Turn New Year Plans into Profits

Happy New Year!

The start of the new year is a great time to reflect and make plans on how to improve your business this year. Don’t let all those good ideas go to waste.

Turn your plans into results

Improve your business by turning your plans into results by using these five successful techniques (adapted from a University of Hertfordshire study).

1. Break your goal into small manageable steps.
2. Write down your plan including the steps to be achieved.
3. Measure your progress.
4. Set rewards for yourself and your employees when you achieve a step or milestone.
5. Focus on the benefits of success. Research shows people are more successful when they focus on succeeding and its benefits.

Start 2011 with an action plan that will improve your profits, cash flow and lifestyle. The action plan should not be formal and stagnant. Choose one or two things to change in your business. Spend an hour or two developing a one page plan using the five techniques. Continually review your plan every three months as your business evolves during the year.

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