Did you know that 54 percent of all sales in the U.S. happen due to small business? According to a study by Constant Contact, 84 percent of small business owners would start up a business all over again if given the opportunity. The motivating factor is the ability to both pursue a passion and gain freedom.
With 2017 just getting going, it’s important to focus on attainable goals and begin the New Year with new goals and habits in place by transforming our ideas into realities. Whether you're looking to grow your business or taking a leap with a new start-up, reflect on your business progress over the past year and research how comparable successful businesses have developed. Take into account your own strengths and weaknesses. The most successful businesses outsource business coaching. Business coaches are able to see what is missing and accurately identify blind spots.
Keeping track of what is new in technology can be near impossible for small businesses; but is a task that must not be overlooked. With advancements in technology, there is heightened customer expectation of accessibility 24/7. It's important to stay on top of things to meet customer expectations, but few people launching or running a business have the time or expertise to spare. This lack of technological knowledge by small business owners is often due to limited time /resources, fear of the unknown, and little to no experience with technology. It can lead to costly mistakes such as:
According to The Harvard Business Review, to get your team to a good start for the new year, it is important to focus on progress. This is called "the progress phenomenon." This progress phenomenon can be any contribution, because when people feel they are contributing they are highly engaged employees. The best way to measure this progress is through an "End of the Year Review." This is the way to "close out one year and start another prepared and strong."
