5 ways to strengthen your business for the new year
- ByPolk & Associates
- Jan, 09, 2020
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The end of one year and the beginning of the next is a great opportunity for reflection and planning. Now’s a good time to think about ways to strengthen your business for the new year. Here are five ideas: 1) Compare your 2019 financial performance to budget and determine what went right or wrong. 2) Create a multiyear capital budget to anticipate expensive purchases. 3) Assess the competition to identify major players and how you should respond. 4) Review your insurance coverage to ensure you’re adequately protected. 5) Analyze market trends to evaluate where things stand and where they’re headed. Contact us for help implementing savvy moves to make 2020 a strong year for your company.