5 New Year Business Resolutions

It’s never too late to re-plan and re-orient. Here are 5 new year resolutions to help you succeed this new year.

1Find — and then actually speak with! — a good accountant

With the new tax bill just passed, your business finances just got a whole lot more complicated. One feature of the tax bill is the new deduction for a portion of “pass-through” income. Since small businesses overwhelmingly operate on a “pass-through” basis, this may apply to you. But the pass-through rules  are really complicated so you need professional help. While you’re talking to an accountant, ask for advice to start preparing for your retirement, too. Ask your lawyer, banker, or another small business owner for a referral to a CPA (not just a tax preparer) who specializes in small businesses, ideally ones like yours.

2Focus

To make headway on a project — and to think clearly and deeply about your business — you need some dedicated time to focus on just one important thing. Carve out time in your day, or your week, where you focus on dealing with just that one thing. No email. No texts. No social media. No interruptions. Just focus.

3Contain clutter

Focus is hard when you’re surrounded by piles of paper and junk. Go through your piles of stuff. As you pick up each item, ask yourself: “Is this something I truly need?” If it is, decide where to put it, and put it there. If not, toss it immediately. Consolidate and organize those folders and files cluttering your computer’s desktop as well. And make sure they’re backed up or stored in the cloud. DropboxBox, and Google Drive are all good storage options.

4Go on a digital diet

Do unplug on a regular basis and look up from screens to gain a fresh perspective. You’ll accomplish more — and feel less scattered — if you’re not checking your email every 15 minutes. Use website-blocking apps like Self Control and Freedom if your willpower could use a little boost.

5Automate what you can

Stop doing payroll by hand and switch to an online payroll service, like Intuit Online PayrollSquare Payroll, or Wave Payroll. Logging onto Twitter every time you tweet? Manage and schedule your social media with Buffer or Hootsuite. Use an email newsletter platform like MailChimp or ConstantContact or Emma to create automated campaigns that send out a welcome email to new subscribers, thank customers for purchases or notify them when they abandon their online shopping cart.

 
If you’re starting a business and are seeking the appropriate coverage for your business, get in touch with your UniAmerica Insurance agent today or give us a call at 1-310-835-3373.