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2018-12-10 21:08:02Running a Tradie BusinessEnglishWith 2019 hovering just around the corner, it’s time to make those New Year’s resolutions. Whether you need to spend more time with the...https://quickbooks.intuit.com/au/resources/au_qrc/uploads/2018/12/iStock-668039834-1.jpghttps://quickbooks.intuit.com/au/resources/running-a-tradie-business/5-new-years-resolutions-every-tradie-should-make/5 New Year's Resolutions Every Tradie Should Make | QuickBooks Australia

5 New Year’s resolutions every tradie should make

2 min read

With 2019 hovering just around the corner, it’s time to make those New Year’s resolutions. Whether you need to spend more time with the fam or finally start cleaning up that home office, here are five resolutions every tradie should make this year.

1 Diversify your income streams

Do you want to take your business to the next level in 2019? Now’s the time to start diversifying your income to create a well-balanced and profitable business. Make a plan and see where the opportunities are in your niche. Get advice from other successful business owners and your financial advisors, so you can make sure your business is stable and growing. Perhaps you can diversify your services to grow your customer base long term.

2 Use apps to get organised

Whip out your phone and download a few new apps so you can improve your productivity. These days, there’s no need to run your business using pen and paper. Instead, you can organise everything online. If you’ve been putting off getting up to speed, the start of a new year is the perfect opportunity to turn over a new leaf. You’ll find apps for everything, from organising invoices, to creating to-do lists, logging customer details and ordering tools.

3 Chase any bad debts

Before a new tax year rolls around, get on the front foot and chase down any bad debts. Instead of letting them pile up and frantically trying to get them sorted come tax time, it’s a good idea to clear the deck and get all your payments finalised now. If you are having trouble chasing bad debts, you can get your accountant to help you. Getting your finances in order will ensure your 2019 is off to a great start.

4 Get someone to manage your social media

So you want to keep up with the digital side of the business – your website and all your social media channels – but you have no time. Managing multiple social media channels can be a full time job in itself, so if you’re looking to upgrade your digital footprint, now’s the time to bring someone onboard. These days, it’s easy to find freelancers who can help or you could bring a virtual assistant onto the team to get your social media marketing in tip-top shape.

5 Tidy up your paperwork

Get your paperwork sorted before the calendar hits January 1. Start clearing your home office of unwanted paperwork, invoices and receipts. Download the QuickBooks app and take photos of your receipts for safe-keeping. A new year is also a great time to sort out your diary, day planner or calendar, so you can better organise your working hours moving forward.

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Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

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