Factoring | Invoice Discounting

Setting New Year’s Business Resolutions

Date Added: Wed December 5 2007

There’s a psychological impact to making formal Resolutions at the beginning of a New Year. Make 2008, the year of exceptional growth.

1. Formalise your Business Resolutions by setting them out. Post the final Resolutions on a prominent bulletin board, and distribute copies to all employees and members of management.

2. Assign responsibility for implementing each Resolution. Select a date for reporting results for each Resolution, including an ongoing report during the year, if possible.

3. Identify a benefit to the business for each Resolution. When possible, set a realistic benefit goal in quantifiable terms, such as percentages or numbers.

4. Identify a potential benefit to employees for each Resolution. Give as much thought as necessary to providing recognition and rewards for employees who assist with implementing the Resolutions.

5. Affirm management’s commitment to making the changes by providing sufficient support for each Resolution.

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