6 New Year Resolutions for the Smart Entrepreneurs

With 2020 just around the corner, smart entrepreneurs are starting to plot their business strategy for next year. Big plans like those should also be discussed with other think tanks in the company to get more insights and ideas for a more accurate action plan.

Moreover, fast-paced businesses like the offshoring industry in the Philippines and in other countries are taking their time picking the right resolutions. As important it is in choosing the resolutions, sticking with them is more crucial.

For smart entrepreneurs, one of the major concerns that they usually ask about is how to effectively manage their business income.

For the next year, irregularities in cash flow should be addressed immediately.  Also, learn to consider alternatives to be able to cut back on the budget.

Digital presence is highly important for businesses. Regular updates on your website, most especially on social media can create a huge effect on your digital presence.

Talk to your digital marketing team to come up with ways on how to ramp up your online visibility.

Get a financial expert’s help with your pricing concerns. And if you think that your products and/or services are worth more than what you are getting paid for, then try to revamp your rates. But before doing so, you must ask an expert to help you strategise and implement the new rates.

Believe it or not, you can’t actually wear all the hats in your business, especially if it’s slowing you down. Remember that there’s always a space to delegate it to others. So, when you are having a hard time juggling every part of your business, then maybe it is an indication that you should consider offshoring. Although it sounds scary at first, there is so much more to it than meets the eye. The only way is to address your offshoring fears and learn how to overcome them.

Your success as a smart entrepreneur lies in the hands of your people. More than keeping better communication with them, make sure to also relay the exact message to your target audience.

Give back

Do not ever forget to give back to the community especially when your business is doing well. Aside from the significant promotion that your business can get, the willingness to give back will go a long way.

The New Year prompts for a fresh start. And if you have made mistakes in the past year that makes you feel a bit regretful, the next year will bring you more time to correct all of those.

Let 2020 bring growth and new beginnings to you and your business. As for us here in DBOS, we will be opening another office in Eastwood to start the year right! And if you’re interested in growing your business too, let us help you reduce your wage costs up to 70% and get a free consultation with our very own CEO/Founder!