Naperville Business Attorney Discusses Preparing for 2016

planning, preparing, Naperville business attorneyEach year when the calendar flips over to January, you, as a business owner, are presented with an opportunity to make critical decisions about the future and success of your company. For many businesses, the new year is the ideal time to look ahead and to begin preparing to implement necessary changes and adjustments, especially if your company is one that experiences a strong slowdown around the winter holidays. In my practice as a business law attorney, I enjoy helping clients analyze their business needs and work with them to develop a reasonable plan for getting where they want to go. As 2016 gets underway, there are some ideas that you should consider for your business.

Set Tangible Goals

In order to make marked improvements, you will need to know what improvement looks like to you. Choose several main objectives for 2016 and write them down, along with quantifiable ways of measuring your progress toward them. Then develop a workable strategy for meeting each of the goals. If you would like to expand your customer base, for example, determine how many new customers you want to reach this year and where you might find them. If you are trying to increase sales, consider an incentive program or an innovative marketing campaign. Keep track of where you are along the way and recognize your team for their efforts in getting there.

Delegate More

As you attend to the daily responsibilities of owning a company, it is easy to get bogged down in the minutiae, distracting you from the bigger picture and the tasks on which you should be focused. This year, make a concerted effort to let a trusted manager or subordinate take over some of your work. Obviously, you do not want to overburden anyone or drop too much on an employee all at once, so you will need to make a plan to gradually transition a number of your responsibilities. It will also be important to reward those taking on additional work with increased pay or other compensation in order to maintain morale and to show your appreciation.

Find New Ways to Impress Your Customers

No matter what field or industry you may be in, it is sometimes easy to allow your products and services to get a bit stale or even boring. Your clients and customers are literally your company’s lifeblood. If they did not continue to patronize your business, you would have no business. Sit down with your team and work out some ideas on how to impress your customers even more this year. If your products cannot change very much, then focus on your attitude toward service and make each of your clients feel valued, not only for their business but for who they are and what they bring to your company.

Work with a Business Lawyer

For help in preparing to make 2016 your company’s best year yet, contact an experienced Naperville business attorney. We will help you develop workable strategies for increased success and assist you in avoiding potential legal and financial pitfalls. Call the Gierach Law Firm today at 630-756-1160 to schedule an appointment and put our team to work for you.

 

Source:

Entrepreneur