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Five New Year’s Resolutions for Your Small Business

With 2014 coming to an end, this week Axis for Business reveals five New Year’s resolutions for your small business to help you save money in 2015.

New Year, New Start

As an independent energy and telecoms supplier to SMEs across the UK, Axis for Business understands that with limited capital to play with, small businesses need to save money at every turn.

With a new year on the horizon, make it your new start. There’s no better time than the New Year to abandon excess and implement a few measures that’ll prove invaluable for your company’s profit margins.

Five New Year’s Resolutions Destined to Help Your Small Business

If you want to kick off a new start for your firm this year, check out the following five New Year’s resolutions…

  • Set Realistic Goals: With a new start comes new aspirations, but you shouldn’t waste time, resources and capital trying to attain the impossible. Set realistic goals for a cost effective 2015.

 

  • Focus on what’s Good: You need to stand back and take stock before you embark on a new path. If you want to streamline your company’s outgoings in 2015, take a look at what isn’t working. If something is draining your capital ditch it now, and focus on what’s good to raise your bottom line in 2015.

 

  • Join a New Business Organisation: There’s never a better time than the New Year to reach out and make a new contact. Make it your mission to join a new business organisation in 2015, so that you can make contacts that’ll lead to fresh opportunities and capital for your firm.

 

  • Adopt a ‘Code of Ethics:’ Introduce a new code of ethics, and let your staff roster know that anything that results in employee fraud will not be tolerated in 2015. Reducing employee fraud should always be at the front of your mind if you want to lessen its impact on your profit margins.

 

  • Revitalise Your Social Media Strategy: Come January, consumers will suddenly tighten up their purse strings to claw back some money after the busy holiday season. In other words, now is the time to ensure your social media strategy is as effective as possible, so that when consumers loosen those purse strings a little, you won’t have to blow capital on producing expensive marketing campaigns to attract their interest.

Time to Take Stock

The New Year is the time to take stock. If you want to make sure you save money for your small business next year, make sure you take the time to look at your company, see what needs to change, and make sure it does as you power through into 2015.