November 30, 2016
The start of a new year is the perfect time to take a step back and a look forward as a small business owner. Check out these New Year’s resolutions that will help you get and stay on track for your most prosperous year yet.
- Eliminate existing debt. Make this the year you get out from under debt by first, collecting any outstanding money owed to you by current clients. Second, if you need additional funding, opt for interest-free options including merchant cash advances from companies such as Business Credit & Capital. This allows you to keep cash flowing without incurring additional debt through traditional interest bearing loans.
- Clean house. When you run a small business, it’s critical to have a team that works well together. If you have any employees who aren’t pulling their weight or worse, are pulling the rest of the team down, it’s time to let them go. While it’s always tough to lay people off, it’s a lot tougher to lose good employees and good customers because of a bad employee.
- Eliminate ineffective practices. Are you losing clients due to lack of follow through? Do you constantly have to change suppliers? Is cash