When thinking of New Year’s resolutions, one would typically think of diets, travel and healthier lifestyles but you can also create effective resolutions for your business says New Zealand’s premier accounting professionals Tauranga-based Tutbury & Associates.
Coming up with a plan at the beginning of the year is great but if the crazy year 2020 has taught us anything it is that businesses need to prepare for unexpected. Make a resolution to make business planning an ongoing conversation within your business.
Be ready to adjust your plans to meet the reality of your business. “Try making time for weekly or monthly meetings to assess your progress and ensure your business plan is on track,” says Kelly Tutbury, Accountant and Managing Director at Tutbury & Associates Limited
Carve out the time to take a thorough look over your businesses revenue and expenses to get an understanding of what your business should look like in the coming year. Make a resolution to tidy up your books and look at your spending reports to see if they can be reduced in 2021.
“Go evaluate and break down your financial reports from 2020 to get a good look at how successful your business was and to make sure you’re your books are up-to-date and correct,” adds Kelly.
Each new year brings new marketing trends. Following the latest trends in marketing is critical for succeeding as a business so you will want to make sure that your marketing strategy is up to date.
By developing your marketing strategy to be in line with current trends you will be able to reach new audiences and turn them into customers. “Make a resolution to decide where your marketing budget should go in 2021 to get the biggest return on your investment,” comments Kelly.
With 2020 drawing to a close, making these New Year’s business resolutions will help put your business on the path to success in 2021.
About Tutbury & Associates Limited:
Though they are centrally located in Tauranga, Tutbury & Associates Limited are cloud-based. Ideal for trades people, or anyone who wants to grow their business, Tutbury & Associates Limited offers expert services in compilation, financial planning, taxation, business accounting, family trusts and Xero bundles for their clients across New Zealand.
Contact Tutbury & Associates Limited:
Phone: 07 576 2194
Address: 23 Myres Street Tauranga