Make New Year’s resolutions to improve profitability

Many people scoff at New Year’s resolutions. But for business owners, New Year’s resolutions are essentially strategic plans, and these are nothing to scoff at. To get started, ask tough questions about profitability. Is your bottom line as strong as you’d hoped it would be? To get more specific, rate your profitability on a scale of 1 (weakest) to 10 (strongest) in categories such as working capital, employee retention and revenue growth. Get your employees’ and customers’ feedback as well. Contact us for help improving profitability next year.