It’s the first month of the year, and as a small business owner, you want to be off to a positive start to get that desired result at the end of the year when you are closing your books. Check out these 5 essentials that can help you in your small business.
1. Put Your Customers First
Prioritise better servicing the needs of your customers. Evaluate your sales strategies, improve customer service, and find ways to incorporate a customer-focused approach into your plans for the new financial year. Recognise that without customers, there is no business.
2. Review Your Business Plan and Future Goals
Set realistic goals, whether it’s increasing profits by 10%, getting 50 new clients a month, or creating a strong team culture. Review your business plan and consider the timelines and ambitions that your business is currently facing.
3. Find The Right Talent
Since it’s a small business, you don’t need a large team, but the right team. Reflect on any skill gaps in your team that are necessary for efficiency and fill them. Be prepared to present a competitive offering to attract and retain the best talent.
4. Check Your Online Presence
Got a website? Social media? Online listings? Check them! Do they need updating? Are your opening hours and contact information clearly displayed? A significant and growing proportion of sales are now done online, so if the digital side of your business isn’t up to scratch, bolstering your online presence needs to be at the top of your New Year’s resolutions.
5. Get You a Supportive Financial Partner
Building a successful business requires the right support. The UBA SME Account provides financial products and services specifically designed to help your business grow.
Get access to a wide range of benefits with the UBA SME account, including:
Access to business loans
Access to UBA SME capacity building and advisory platforms
On-boarding on digital collections and payments channels such as POS and NQR
Access to SME Masterclasses
Access to SME annual summits and fairs
and more…
If you don’t have a UBA SME account, click here to open one in quick, easy steps and get the right support to help your business thrive.
Read Also: How to Maximise Your Financial Potential
