Collaborative post – may contain affiliate links
With the end of the year drawing to a close, you need to start thinking about some important changes that you might need to make to your business to improve it. Some of these changes you need to do by law, some are just going to improve the overall running of your business. Without them you’re either going to face fines, or fall behind your competition. You should always be striving to be the best you can be, so follow the advice below to make sure you enter 2018 the right way.
As a business owner you might feel invincible, but there are certain laws that you need to follow if you want to avoid facing some serious fines. Take Steve Jobs and Apple at the minute. Apple is being investigated for tax fraud as there are claims being made that billions of dollars worth of tax payments have been dodged by going through overseas accounts. But why would such a big wealthy company avoid paying their tax payments? Well, it’s all down to greed. The more money they can pocket the better. But as soon as they get found out they face enormous fines, as well as having to pay the dodged tax back. So, if you’re a business owner and you’re think, I might try and get a bit of extra money here and there, then stop! You will be found out eventually. There’s also new changes being made the IRS rules, if you need information on this you can find it through Corporate Direct. It is an important matter, and it does need to be addressed before the 31st of December. Getting tax right in business is so important so make sure you’re clued up about it, especially if you’re a new business.
So, from the essential to the non essential. If you want to stay ahead of the game you need to keep things fresh. Try making some office improvements to try and boost productivity. The one thing that makes the mood drop in an office is the atmosphere. If things are too regimented it can make the working day go a little slower. Bring in fun working policies such as dress down every day. Some people like dressing smart for work, but being able to come in wearing what you want (to an extent) creates a much more relaxed atmosphere. Even something like a longer lunch hour to give your staff time to recharge will boost productivity. You need your employees to be happy in their job for your company to succeed. You also need to look at how you can do better than your competitors. Where they’re failing you can succeed. If they’re bad for customer service, use this to your advantage and thrive in this area. If they’re selling cheaper, yet better products you need to find a way to reduce your production costs and do the same. No customer is going to chose you over a cheaper, more reliable product.