Funny how time flies really fast. As we’re counting down the days before the new year starts, it’s time to assess how you spent your 2017. The new year gives us the promise of a new beginning and a new opportunity to correct the mistakes that we’ve done this year. As we near the end of the year, let’s make plans to have a better 2018.
Below are business goals that you need to set to have a productive and successful 2018:
Revamp your social media strategy
Social media has clearly ruled our world. It does not only bring people and information closer together but it has also become a good medium to promote your business.
Make use of social media to advertise your business. Your social media page should not only convey your products but it should also be interesting enough to keep current subscribers and entice new ones. You can assign one of your employee to manage your social media pages or you can seek professional help from social media managers to up your social media networking.
Up your marketing game
With thousands of competitors out there, what set your company apart? Why would customers choose you over other providers who have the same products?
With new companies protruding like hot mushrooms every day, you should up your marketing strategy to gain new customers and keep current ones. Aside from using social media to increase the coverage of your market, you can also provide promotions or freebies to get the interest of your customers.
Improving customer loyalty
No business would thrive and succeed without the help of their loyal customers. Whilst it’s important to get as many new customers as you can, it’s also necessary that you make an effort to keep your old and loyal ones.
You can arrange some sort of loyalty programs to reward your loyal customers. For a certain amount that they purchase, they get to earn some points that can be accumulated and can be redeemed later on.
Empower your employees
A happy employee equates a successful business. If your employees are happy and inspired to do their job, they provide better customer service. Happy employee equals happy customers.
Don’t be shy in offering praise and recognition for good performances. Employees who feel valued and appreciated are more inspired to provide consistent good performance.
Invest in better technology
If you’re technologically behind these past few years, it’s time to get up to date with the recent technology. The last thing you want is to fall behind in the competition.
There are lots of software that you can use to improve the production of your company. By using automation tools to streamline your sales and order processes, you maximize the skills and potentials of your employee since minor tasks such as data gathering and collection will be handled by the system.
Research new markets
You should never stop exploring new market opportunities. If you have been solely focused on the millennials as your target market, it’s time to do some more research for possible other fields that you can expand to. Think of creative ideas in order for you to cross over to different market fields.
Expand your business
Growth and expansion can sometimes be scary. The responsibility can be overwhelming that some businessmen are confined to their safe place.
You won’t experience success if you don’t conquer your face. It’s time to go out of your comfort zone and think of ideas on how you can expand your business. It can be overwhelming at first, but everything will be worth it at the end.
Set smaller and larger goals
In order for a business to be successful, everything should be clearly planned out. As the year draws to an end, create short and long-term goals. What do you want to happen in the next few months? Where do you see yourself in 5 years?
Asking these important questions will help you recognize what it is you want to achieve and make action plans on how to reach that achievement.
Focus on employee benefits
The success of your company lies hugely on the performance of your employees. A happy employee is more likely to give his best performance every day.
It’s time to increase your employee appreciation program next year. It does not necessarily mean that you have to increase 25% of their salary. Small perks such as an additional paid time off or a quarterly Rockstar employee recognition will go a long way in making your employees feel valued and appreciated.
Mother Earth is slowly deteriorating because of our unconscious actions. As a company, make it a conscious effort to help the preservation of the world in whatever way you can. You can start by going green. If you go paperless, you help the world eliminate the need to cut off some trees to provide paper. You don’t also add to the compounding amount of garbage because everything is done electronically.
Make 2018 the best year for your business. Follow these tips and get the success that you have always wanted.