Today's Black Executive February Issue

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10 NEW YEAR TIPS FOR BUSINESS OWNERS bY TEG

•Set measurable goals: Start the new year with a clear plan of what you would like to achieve, and make sure to set attainable goals that can be easily measured.

•Refresh your business plan: Make sure your business plan is up-to-date and reflects current market conditions. •Invest in marketing: Invest in marketing to ensure that your business is reaching its full potential. •Network: Networking is key to any business, so make sure to attend events and build relationships with potential customers and partners.

•Hire the right people: Make sure you are hiring the right people for the job. Those with the right skills and attitude can make a huge difference to the success of a business. •Focus on customer service: Customer service is a key factor in any business, so make sure you are providing the best possible experience. •Utilize technology: Technology can be a great tool and can help to streamline processes, saving time and money. •Evaluate your processes: Take a step back and evaluate your processes to make sure they are running as efficiently as possible. •Take advantage of tax incentives: Make sure you are taking advantage of all the tax incentives available to you. •Invest in yourself: Take some time to invest in yourself. Whether it’s taking a course or attending a workshop, investing in yourself can have a positive effect on your business.

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