Now is the best time to review your successes in 2016, and begin to plan for 2017. This is especially true for start-ups and part-time or full-time entrepreneurs that would like to make this coming year a breakout one.
Here are some simple steps to fine tune your plans for 2017.
1) Eliminate waste. Review your monthly expenses. If there is any expense that is not critical to your operations, it must be eliminated or reduced. It is also wise to shop around for competitive services if you have not done so already. The smaller the size of your company, the more critical it is to examine and review any and all unnecessary expenses.
You can view any unnecessary expense as if someone were reaching into your wallet and stealing your hard earned profits. The problem is that you undoubtedly gave them permission to do so. A big problem for small entrepreneurs is recurring monthly expenditures that do not contribute substantially to their bottom line.
2) Make sure that the products and services you offer are top notch and that they meet the needs of your customers. Review each of your products and services, and examine ways to improve them in terms of functionality, quality, speed of execution, etc. Ask your customers directly by phone or by email how you can improve your products, or if there are additional products that they would like to see from you.
3) Based on the input you receive from your customers, make plans to expand your product offering. Above all, do not be a one-trick pony to your customers. Even if you have a main product, see if there isn't a way to offer some kind of premium service or an extension to one of your products or services that might command a premium price that some customers would be willing to consider.
4) Consider outsourcing smaller tasks for which you may not have staff with the particular skills to accomplish the job. A good place to outsource micro-jobs is Fiverr. For a guide to Fiverr that will make your outsourcing job much easier, I have a free Fiverr Finesse – Outsourcing Guide for you.
Just send email to firstname.lastname@example.org with your request, and I will send it to you. It is a 250-page guide with text and data that will help you quickly locate Fiverr vendors in over 120 categories.
Here is a video that explains all about the course, but of course, you will not have to pay for it, It is completely free.
I wish you the best possible success in all your endeavors for 2017.
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Alan Zibluk Market Hive Founding Member