Let’s take a look back at what you have done this year and prepare for what to come. Here are some great new year’s resolutions for business.
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In This Article:
- Update Your Business Plan
- Refresh and Renew Your Marketing Plan
- Apply Automation into Your Business
- Build a Website
- Create a Community and Expand Your Network
- Improve Customer Service
- Prioritize Company Culture
Start 2022 with a Bang with These New Year’s Resolutions
Update Your Business Plan
The first thing that should be on the top of your new year’s resolutions list is to have everything carefully planned out in your business plan. When you’re stuck, and in need of direction, a solid business strategy may act as a helpful guide. Business plans can be used to demonstrate your business’s value to potential investors and lenders and potential new business partners and investors alike. It’s a great way to stay on top of your to-do list.
In other words, if you want to be successful, you need a business plan. In any case, it isn’t intended to be a one-and-done piece of work. Since you initially developed your business plan, we’re confident that your business has evolved significantly.
Now is the time to reassess your strategy and include:
- The most recent financial data.
- Market research.
- Marketing concepts into your plan to ensure that your business continues to thrive in 2022.
Refresh and Renew Your Marketing Plan
The following new year resolves to take a closer look at your marketing plan and ask yourself, “does it work?”, “How can you improve it?”, “what channel works best for you?”. The answer to these questions can be a great source of data offering you better insights on business.
Let your imagination go wild with fresh ideas. Using the information you’ve gleaned from analyzing which marketing activities were most successful for your company last year and which ones failed, you may revise your current marketing strategy. Your new plan should eliminate anything that didn’t work and focus on what is best for your company. This will help you figure out where your marketing budget should go in 2022, so you get the best return on your investment.
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Apply Automation into Your Business
Every day, technology makes our lives simpler, but are you making use of its full potential for your business? Look for areas of your business where you can automate processes. There is software that can make activities like invoicing, inventory management, customer support, bookkeeping, sales, and others an automatic event that you no longer have to worry about.
This not only reduces the possibility of human errors but also frees up time in your and your staff’s calendars to work on other vital duties.
Build a Website
If your company does not already have a website, now is the time to invest in one. A well-designed company website may boost revenue, audience growth, brand awareness, and customer service.
Even if you don’t sell things on your eCommerce website, a decent company website may help potential customers or clients find you through search engines, provide examples of your work, and offer contact information to anybody who might want to work with you.
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Create a Community and Expand Your Network
In addition to having a website, having an online social network or brand online community is an excellent asset for your business. Creating an online community means you will have more online presence and have the chance to connect with more people. As a result, you can grow your business and expand your network.
Not only that, an influential online community can offer many different values to help your business reach new heights, including
- Increasing customer service and satisfaction
- Improving brand loyalty
- Providing better insights and data
These values can help you a lot in the long run as it builds a strong brand image in the customer’s mind and widens your target market. So if you currently don’t have an online community of your own, this is the time to build one.
phpFox helps businesses build niche social networks and online communities to connect with the right people. phpFox is exceptionally customizable, with many built-in features that are simple to use, so you don’t need to be concerned about not having prior coding expertise. Furthermore, our dedicated support team is always accessible to assist you with any difficulties you may face.
Improve Customer Service
Next new year, resolve to find a way to up your game in customer service. According to a study, 93% of consumers said they are more inclined to shop again at businesses they feel provide top-notch customer service.
People are just as likely to recall an awful customer service encounter as a truly excellent one. Determine what mistakes you and your workers made in 2021 and how to prevent them in the future.
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Prioritize Company Culture
Lastly, on the new year resolution list, if your small business relies on the efforts of your staff, concentrating on developing a positive corporate culture is an excellent resolution for 2022. Ones interested and motivated at work are 125 percent more productive than “satisfied” employees. A good business culture that makes employees feel valued, respected, and if their career growth is essential is a wonderful method to increase employee engagement and loyalty.
And it’s not such a bad idea to create an online community for your employees where they can proactively interact with each other while creating a deeper connection between them. An employee community can indirectly help your brand grow and develop a better image in the mind of your employees and your potential customers.
What are your New Year’s Resolutions for 2022? Are you planning to start on your niche social network and online communities? Give us a call, let us know how we can help!