It’s 2012 and another new year. What will 2012 bring for you and your business?
I’m sure many small business owners are asking or have already gone through their sales analysis and resolutions for their new year goals for the coming business year.
Many times already I’ve heard “ I hope things are better this year” or the question “ you think the economy’s going to get better?”
Well, we all know things are tough out there and I doubt much will change in a presidential election year. So I guess it’s up to all of us as small business owners to do what is a favorite phase of mine , “make it happen”.
I’m sure many of us last year attended business functions such as chamber meetings, trade shows, seminars, and heard some excellent talks on some great business topics. Maybe some of us read some good books or listened to some educational CDs. These are always excellent things to do but here’s the payoff.
How many of us actually took the step of implementation on what they learned and even more importantly took the step of implementation through to the end. Without implementation it’s like buying a new book that sits on the shelf in your office you never read. It serves no purpose and has no value to your business.
So many business owners are looking for the quick and easy, jumping to the next shiny object in the room. Yes, business owners are wearing many hats, you’re overwhelmed, but many times being overwhelmed is the result of little or no planning, having nothing very well organized, or a proper business plan going into the new year.
But here are some simple questions to ask yourself on whether 2012 will be extremely profitable and a much easier year to achieve success, or just another year of the same.
1. Do you plan your business agenda on a daily, weekly or monthly schedule?
2. Do you measure what activity in your business is profitable so you can focus on that activity or eliminate completely if it is not. If you don’t measure it, you cannot improve on it.
3. Do you know what your daily, weekly or monthly financials are? Your break- even point.
4. Do you have processes in place that are easy, duplicatable and provide a clear and understandable path to successful outcomes and profits.
The correct answers to these questions can only improve your bottom line, add time to your day, and provide clarity on what works and what does not work in your business.
Make 2012 your year!
Dale Stefancic
1.) Yes I do. We have a weekly schedule, which everyone is briefed over.
2.) Yes- we also survey our customers.
3.) Yes, we study them once in a while.
4.) Yes, we do. And we secured our capital from Connexx- which has certainly helped me. http://www.connexx.com/workingcapital.html