As the year comes to a close, many of us are hastily planning our New Year’s resolutions to eat better and exercise more. But what about your business resolutions? If you’re a busy accountant who wants to take your business to the next level, now’s the time to start thinking about what changes you need to implement in 2019. Whether you want to grow your customer base, expand your services or even franchise your business, here are five resolutions that every accountant should make.
1 Review your services
Before another year rolls around and your to-do list grows even longer, take a moment to review your services. As a client-based business, your services are a key part of your offering and can be used to differentiate your business from your competitors. Perhaps this year you could expand your expertise in order to grow your customer base, or maybe you need to get rid of a service that is not bringing in any profit for the business. Discover ways in which you can grow your product or serving offering in order to benefit your customers.
2 Reduce your debt
You spend so much of your time helping your clients manage their money and grow their businesses – but what about yours? A new year is the perfect opportunity to take a moment to look at your own budget and forecast, and review any debts that may be hanging around. Get a plan in place so you can reduce your debts and chase any outstanding invoices. This could be the year you really start to drive revenue and profit and eliminate any debt.
3 Prioritise networking
If you want to take your business to the next level, it could be time to prioritise networking. Maybe this is the year that you attend a national accounting or small business conference, like QuickBooks Connect. These types of events provide the perfect opportunity for networking with other industry professionals, while also hearing from inspiring speakers and learning about new technology. You could also step out of your comfort zone, leverage your contacts and host your own networking events.
4 Step up your social game
Since we are well and truly in the digital age, it may be worthwhile spending time investing in your social media. If you haven’t already, set up your Facebook, YouTube, Instagram and Pinterest accounts. Determine what type of content you can post, or get someone on board who can help you execute a well-rounded social media strategy. These days, it’s easy to find a freelancer or virtual assistant who can help you get started.
5 Take time out of the office
It may seem counterproductive to take time away from your desk when you’re trying to build a business, but it could actually be the best thing for you. Whether it’s taking regular lunch breaks or booking in a holiday for the year, time off can give you a well-deserved opportunity to sit back and relax and appreciate your progress. Make sure you look after yourself so in the long run, you can better look after your customers and clients.