Happy 2019! Here’s How to Get the Year Off to a Great Start

Happy 2019! Here’s How to Get the Year Off to a Great StartHappy New Year! A new year encourages new energy and excitement to meet new goals. It’s a fresh start and the perfect time to reflect on the past and plan for the future, to set goals and figure out how to achieve them.

The start of the year is the perfect time to kick things off with a bang to promote growth for your business. Here are some of the best ways to create an effective, actionable plan for the year.

Learn from the Past

Think back on the previous year, determining what went well and what didn’t. Use takeaways from both, the mistakes and successes to review your business plan and make updates. Thoroughly evaluate where you’ve been, and perhaps where you wanted to go but didn’t, so you can better know where you should be heading.

Focus on the Future

As you develop projections for the year, consider the broader economic conditions and how they could impact your market. It’s impossible to know what will happen, so ground your projections in as much data and objectivity. Knowing the latest business trends will help prepare you for the constantly changing environment.

Also, look for one or more mentors to offer advice for growing your business. Many have been where you are now and possess great wisdom.

Improve Communication

Effective communication is necessary for the success of your business. Encourage employees to share their thoughts  and provide several ways they can communicate with you, from team and one-on-one meetings to an online chat platform. Be consistently open to receiving honest feedback and ideas. Set the tone for helpful and honest communication.

Find New Ways to Create Buzz

With so many products and services flooding the market, it can be very difficult to differentiate your business (especially on a reasonable budget). Seek out simple, creative ways to stand out from others. Think of ways to connect with your customers using social media platforms, starting with the big three: Facebook, Instagram, and Twitter. All are free and can effectively reach your customers while generating word-of-mouth about your business and what you offer. Social media can greatly promote special deals and giveaways, and provide a vehicle for sharing the day-to-day, behind-the-scenes glimpses that give your business personality and establish a connection with customers.

Mind the Budget

It can be difficult to keep track of expenses while juggling many areas of the business, but it’s crucial. Businesses can maximize dollars in numerous ways, from tracking tax-deductible business expenses and minimizing long payment terms to leasing or buying used office furniture and equipment.

Although employee costs are a major business expense, you must make smart decisions and not only focus only on cost-cutting. Effective hiring practices will help get the best bang for your buck. Consider hiring temporary staff or interns during busier times to help save on overall costs throughout the year.

Review Your Insurance

The start of a new year is the perfect time to review your Connecticut Business Insurance coverage and determine whether you need more coverage or a different type of coverage. Once you’ve reviewed the previous year and determined what your major risk factors are, the next step is contacting your insurance agent to discuss the necessary coverage to ensure that your 2019 will be safe and prosperous.

About Byrnes Agency

At Byrnes Agency, we offer auto insurance solutions that can be tailored to meet your specific needs. Whether you have an old classic car or a brand-new model, we have the right coverage for you. To learn more about our products, contact us today at one of our two locations.

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Dayville Office

Phone: (860) 774-8549

394 Lake Rd

Dayville, CT 06241

United States

info@byrnesagency.com

Hours of Operation: Monday- Friday 9:00am-5:00pm

Norwich Office

Phone: (860) 886-5498

6 Consumers Avenue

Norwich, CT 06360

United States

info@byrnesagency.com

Hours of Operation: Monday- Friday 9:00am-5:00pm