January

5

Wrapping up the Year

 9 Tasks to End the New Year Organized

The end of the year is often slow. Most people are not concerned about organizing during the holidays. Some take advantage of being off of work and get things done around the house but more often then not, I catch up at this time of year. I have a ritual of things I do to wrap up the year for my business. I thought if you own or run a business you might benefit from this list. 

1. Email or mail out a New Year’s promotion. My business was started in January of 2004 so every year I start out the year with an anniversary celebration. January is also National Get Organized month so it’s a great reason to contact my clients. 

2. Clean out the filing cabinet. Be ruthless. Fire out anything that doesn’t support your tax return or anything that isn’t an important permanent record. For example: I keep my business license with the City of Chicago. It has nothing to do with taxes but it must stay in the filing cabinet as a permanent record. 

3. Clean Up Quickbooks. I love doing bookkeeping so I keep my own books. At the end of the year I review my entries to make sure everything is in the right category and everything balances. 

4. Rewrite goals. Now is the time to reflect. What did I accomplish this year? What do I want to accomplish next year? I write down anything and everything I’d like to accomplish. I don’t get down on myself if I don’t meet every goal. Usually there’s a good reason why I didn’t reach the goal. Goals also change through out the year. That’s okay. 

5. Redo your budget. After cleaning up my Quickbooks, I’m left with a good idea of what to budget for next year. I also can decide what I’d like to cut and what I’d like to add. This information is probably the most useful. I can learn to make a larger profit each and every year. If you don’t have a budget, I’d encourage you to make one for 2011.

6. Do year end statistics. This is also a very crucial steps. Where did you clients find you? Who passed you business? What advertising worked? What didn’t work? Also are these are important questions to help you grow your business. 

7. Decide your advertising Plan. After doing statistics, you’ll be able to determine how to spend advertising money. 

8. Update your website. Give your website a fresh updated look and new content. No one likes an old stagnant outdated site. 

9. Print out 1099’s. You may not have independent contractors but I do. So this is something I do every year. 

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