CAPE TOWN – New Year’s resolutions are a tradition to either start something good or stop a bad habit as a means to better your life in the coming year.
In this sense, entrepreneurs should take this opportunity to not only improve their personal lives, but examine and implement ways to improve their businesses this year.
Whether 2018 was your best year of business yet or one you’d rather forget, any successful entrepreneur will know that there is always space for improvement and business growth. Here are five resolutions for small and medium enterprise owners to consider for 2019:
Revisit and update your business plan
A business plan is your business road map and can be used to check whether the business is on track and where it is headed. It is not just a resource written for an investor then left in a drawer to gather dust – it should be regularly revisited to ensure that you are able to achieve your targets going forward and that the plan is still effective.
A new year is also a great opportunity to update the plan where necessary and re-share so everyone is on the same page.