you identify areas where you are overspending. Cutting these costs or finding ways that you can streamline your business startup without sacrificing your operations. It can allow you to go into 2018 a little leaner and save where in the past you were splurging. Having a plan in place that helps you stick to your budget in the New Year, will allow you to keep your spending in line and prepare for the large expenditures that you may need to make over the next year.

Get to know your numbers

Being a business owner means you need to get a handle on your financials and not just let your accountant handle matters. You should know all aspects of your business startup’s costs, profits, and overhead. Nothing regarding your financials should come as a surprise as you should have the foresight to see where your business is heading based on the numbers at hand. Make 2018, the year that you hone in on your company’s finances and become in control of the numbers that control your business. You’ll have better management of your business startup and feel more empowered to make decisions that impact your company.

Concentrate on customer service

Use the New Year as an excuse to overhaul your customer service approach. Placing more emphasis on customer service can help your business excel past your competition. With customers becoming more and more frustrated with a lack of customer service from many companies, you can make your business startup standout by going above beyond with yours. Take this opportunity to make it a priority throughout the year,and you’ll be amazed at the loyalty you gain from your customers because of how well they were treated by your business.

Embrace change

Don’t be stuck in your ways for 2018. Allow this to be the year that you look for factors to enhance your business through the realm of technology offerings that are available. Use these technologies to your business startup’s advantage and integrate them where possible in throughout your company. This can work to enhance the customer experience as they desire more ways to connect with your business through technology. It can also help to streamline your operations and make your business more efficient in its capabilities. Embrace change in 2018 and watch as your business startup moves to the next level.

Make a social media strategy

If you have been stalling with a social media strategy, now is the time to jump on the bandwagon and take full advantage of the platforms available to your business and customers. Social media is an effective way to reach your customers and promote your business with minimal investment. Your customers are already on social media,and you need to be theretoo. For 2018, social media should be your mantra,and you should develop a strategy to target your clients and market your company’s products and services on Facebook, Instagram, Twitter, SnapChat, and LinkedIn.

Be more environmentally conscious

Being more environmentally-friendly in 2018 should be a concerted effort that your business startup makes in 2018. Start by creating processes that produce less waste and recycle with abandonment. You may even benefit from a tax credit for your endeavors as you add more energy savings materials and technologies into your business operations. You’ll feel better about your contribution to the earth,and your customers will take notice of your efforts to be a greener company.

Make 2018, your year to succeed with these New Year’s resolutions that are sure to get your business startup on a better track. You’ll see your business evolve and transform in a positive way that benefits you as well as your customers. Be sure to stick with them for the entire year and adjust as necessary to align with your business vision and goals. Your 2018 can be more everything you desire if you take the required steps to create a strategy now for the New Year that allows your business to excel and meet the demands of your customer base. So, good ahead and jot down those resolutions for yourself and also for your business startup. Happy New Year!

More detailed information and useful advice can be found at Funded.com If you need to access our network of angel investors or a business plan for start-up funding visit Funded.com