Biz Buzz

Is It Too Early To Start Working on Your 2015 Plan?

899eeb5509f0c5479648_peggy_mchale.jpg
899eeb5509f0c5479648_peggy_mchale.jpg

No! In fact, now is the best time to start working on the plan. You have two months until 2015. This is plenty of time to gather relevant examples of what worked and what did not work. It is also ample time to see and anticipate the implications of taxes for 2014 and structure your business for growth in the New Year.

1. Develop Your Goals For Growth

Where will your small business be at the end of 2014? Where do you want it to go from there? The entrepreneurial mind thinks in increments of years. Start asking yourself what ways can be applied to get to your desired result. Growth is certainly a good thing and with that you want to consider and practice what would bring this result.

Sign Up for E-News

2. Diversify

Perhaps your small business has one great customer. Figure out why this customer is so great. Is it because the clients are treated well, do they have a greater need than other clients? Once you have isolated the success factor of the relationship, apply it to your other clients. This in itself will take smaller goals and a plan but once you figured out what makes your client come back for business, figure out how to apply that constant to other clients in your plan for 2015.

3. Remember What Worked

It would be silly to try to re-invent the wheel in 2015. Part of moving forward is taking a step back and assessing what worked previously. Go back even further to when you were at this stage last year and see what goals you had for 2014. Granted what once worked last year may not again but there may be isolated items that remained unchanged and could be helpful in the New Year.

4. Organize For Quick Action

Address those pesky pet projects that keep you distracted from an immediate opportunity. Take care of them now. Also start getting your tax files ready. Small businesses face the challenge of response. It is a key factor for growth and survival. If your small business needs quick turnaround time, then make sure you have a pitch perfect organization. It would be unfortunate to lose an opportunity just because you couldn’t find a file or didn’t have proposal done in time. Implement proper policies, procedures and sound organizational techniques before 2015 so it does not have to be in your plan.

5. Command and Conquer

A good business owner knows how to delegate tasks. A very good one knows the strengths of the people they have working for them. See how your plan applies to each member of your workforce. The goals of your plan may correspond with the goals of your team. Giving team member’s responsibility creates trust and also will free up time for the owner to focus on higher end business engagements.

I would like to thank Patrick Coughlin for his help on preparing this article with me. Patrick is a Marketing Analyst at Consultants 2 Go. Don’t forget, you can email me at Peggy@Consultants2Go.com with any questions you might have and I’ll be glad to answer them. You can also follow my business and me on Twitter @peggymchale and @consultants2go.

 

Peggy is the co-founder of Consultants 2 Go® (C2G), a consulting firm that provides marketing solutions to Fortune 500 companies in the Financial Services, Telecom, Life Sciences and other industries. Consultants 2 Go was just named to the Inc. 500/5000 List as one of the fastest growing companies in the United States. Prior to starting C2G, Peggy was a Vice President at American Express. She holds an MBA from St. John’s University and a BA from the College of Mount Saint Vincent. She recently served as a member of the Advisory Board for The Academy of Our Lady of Peace, New Providence, NJ.

The opinions expressed herein are the writer's alone, and do not reflect the opinions of TAPinto.net or anyone who works for TAPinto.net. TAPinto.net is not responsible for the accuracy of any of the information supplied by the writer.

TAP Into Another Town's News:

You May Also Be Interested In

Sign Up for E-News

New Providence

Refugee Assistance Partners of NJ to Host World Refugee Day Event

June 17, 2018

Refugee Assistance Partners (RAP) of New Jersey will be hosting a World Refugee Day program on Wednesday, June 20, 7 pm at Willow Grove Church, 1961 Raritan Rd, Scotch Plains.  RAP, a non-profit, volunteer organization of Union County, recognizes and salutes the tenacity and gifts, skills and talents of refugees worldwide.  Spokesperson, Jill Segulin said, “We recognize the ...

Berkeley Heights Street Fair set for Sunday, June 24: Local talent, Free Rides, Touch a Truck & more

BERKELEY HEIGHTS, NJ - The annual Berkeley Heights Summer Festival and Street Fair will take on a down-home, local flair when the sixth edition kicks off on Sunday, June 24th.

This year’s festival - sponsored by The Connell Corporation, the new Embassy Suites Hotel and Grain and Cane Restaurant, is expected to draw nearly 20,000 people, according to Paul Neuwirth, owner of Taylor ...

Drawings by Mel Holston on Exhibit at Pearl Street Gallery

The Union County Board of Chosen Freeholders is pleased to present an exhibit of drawings by Plainfield resident Mel Holston, located in the gallery space at the Union County Office of Cultural and Heritage Affairs at 633 Pearl Street in Elizabeth.

A selection of Mr. Holston’s work titled, “Motherland: Life in Black and White,” will be on display at the gallery until August ...

Watchung Borough Mayor and Council Approve Affordable Housing Settlement

June 9, 2018

WATCHUNG, NJ -The Watchung Borough Council voted on Thursday night  to settle its third round affordable housing obligation mandated by the state of New Jersey. Watchung Borough’s immunity from builder's remedy lawsuits  expires on June 30.

 Mayor Stephen Pote was forced to cast the deciding vote after the council deadlocked at 3-3.

Union County Freeholders Support LGBTQ Community with Historical Pride Flag Raising Ceremony

June 4, 2018

ELIZABETH, NJ - The rainbow flag, a symbol of pride and independence fly’s high at the Union County Courthouse in recognition of June as LGBTQ Pride Month. 

This historic event by the Union County Board of Chosen Freeholders, and the Office of LGBTQ Services, Department of Human Services and many others, brought dignitaries and people from all over New Jersey to the steps of the ...

Scotch Plains Mayor Al Smith Attends Gun Safety Bills Signing Ceremony with Gov. Murphy in Trenton

June 14, 2018

TRENTON, NJ -- Mayor Al Smith attended a gun safety package bill signing ceremony at the Richard J. Hughes Justice Complex in Trenton on Wednesday with Governor Phil Murphy. Mayor Smith joined a bipartisan group of local and state elected officials, as well as members of Moms Demand Action of Union County, at the event. 

“As a leader in Sandy Hook Promise, I was happy to accept the ...

Upcoming Events

Carousel_image_7f6c107703df2d416aa6_barre_intesity

Mon, June 18, 8:00 AM

Providence Health & Fitness, New Providence

Barre Intensity

Health & Wellness

Carousel_image_e7f53aa67b8e7cb310c5_vinyasaclass

Mon, June 18, 9:15 AM

Providence Health and Fitness, New Providence

Aroma Flow Vinyasa

Health & Wellness

Carousel_image_a4801a3d56342db1596a_pilates_reformer

Mon, June 18, 10:00 AM

Providence Health and Fitness, Providence

Pilates Reformer

Health & Wellness

Carousel_image_3c7abbb40c05a3108a26_yoga_stretch

Mon, June 18, 11:00 AM

Providence Health & Fitness, New Providence

Hatha Flow Yoga

Health & Wellness

Carousel_image_3c7abbb40c05a3108a26_yoga_stretch

Mon, June 18, 11:00 AM

Providence Health and Fitness, New Providence

Hath Yoga Flow

Health & Wellness

Carousel_image_e7f53aa67b8e7cb310c5_vinyasaclass

Mon, June 18, 6:30 PM

Providence Health & Fitness, New Providence

Vinyasa Flow Yoga