As the end of another year approaches, it is the perfect time for business owners to reflect and think about key changes that could impact the growth of business in the new year.
These five simple resolutions could be the key to success:
1. Updated Business Plan
A business plan is an essential part of any start-up, as it outlines a company’s goals and objectives.
It is not, however, a static document. It is a living document that can help a company stay organized. This is why business plans should be evaluated yearly and revisited based on business financial needs, market conditions, marketing strategies, or even expansion plans.
2. Processes
This is the time to evaluate what worked and what did not work in the previous year and streamline your processes realistically.
3. Networking
Rome was not built in a day - or by one person. This is difficult for business owners to remember when they are buried in daily tasks with little room for anything else.
However, setting aside time to make connections could very well result in professional networks that grow a business.
4. Web Presence
A well-designed website can position a business in effective ways. It can help build and grow awareness, branding, sales, customer service.
The right website can showcase a company’s work or products, provide testimonials and contact information, secure a following by providing potential clients with valuable resources.
5. Automation
Businesses need to look beyond the technology used to market and brand a company. They need to focus on how technology can help them work smarter by automating processes.
With an array of software programs built to help in the areas of finance, customer service, and inventory, businesses can focus on innovative solutions and business growth.
At Visa Business Plans we specialize in creating highly detailed strategies tailored to the needs of every one of our clients. We understand how these needs may change from year to year, and we are ready to guide business owners through the reflection, evaluation, and planning process as they prepare for a new and successful year.
Visa Business Plans is led by Marco Scanu, a certified coach from the University of Miami with a globally-based practice coaching Fortune 1000 company executives, entrepreneurs, as well as professionals in 4 different continents. Mr. Scanu advises clients on turnaround strategies and crisis management.
Mr. Scanu received a bachelor’s degree in Business Administration (Cum Laude) from the University of Florida and an MBA in Management from Bocconi University in Milan, Italy. Mr. Scanu was also a Visiting Scholar at Michigan State University under the prestigious H. Humphrey Fellowship (Fulbright program) with a focus on Entrepreneurship, Venture Capital, and high-growth enterprises.
At present, Mr. Scanu is the managing partner and CEO at Visa Business Plans, a Miami-based boutique consulting firm providing attorneys and investors with business planning services in the areas of U.S. and Canadian immigration, SBA loans, and others.
[1] https://www.nerdwallet.com/article/small-business/business-new-years-resolutions
