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A month into the new year, you might still be recovering from significant business events such as Black Friday and post-holiday sales. To make your company even more profitable moving forward, it pays to always be on the lookout for new directions and ideas. Here’s a closer look at some basic strategies to keep in mind.

4 Tips to Grow Your Business in the New Year

1. Create a Quarterly Plan

When you start your small business, it’s difficult to see too far in the future, so planning is sparse if it’s even there at all. You don’t need to make a complicated list of your business goals. Instead, write down five or six goals you want to accomplish this year and set a time frame for them. Plan in quarterly stretches—one or two goals every three months—so they feel more tangible and obtainable.

2. Prioritize your Personal Life

Entrepreneurs work an average of 80 hours a week, twice the amount of an average employee. If you spend most of those in front of a computer, you’ve probably noticed how difficult it is to start moving.

You should never neglect your health, however. Get regular exercise so you can sleep better and be more productive, and don’t forget to socialize with your friends and take time away from your business. You may not have as many hours of spare time as others, but it’s important to spend each one with an emphasis on work/life balance.

3. Get Someone to Help

business eventsIf you’ve ever felt overwhelmed working on your own at a business event, find someone who can partner with you on a certain part of your business. Maybe you can hire a friend to take over your social media presence or ask your spouse to fill out accounting forms.

Know the difference between a favor and a new hire as you work toward staffing your company. Even a little help can go along way, as now you’ll have more time to prioritize the parts of your business that need you more.

4. Take a Class

Many small business owners have a gap in their learning or use slightly outdated methods. There’s a good chance you could benefit from taking a class in your field. For example, if you’re a freelance graphic artist, consider an animation course. Specific skills will make you more attractive to potential clients. In an ever-changing marketplace, it pays to never stop learning.

 

Becoming a well-rounded small business owner or entrepreneur doesn’t happen overnight, so turn to South Fulton Chamber of Commerce in Union City, GA, for help. This organization specializes in training and helping business owners and entrepreneurs develop the skills they need to work and promote business events, lead a team, or thrive in the marketplace. Visit them online to learn more about their programs or call (770) 964-1984 to speak to one of their knowledgeable team members today.

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