We know the holidays are busy for retail business owners, but start the new year off right with our year-end checklist!
The countdown to 2018 has begun and many business owners are crossing year-end goals off their list in preparation for the New Year. Creating year-end goals helps businesses maintain focus and sets the stage for a productive and profitable new year. Below are five goals that every business should achieve before the end of 2017.
Secure funding needed to start the year
Starting the year with liquid capital is every business owner’s dream. It’s a normal part of a business growth to take on loans for expansion. Whether you plan to upgrade machinery and equipment or if you simply want to invest in your ramping up your marketing campaign, Financing Your Way, a leading partner in the inventory loan industry, can help you find the best loan for your situation.
Increase inventory reserves by 20%
If you struggled to maintain adequate inventory levels in 2017, consider ending the year with an inventory boost. The holiday season is the perfect time to increase sales, and Financing You Way offers affordable inventory loans for various industries. The inventory loan will increase your liquid capital so that you can buy the products your clients love. Financing your Way specializes in inventory loans and can customize payback terms to best fit the need of the customer.
Get 10 online reviews from satisfied customers
Customers use websites like Yelp to get information and reviews about businesses before they ever visit. If your company did not get any customer reviews during 2017, now is the time to ask. Send a short and simple email to your customers requesting a review and include the link to your Yelp or company’s Facebook page.
Create a social media posting schedule
If your social media posting was sporadic during 2017, finish up the year with a schedule for your post. Research the most popular times that users are online. Create your photo, captions and hashtags 15-30 days in advance so that sticking to your schedule is easy.
Prepare and Analyze Financial Report
Working with an accountant is a great way to understand how your sales performed over the year. If you have not been keeping track there is no better time to start than now. Not only will you be able to track your income and expenses, but you will also be prepared to make decisions using the information you learn from your reports.