It’s time to start over. And after a disastrous 2009, most of us want the feeling of a new beginning, whether it’s perceived or real. In working with a number of clients last year, here are some of the big issues I encountered in 2009 and helped clients work through. How many of them apply to you and your business?
I resolve to get a better handle on my inventory
Benefit: Increases working capital, decreases products sitting on shelves, increases forwardness of better selling items or categories
I resolve to look at my store with fresh eyes.
Benefit: Too many to list, but may result in a whole new experience
I resolve to analyze my sales and sales trends
Benefit: Allows for better scheduling of employees and management of store hours
I resolve to engage every customer in a meaningful, authentic way
Benefit: Your customers have to hear “Can I help you find something?’ in one less store
I resolve to use social marketing more than once a month, and offer insights and tips in addition to deals
Benefit: Builds customer loyalty, increases opportunities to instantly drive traffic
I resolve to actually look at financial statements and do something about the issues
Benefit: A more well-run, lean business that allows for greater profitability
I resolve to be more inquisitive, and won’t just accept the status quo
Benefit: Creates a reason for doing something rather than doing for the sake of doing
Those are just a few things entrepreneurial business owners should be thinking about in 2010. How are you resolving to make this the best year ever for your business?
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Photo courtesy: Flickr.com user Joan44