Business Goals for 2017

Global Resources is a business development group and general management consulting firm that utilizes education and experience to assist the owners of small and medium-size businesses in achieving success. 

Many small businesses are interested in the SMART approach. The SMART approach to setting goals is more effective than conventional goal settings as it is specific, measurable, attainable, realistic and time-based. When you run your business resolutions through a SMART list, you can figure out if they are actually feasible and sustainable. Without a SMART approach, you may be chasing an impossible goal and wasting your energy in the process.

Here are some SMART goals you should set for your business in 2017:

Manage My Cash Flow More Effectively - Cash flow is the lifeblood of every small business. Many businesses go broke without being able to manage their cash flow wisely. Make a resolution to learn the cash flow best practices for small businesses and stick to them. Here is some quick advice on how you should get started:

• Invoice Promptly
• Tighten Employee Spending Controls With New Technology
• Give a Reward For Quick Payment
• Go After Receivables
• Pay Bills Only When They’re Due

Improve My Digital Presence - Having a decent digital presence is a must for small business success. With an increasing number of people turning to Google Search for local business information, you could be missing out on potential business opportunities if you don’t have a website. If you already have a website but it hasn’t been updated in a year or longer, make a resolution to update it and boost your online presence. From building a mobile-friendly website to starting a content marketing campaign, there is a wide range of best practices for small business websites you could follow in the New Year.  

Build a Social Media Presence for My Business - Apart from updating your website, improving your presence on social networks is equally imperative. If you’re still in doubt whether it’s worth creating a Facebook Page or Google My Business profile, you’re potentially behind the competitive curve. With a whopping 78% of US population frequenting social media networks, investing in social media marketing is a crucial step to your success in 2017. 

Reduce Costs in My Business- Poor expense management skills are one of the most common reasons why small businesses struggle to improve their revenues. Whether you’re a seasoned business or a small start-up, reducing costs is incredibly important in order to boost your bottom line.

To learn more about us and / or to schedule your complimentary appointment with the business consultants at Global Resources LLC, call us at 855-338-0266.