3 Small Business Resolutions
The new year is upon us and as a small business owner you’re looking for ways to make this upcoming year your best yet. Or maybe you’ve had a scare in the past year that’s put you dangerously close to bankruptcy. Whatever the case may be, Ideal Trading wants to provide our friends with a few new years resolutions to help keep your small business on track.
Separate personal from professional – Sometimes as a small business owner you may find yourself in a less than favorable financial situation or in the middle of a messy litigation process. In instances like these it’s important that your personal assets are clearly delineated from your business assets. The best way to do this is to make sure your business is set up as a corporation or LLC. By doing this you are protecting your personal assets from any repercussion of professional trouble you may find yourself in.
Put your best face forward – Put yourself out there and network, network, network. Get out there and build relationships both online and in person. The best way to grow your business and build trust with vendors, manufacturers and customers is personal interaction. So sign up for local networking events, connect online and work on those professional relationships. Your next big referral could come from one of your new connections.
Death & Taxes – Invest the time and money into developing a relationship with an accountant you can trust. Keeping an open dialogue with your business accountant can help to save you money in tax write-offs and rebates and also help you to avoid making careless errors when preparing for tax season. Entrusting these tasks to your accountant gives you peace of mind and more time to focus on the actual nuts and bolts of running your business.
This has the potential to be your best year yet as long as you set yourself up for success. Make your new years business resolutions as important as your personal resolutions and watch your business thrive!
For information on the services offered by Ideal Trading Liquidation Company please visit our website here. Or to contact us please feel free to fill out the Quick Contact form to the left hand side of your screen.