Getting Ready for the New Year

November 12, 2019 Staples Business Advantage

As a new year approaches, you need to start thinking of ways to improve your business. Three important areas of your business to prepare for the new year are your employees, your workspaces and your finances. Here’s how to do it.

1. Get your team ready

The beginning of a new year is an opportunity to review you and your team’s expectations. Reflect on your business’s performance so far. Assess your employees’ strengths and weaknesses. Use this critical analysis to identify the changes you need to make. For example, you might need to reduce the frequency of your one-on-one meetings and instead receive reports you can quickly glance over.

Establish the new year’s goals for your employees. Focus these goals on a few key areas that everyone can support. The goals should tie into your company’s overall strategy. Once you have in place goals for your team, create a plan which defines your expectations for your teams. Other ways to prepare your employees for the new year include training your employees on new skills and doing a company outing to motivate them.

2. Get your workspaces ready

An organized workspace enhances your business’s productivity. Modern office supplies help organize your workspace for optimal workflow. Two common office supplies that many businesses use to maintain a high productive workspace are desk organizers and plastic storage bins.

Desk organizers sort your paper documents and tidy up your desk supplies to improve focus and minimize distractions. You can go for complete TRU RED desk organizer sets or mix and match different components. Plastic storage boxes keep your documents organized and safe. Go for storage boxes with good handles, latches and locks for easier handling.

3. Get your finances ready

You’re always in search of ways to enhance your business’s operational efficiency and its financial intelligence. Automating your business process can help you achieve these goals provided you use the right tools. Modern businesses rely on several software tools for business operations. Together, these tools integrate all your data into a central platform that boosts your bottom line.

Some of the functions you need to automate to enhance your company’s systems include data fetching, bill payment, time tracking, expense management, tax management and invoicing. Examples of software tools to consider include Quickbooks, TSheets, Expensify and Hubdoc. These systems give you peace of mind by making your systems efficient and reducing the risk of fraud.

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