It’s finally 2013 and if you’re reading this, then you survived the supposed apocalypse, fiscal cliff, and the busy crush of the holiday season! But, now it’s back to work as usual for now. With the first weeks of the New Year in progress, it is time to take a step back and look for resolutions that your business can make to improve your bottom line and get back into the best financial shape you can. To help you out, we have put together a couple of tips to get you started.
Fire Your Bank - Some banks are notorious for high fees and unnecessary charges when it comes to business accounts. The New Year can be a good time to review what you are getting for the money you are being charged. If you aren’t 100% satisfied, then start shopping around for a new bank. Once you find a better deal, talk to your current bank and let them know that you are going to be moving on unless they can do better. If they don’t leap at the chance to keep your business, then cut them loose!
Review Employee Performance - This is normally the least popular step for any small or medium sized business, but it is very necessary for good financial health. Each employee needs to be performing to the best of their abilities for your company to succeed to its fullest. Take stock of your team, ask them to review the last year, and make the necessary adjustments. Sometimes, these adjustments will mean cutting a position or replacing an ineffective employee, other times it will be the motivation that everyone needs to bring their A game.
Grill Your Suppliers - A company cannot operate on a good business model alone; it needs supplies and the material to do business to make money. If your company is like millions around the world, then you get your supplies from somewhere else to avoid having to buy them yourself. The reality is that this company may not be giving you the best deal out there. Start looking around, just like we did with your bank, and come back to them with your other alternatives for business supplies. Chances are that they will work with you to avoid losing your business.
Making 2013 a more profitable year can start right now! For more help improving your business’s productivity and profitability, contact TeleDirect today for call center services with real results. We specialize in growing your business one call at a time.
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