2017 is finally over and most business people are currently hard at work developing a new business plan for the following twelve months. As you already know, this can be quite nerve-wracking.
Plans need to be finished by the end of January and for some, this is simply not enough time to create a clear roadmap for their business.
Your strategy largely depends on your business needs – it can include new HR strategies, employee retention tactics or simply upgrading the technology in your office.
In order to help you plan your year out, here are a few goals we feel every entrepreneur out there – regardless of their experience – should try to reach in 2018. Without further ado, let’s start…
Define areas that need improvement early on
You should take the beginning of the year to review the last year and see what aspects of your business desperately need improvement. See if there are areas you need to focus on more, or places where there’s needless waste or potential for better productivity.
Although it’s important to know your strengths, it’s also important to know your weaknesses. Once you manage to identify these areas, you’ll be able to create an action plan to improve your business – and even make some improvements on a personal level – and make this your best year yet.
Try to reach new audiences
The age of consumers across the globe is changing. In fact, according to Pew Research Center, Millennials are about to surpass Boomers as the largest generation in the United States. And you can’t market your products/services the same way to every generation.
The best way for us to get our products and/or services into the hands of younger consumers is through market research.
Of course, if you don’t have a research or a product development team on your staff, it would be wise to hire experts to help you out. So, don’t hesitate to contact business consulting services as soon as possible to help you out with any field you lack the experience in.
Look for feedback in unexpected places
Getting feedback from traditional routes is easy, however, it’s important to look for feedback in places where you don’t usually expect to find it. So, instead of talking to your suppliers about the current market trends, try talking to your clients or even other vendors to get new ideas.
You’ll be surprised just how much insight you can get from unexpected places and how you can use it to improve your business in ways you’ve probably overlooked in the past. Just remember – feedback comes in many forms; therefore, you have to be willing to accept it from wherever it’s available.
Work on your health
There are more than a few research papers out there that show the correlation between productivity and good health. The matter of the fact is, people who take good care of their bodies have more energy, are more focused and more motivated to perform better than the ones who don’t.
Swedish researchers have recently discovered that taking a break to exercise for a few minutes during your work day will actually increase your overall productivity. While it may sound odd, it turns out that replacing your coffee break with quick workout sessions will make you more productive than ever.
Keep in mind that plans often change
These are just some of the goals you should try to reach in 2018. Needless to say, your goals will probably change during the course of the year as you discover new information. What’s more, you can even set micro-goals for yourself throughout the year.
Every month, you should try to accomplish a micro-goal. One month, your goal could be to acquire a new client, other it could be to improve your profit. Small goals will help you feel accomplished and allow you to see what you’ve improved from the last month.
In the end, small goals add up to become huge achievements.
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