The last financial year has flown by and now your business needs to be prepared to step into the new year. With EOFY tasks out of the way, it’s time for you to sit back and relax… At least, after you prepare your business for a new year of growth with these few simple steps.
Spread the load
Business growth is a common goal for the new year. Without the right preparation, growth can bring its own problems. As a business owner, a lot of the responsibilities of growth can fall to you. This often leads to burnout in the workplace.
Xero found that 77% of small businesses experience burnout at work.
The start of the new year is the perfect time to prepare for growth and delegating tasks can help spread the workload and reduce the chance of burnout!
Business Franchise Australia believes that sharing tasks to employees does more than just spread the workload. Delegating includes employees in the success of the business, leading to a satisfied workforce and productive business.
It can be daunting to place your business in the hands of technology; however, automating tasks can save you a lot of time. According to Business Franchise Australia, system automation can also help further delegate tasks among employees.
There are many programs available such as MailChimp, which allows you to automate your email marketing campaigns.
While it’s tempting to perform everything in-house, realistically not every business has the professionals to do the job effectively. Business Insider believes that outsourcing secondary functions can allow you to focus on providing your core service.
There are countless areas in your business that could benefit from outsourcing, from marketing and bookkeeping to administration!
Clean up your office space
As trivial as it sounds, we all know how clutter can accumulate throughout the year. A study by Roster and Ferrari found that a messy work environment can be a stress point for employees and can negatively affect productivity.
Before the year new financial year really kicks in, take a bit of time to organise the mess.
That means throwing out those papers that have been sitting in the corner for months…
Don’t forget to clean and organise your digital space – even the best of us can lose a digital file. Making sure your computers are organised will help employees find the necessary information quickly and efficiently.
Service your services
Businesses evolve and adapt and so do the services they provide. The new year means new technologies and deals on the services you’re receiving. Take the time now to evaluate whether you should switch deals, or even providers, to ensure you’re getting a service to suit your needs.
Small Business Finance believes that businesses should meet with their bank at least once a year to discuss how to improve their banking experience.
To take that one step further, Small Business Trends thinks that if your customer service needs aren’t met, it’s time to switch banks.
But don’t stop there! It’s a great time to evaluate all services, including phone, internet and any outsourced functions such as marketing and bookkeeping to ensure you’re starting the new year with your best foot forward.
Now you’re all set!
Following these tips will give you a head start to stay on top throughout the year. If you need a hand delegating tasks, or you’re thinking of switching your marketer or bookkeeper contact us on 08 6153 0036 or inquire here.