As the holiday season starts to settle in, the workload for many Micro-Businesses can slow down.
Service-based businesses in particular consider this a slow time of the year. But, in reality, it's a great time for us to step back and reconsider the direction of our businesses.
Here is our top 10 list of "to do" items to get your business ready for next year:
1. Catch up on Correspondence
Respond to or file any and all business correspondence. This includes snail mail, voice mail, and e-mail. This would also include invoices, bills, and business leads. Make sure that you are organized and ready for after the holiday season.
2. Make Major Business Purchases
Research those business purchases you've been considering for awhile. Now, you can divert some of your attention away from clients to concentrate on these items. Invest in yourself and your business with computer software upgrades, training, workshops or Web site updates and improvements. You might be able to get some good deals and deduct the purchases off this year's taxes.
3. Review Your Strategic Plan
Business plans and marketing plans are dynamic documents. They can change depending on your needs or your target market's needs. Now, you can reflect on where you've been. Start planning where you'd like to be with an eye toward challenging yourself to achieve bigger and better goals for next year.
4. Read the Latest News and Books
Now is a good time to keep up with trends in your industry as well as local business news. You can familiarize yourself with topics that affect your business and your clients. Also, there are probably a ton of business books you've been wanting to read. Set a goal to read 2 of them by the beginning of next year.
5. Plan Advertising Spots
Set up next season's advertising opportunities. Consider including a mixture of traditional print, radio, Internet, upcoming tradeshows or events. This time of year, many are focused on the holiday season and wait until it's too late to plan their advertising campaign. Also, if you commit now, you might be lucky enough to get a holiday discount off the usual rates.
6. Re-evaluate Memberships in Business Associations and Organizations
Do they provide support? Camaraderie? Education? Referrals? Customers? If they aren't helping you meet one of your goals, the cost of membership may not be worth it.
7. Look at Your Customer Mix
Make a list of the types of customers you've been marketing to. Then, make a list of your actual customers. Do you see some key differences? If so, it might be worth tweaking your marketing plan or even some of your products and services.
8. Commit to Expanding Your Marketing into 1 New Area
Do you want to start marketing online? Holding workshops? Sending mailings? Writing articles? Pick 1 new area and add that to your marketing mix for next year.
9. Consider Alliances with Other Businesses
It's difficult to do everything when you are a Micro-Business owner. Building alliances can save time and money for everyone involved. They allow you to work with businesses that: 1) have products/services that complement yours or 2) have a similar target market.
10. Take a Mental Break From Business
Most of all, enjoy this time to yourself. Take in a sunset. Go to holiday parties. Spend time with family and friends. And, be thankful for all the wonderful events from the past year!
Some Micro-Businesses look at slow business periods in a negative light. Instead, do the opposite. Take this time to reflect on the past year's highs and lows and begin to change the direction of your company to better position itself for the coming new year.
Brett and Leila Johnson own Data-Scribe(tm), a New Mexico-based firm empowering Micro-Businesses through technology, the written word & training. To get more tips like this, visit their Micro-Business E-Library or sign up for their Micro-Business Gazette at http://www.datascribe.biz.
![]() |
|
![]() |
|
![]() |
|
![]() |
This is a quick checklist of a few things that... Read More
If you have a business on the Internet you should... Read More
So many people I worked with said they got more... Read More
Cross cultural differences can and do impede upon communication and... Read More
1. Use subheads throughout your ad copy.Subheads are great to... Read More
Here are ten things that you can do to hold... Read More
If you're a beginner, starting a website doesn't have to... Read More
A lot of people are insecure about buying something or... Read More
Having business partner or planning to start a business with... Read More
As the holiday season starts to settle in, the workload... Read More
Google is the pre-eminent search engine (SE) with no close... Read More
Clarity is an absolutely essential ingredient for you to achieve... Read More
1. Think Big ? In college, Michael Dell said he... Read More
The number may seem grim for Web-based commerce. In 2004... Read More
Rut -- a routine procedure, situation, or way... Read More
If you are like me, you are living some distance... Read More
How many of us have been in a position where... Read More
Seven Questions to Improve Your Business, Your Relationships, and Your... Read More
Seven Reasons Why Training Doesn't Produce the Desired Results and... Read More
1. Great Things Take Time ? Three years passed between... Read More
mistake #1: rely just on financial statementsProfit and loss, revenue... Read More
Here are a few ideas to get you started, all... Read More
The 2004 election is over--at least in the minds of... Read More
Which one are you? An effective IT project manager, able... Read More
Many mistakes can be made in business and if you... Read More
Advertising executive Alex F. Osborne first coined the word "brainstorming"... Read More
10 Ways to Boost your ProfitabilitySo many business owners work... Read More
So how do you eliminate your competition without bloodshed? You... Read More
Looking for a manufacturer or supplier of home furnishings in... Read More
Good Speakers need good listening skills to become Great CommunicatorsSpeakers... Read More
Many businesses lose money yearly because they don't think creatively... Read More
We all know that running a home business is highly... Read More
1. Combine Emotion and LogicConsumers buy because the want to... Read More
Here are some simple tips to help you improve your... Read More
While some new business owners face the issue of not... Read More
Part Two of Cash to Cash Cycle SeriesNext: SalesWe've already... Read More
The lack of strong boundaries is one of the chief... Read More
Positioning Your Company for Debt Financing:There was a time in... Read More
Either simply a looker-on or a player in the world... Read More
So many people I worked with said they got more... Read More
Clarity is an absolutely essential ingredient for you to achieve... Read More
1. Admit there is a problem.The very first step in... Read More
The term "junk mail" is a well-known term. To... Read More
1. Get to know people. First meet those people in... Read More
Are you ready for a BASH? Have you ever been... Read More
Hey, as hard as this may be for you to... Read More
There are lots of benefits for some businesses to import... Read More
So how do you eliminate your competition without bloodshed? You... Read More
Being appropriately dressed is essential in making good impressions in... Read More
The Ten Commandments of Goal Setting While it's good to... Read More
How do you focus on your urgent e-mail and organize... Read More
1. Use subheads throughout your ad copy.Subheads are great to... Read More
1. Locks and Padlocks ? Locks on all outside entrances... Read More
Most people wish they read more. It is an activity... Read More
A lot of people are insecure about buying something or... Read More
1. Examine everything in your office from the view of... Read More
My husband and I were enjoying our dinner meal one... Read More
Many new coaches struggle to attract their first client. Often,... Read More
I'm sure you've seen it happen every year: your business... Read More
The 2004 election is over--at least in the minds of... Read More
The 9-to-5 grind can make you feel like a just... Read More
There are so many simple, yet really sure-fire ways of... Read More
Cross cultural differences can and do impede upon communication and... Read More
Do you find great joy in being a coach? If... Read More
Does your business have a money tree you can shake... Read More
Here are ten things that you can do to hold... Read More
Top Quick Tips |