Thursday, April 30, 2015

Spring Cleaning For Your Small Business

With winter safely behind us (knock on wood) many Americans are participating in Spring Cleaning. Though typically thought of as something reserved for the home, it's a great philosophy to apply to your small business as well. 

So what areas of your business should you consider when starting fresh this spring? 

Your Finances. For many businesses summer tends to be slow so you may be reserving bigger purchases until the fall. Despite slow business and postponing major spending, bills still have to be paid. Review your cash balances now to determine how you will be covering your expenses during this period. Additionally review any auto renewal payments. You may find you're paying for something you only needed temporarily or something you no longer use. 

Filing and Documents. How do you keep track of important paperwork, files, and documents? Are you still storing these things in an old school filing cabinet? Consider going digital. By utilizing a CRM service not only are you diminishing the physical clutter around your office, but you are also increasing productivity by having this information at the ready in a digital dashboard. You will be able to find specific files in a matter of minutes just by typing in a simple search, and you can access this information anywhere at anytime. 

Staff Responsibilities. Take inventory of your staff and their responsibilities. We're not recommending you fire anyone (unless of course you have an employee who simply does not do their job) but take time to consider who your staff is and what they do. Has an employee outgrown their position? Is there more you could be delegating to them? Have certain positions become irrelevant? Could you redistribute the employee filling this position to another area of your business? Consider the ways in which your staff can be the most productive and successful. 

Business Plan. Review your business plan. What do you hope to achieve over the next 6 months? Year? Five years? Think about this in terms of your expectations for your own professional growth as well as your business's growth because as a business owner, these two things overlap. Have your expectations and goals shifted? If they have (which is not a bad thing) then how can you adjust your business plan to reflect these changes? What should you be doing differently in order to achieve success?

Be sure you are checking in weekly for more tips and tricks to benefit your small business! 

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