As business owners, the start of the New Year is an easy opportunity to reevaluate our businesses, reflecting back on what’s worked, what hasn’t, and what we’re focused on throughout the next 12 months. 

And that goes for your business finances too. 

In this episode, Sydney and Kristen dive into the 12 things every business owner should do at the start of the year to help understand their finances, evaluate their income and spending, and plot goals for the year ahead. 

These 12 focus areas will allow you to get a full understanding of your business finances and help you see what’s needed to achieve your financial goals in the New Year.

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02:08 – Financial planning

02:14 – Tax planning

02:39 – Reflect on the previous year

06:29 – Set clear goals

10:29 – Review and update your business plan

12:01 – Evaluate your marketing strategies

14:42 – Employee review and development

16:42 – Technology

17:56 – Customer feedback

19:44 – Risk management

22:58 – Networking

31:14 – Personal and professional development

33:14 – Share your 2024 goals with us!