The year has gone by fast, and now that it is already almost August, it is time to make a checklist to ensure that your business is on track for the remainder of the year.
We have put together a list of tasks to help you get your tasks in order so that you will be in a good place to capitalize on all the business opportunities that arise throughout the remainder of this business year.
- Check that your books are up to date
Few things are more of a headache than the mad rush when tax season arrives. Even though tax returns are typically due in early in the year, organizing tax-related information is a year-round necessity. This includes checking your corporate expense accounts are up to date, your invoicing is accounted for and settled, and your other book-keeping chores are on track. Don’t have a book-keeper managing your week-to-week accounting and expenses? Now’s a good time to get one on board.
- Meet with your CPA
July is a good time of year to schedule an appointment with your CPA or book-keeper. With the aid of your CPA, you will gain a solid grasp of your current business finances, and you will be better equipped to make budgeting decisions accordingly for the remainder of the year. Be sure to talk to your book-keeper too and keep them up to date on your finance goals for the remainder of Q3 and Q4, and make sure that they’re keeping a finger on the pulse of incoming and outgoing funds.
- Assess General Business Operations
While checking off everything to do with financial administration is useful this time of year, so is assessing your business’ general operation so that you can determine what is running smoothly and what needs to be re-strategized for better performance. From responding to client or customer communications to analyzing employee performance, if you are a small business owner following a mid-year checklist (find one on this blog post!) will help to organize your time so that you will be as productive as possible.
- Give your Website and Marketing an overhaul or fine-tuning
Mid-year is a good time to assess how effective the online presence of your business is, as well as marketing strategies in general. If your website is in need of a design overhaul, now is as good a time as any to bring in designers who will help you to draw clients/customers through online content. With the festive season (the busiest time of the year for product-based businesses and service providers alike!) fast approaching, it’s a great time to make sure that everything is in place for up-coming promotions and festive activities.
- Get more hours in your average day
It might sound impossible but it’s not: hiring a virtual assistant can help you to free up more time in your day, giving you a much-needed boost to help get things done. Whether you’re outsourcing research and analytics, or design and promotional work, hiring someone to take on some of your workload is a tried-and-tested ways to get more hours in your day.