TOP 5 RESOLUTIONS FOR BUSINESS & NON-PROFIT

• Tune up Your Strategic Plan – If you don’t have a strategic plan, it’s time to develop one. A recent BDC survey found that over 70% of the most successful companies had a medium-term business plan compared to just 46% of their less successful counterparts. If you already have a plan, you should update it to take into account changes in your financial situation, important developments in your business or changes in your market.
  
  
• Automate Your Processes – The easiest resolutions to keep are the ones you don’t even need to think about. Automating various accounting functions creates a set-it-and-forget-it system, leaving you more time to handle the parts of your operation that you love, and reducing the chances of a missed payment or unsent bill.
  
  
• Be Good to Yourself – It’s easy to forget, but you are your business’s/non-profit’s most valuable asset! You put in the long hours and hard work. Now it’s time to add self-care to your business strategy. P.S. You don’t have to seize every opportunity that comes along! Considering a new business proposal or partnership? Make sure it’s aligned with your goals and the direction you’re headed. Evaluate the new business opportunity and allow yourself to set conditions.
  
  
• Get up To Speed on Online Marketing – Your online presence has become your most important marketing tool. Make a plan and follow through on setpping up your presence. Daunting? Yes. Consider researching outside help to avoid getting overwhelmed with the complexity of the different platforms and approaches.
  
  
• Digitize Your Documents – Digitizing your financial documentation means you’re able to ditch your filing cabinet (and miscellaneous drawer of unmanaged receipts) in favour of storing and organizing everything digitally. By moving to a digital documentation system, you’ll not only save space, but you’ll save time hunting down receipts or invoices should you ever need them again.