Time to Startup!

The BizFilings blog covering business tips and trends.

5 New Year's Resolutions for Small Business Owners

Published on Dec 29, 2010

Summary

Read these 5 New Year's Resolutions for Small Business Owners at 'Time to Start Up,' the small business blog by BizFilings.
Are you going to hit the gym more often in 2011? Or are you going to quit smoking when the clock strikes midnight Dec. 31?2011_opt Well, good for you. But what are you going to do to improve your small business in 2011? Here are 10 suggestions to help you start the New Year off right:
  1. Toss it. Walk over to the trash. You can do it! I am a firm believer in getting rid of things. My philosophy: if you don't miss it, don't wonder where you put it or don't know that it even exists - toss it. Toss or file that mound of paper; enter those business card contacts and then expose of them; and audit your inventory for throwaways.
  2. Educate yourself. Research free online courses that many websites offer. Look into taking classes at your local community college or through community groups. You might even learn something useful along the way!
  3. Prepare for it. Take precautionary measures for your small business in the New Year. For instance, if your small business is not incorporated, consider forming a company to protect your personal assets and to possibly benefit from tax savings.
  4. Save money. Take a long, hard look at your finances - even reducing transaction costs - ecommerce charges and bank fees - can make an impact on your bottom line.
  5. Learn from your employees. Listen to what your employees have to say. Everyone has something to bring to the table whether it be money-saving tips or creative campaign ideas.
So what about you? What would you like to improve upon for 2011 for your small business?