The New Year’s Resolutions Your Small Business Should be Making 

As we head into the New Year, for many it can be a fresh start for the business. A chance to build and develop the organisation to make it bigger and better than ever before. So as a small business, what New Year’s resolutions should you be making? 

Streamline Finances 

With a small business, every penny counts. You may not realise it, but assessing your current financial spending, may pull up some expenditures that you could consider cutting to save money. Look at where the money is going and then try to focus it all in one place. Keep track of expenses so that you’re able to claim as much as possible. Make sure your bookkeeping is kept updated and appoint a tax advisor to give you further advice on taxes. 

Re-consider Workspace 

Nowadays, businesses are looking at ways they can get the most out of their office space. With a serviced office space, Shoreditch has become a popular spot for businesses who want to try something a little different. Flexible office spaces are a lot cheaper than buying a property and Proper Office is a fine example of these managed offices. Through this type of workplace, you’ll have the opportunity to share a building with other businesses, which gives ample opportunity for networking. 

Some office buildings, particularly in the city, are restrictive and often need thousands of pounds spent on themto become more functional.  

Improve Your Digital Presence 

With social media taking over the world, it’s now more important than ever to work on improving your digital presence. Having social media profiles and promoting your business through online print and with your own website, can reach out to new audiences and attract more customers and clients. Every business should have a LinkedIn profile, as it’s a great way of connecting with those in your industry and for reaching out to potential clients or investors. 

If you don’t have the right skills within your organisation to boost your digital profile, consider hiring a new team member or ensure there is a department focus on this area of the business. If the budget doesn’t stretch that far, there are plenty marketing or PR companies you can consult, who’ll have the knowledge and know how to grow your digital following. 

Work on Team Building 

A strong relationship with your staff is one of the most effective ways of improving work productivity and retaining long-lasting employees. This new yearshould involve plenty of team building activities and a focus on how you can make your employees happier and more comfortable in their working environment. Offering incentives and rewards is a great way of motivating staff to work harder. Listen to concerns and address any issues to show your staff that you care. 

If you’re looking for a small office space for rent, Shoreditch is attracting more and more businesses from all sectors. It provides so many new opportunities that a traditional office may not provide so why not make a new office space, your new year’s resolution for 2019?