This Business News Story Was Uncovered By Us From: http://www.youngupstarts.com/2019/01/24/the-2019-checklist-for-growing-businesses/
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by Travis Crabtree, President and General Counsel of Swyft Filings
As we welcome the new year, we consider the new year’s resolutions that we may (or may not) carry out. We explore new fitness regimens, recipes to cook, and new books to actually finish. Businesses work in a similar fashion, seeking out new tools and resources to help spur growth, drive efficiency, and increase profitability. The difference between personal and professional goals, however, is that you definitely want to carry out next year’s goals for a business.
Through careful planning, execution, and, well, resolutions, your new business can meet its goals, large and small. Luckily, we at Swyft Filings created a checklist to prepare you for the new year:
1. Re-evaluate your funding.
The funding that was once available to you when first starting out might not carry through into the new year. If your business has seen growth, it requires more capital for expenses such as utilities, inventory, equipment, and staff.
If you weren’t as lucky and didn’t see a good year in 2018, it might be time to explore new means of financing. Either way, re-evaluating your business’s funding needs — loans, angel investment, lines of credit, and grants — can only help you, not hurt you. If you can’t afford an accountant to determine your funding needs, applications such as Quickbooks or Wave are helpful bookkeeping tools to track your expenses and follow your debts.
2. Check your business’s compliance.
Make sure all of your necessary filings have been done, such as tax filing and your business’s periodic statements. After confirming your basic paperwork is in compliance, you need to check several other areas to make sure you are taking care of the little details such as the … Read More
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