{"id":670,"date":"2016-01-15T11:50:04","date_gmt":"2016-01-15T11:50:04","guid":{"rendered":"https:\/\/kirkwoodwilson.co.uk\/?p=670"},"modified":"2016-01-15T11:50:04","modified_gmt":"2016-01-15T11:50:04","slug":"new-year-new-you-5-business-resolutions-for-2016","status":"publish","type":"post","link":"https:\/\/kirkwoodwilson.co.uk\/new-year-new-you-5-business-resolutions-for-2016\/","title":{"rendered":"New Year, New You: 5 business resolutions for 2016"},"content":{"rendered":"

We all make personal New Year\u2019s resolutions, mostly along the lines of \u2018must lose weight\u2019 or \u2018must drink less\u2019 \u2013 sound familiar? But how many of us actually think about making resolutions for the business? In this blog, Kirkwood Wilson Accountants<\/a> gives you FIVE business-minded resolutions to kick-start your year as you mean to go on.<\/p>\n

The problem with New Year\u2019s resolutions<\/strong> is that most of us struggle to stick to them. Those well-intentioned gym memberships might begin with a flurry of visits but they quickly taper off for the vast majority most of us as soon as the results don\u2019t happen quickly enough. Our efforts to cut back on alcohol might last the month of January but how long thereafter before it slowly creeps back into our routines?<\/p>\n

Why don\u2019t we stick to our resolutions? Invariably, it\u2019s because they\u2019re not specific enough. We set ourselves purposefully vague targets because then if they fall by the wayside we won\u2019t be overly disappointed. After all, what\u2019s the worst that could happen if we don\u2019t stick to our personal resolutions? We might gain a few pounds (the wrong sort!) or experience a few hangovers.<\/p>\n

Business resolutions for 2016<\/h2>\n

If you make resolutions for yourself, why wouldn\u2019t you do the same for your business? Perhaps you do, but are they purposefully vague like your personal resolutions? In our opinion, the key to sticking to your goals \u2013 whether they\u2019re for yourself or your business \u2013 is to think SMART. Give yourself Specific, Measurable, Attainable, Relevant and Time-related targets for the best chance of success.<\/p>\n

Here are five resolutions that every business owner should make for 2016:<\/h2>\n

5. Measure performance \u2013 It\u2019s well worth your time, as a business owner, to assess the previous year\u2019s performance. What worked well and what didn\u2019t? How did the business perform against last year\u2019s targets (you did set some didn\u2019t you?!)? What would you do differently for the forthcoming year? When you chart successes and failures it makes it far easier to improve going forward.<\/p>\n

4. Set clear targets \u2013 January is a great time to set objectives for the business. What level of turnover would you like to achieve? What are your growth targets<\/strong>? Get really honest about your goals and targets to give the forthcoming financial year<\/strong> some added structure and achievable goals.<\/p>\n

3. Involve the team \u2013 No business owner is an island, so take the time to discuss performance and targets with your staff. After all, they\u2019re fully immersed in the day to day activities of the business. What changes can you make to improve the running of the business? Has there been useful feedback from customers that will help to optimise your sales? Ask them and act on their advice.<\/p>\n

2. Cut out bad habits \u2013 What about those bad habits that we all develop? How about ensuring that the VAT return<\/strong> is submitted ahead of the very last day? Or completing your mileage records on a weekly basis, rather than trying to record a whole year at once? As with everything, practice makes perfect!<\/p>\n

1. Talk to your accountant<\/a> \u2013 Perhaps the best resolution would be to really talk to your accountant about how they can really help you. Do you need monthly management advice or help with tax planning<\/a>? Do you need to tackle a difficult issue with succession planning<\/strong> or is it vital that you improve your accounting software? Once again, gaining absolute clarity will be hugely beneficial for you and your business.<\/p>\n

So there you are, if you act on these five resolutions alone \u2013 and stick to them \u2013 we\u2019re sure that by this time next year you\u2019ll be looking forward to another prosperous year of success ahead.<\/p>\n

Visit www.kirkwoodwilson.co.uk<\/a> for more information about all our services and products<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

We all make personal New Year\u2019s resolutions, mostly along the lines of \u2018must lose weight\u2019 or \u2018must drink…<\/p>\n","protected":false},"author":2,"featured_media":1511,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"acf":[],"yoast_head":"\nBusiness resolutions for 2016 | Business resolutions tips<\/title>\n<meta name=\"description\" content=\"Take a look at our latest business tips blog, which explains five business resolutions for 2016 that every business owner should make for the new year.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/kirkwoodwilson.co.uk\/new-year-new-you-5-business-resolutions-for-2016\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta 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