Business Goals for 2015
The start of the year is a great time to set goals for a business for the year to come. Below we have a list of 3 areas that would benefit from new goals being set in 2015.
- Cash Flow Forecast
Effective cash flow management is an important part of any business and ensuring that the figures are realistic is even more important. Keeping a tight rein on the figures is an important start so ensuring you are getting the best value for money from your suppliers is important, negotiating good deals is important and ensuring you attract customers while maximising profits is important. Maybe having a review of last year’s cash flow will help to give some ideas as to how it can be improved for 2015.
- Increase Marketing
Marketing includes a wide range of opportunities for a business and many avenues for you to get your business’s voice out to new customers. Advertising, public relations, promotion & sales are all aspects under the “marketing umbrella” and all avenues businesses use to try and increase their customer base. But do you do enough? Are you active enough in this area? More research and ideas for marketing opportunities could make all the difference to a company and is an area where more resource should be spent.
- Business Plan
Establishing a clear strategy for the year for your business will help to create opportunities for you to grow your business. It will give direction going forward and highlight areas that can be improved. It will also enable you to try and seek finance as most investors need to see a detailed business plan before they decide if they are going to invest or not.
The above points discuss 3 key areas where business goals can be created, and if achieved, can be effective in making positive changes to a business.