
By Beth Dobkin
Preparing your business for the new year is about strategically positioning yourself for growth and success. From analyzing financial statements to planning for employee training, the steps you take now can set the tone for the months to come. Below are 10 ways to ensure you are ready to seize every opportunity that comes your way this year!
- Review your goals from last year. Assess what you achieved, what didn’t work, and how you can adjust your objectives for the upcoming year.
- Analyze your financial statements, including income, expenses, and cash flow. Create a budget for the new year, considering any changes in the market or your business operations.
- Revise your business plan to incorporate new insights, market trends, and changes in your industry. This will help you stay focused and aligned with your long-term vision.
- Look at the effectiveness of your current marketing efforts. Consider new platforms or strategies that could help you reach your target audience more effectively in the new year.
- Explore new tools and technologies that can streamline your operations, enhance productivity, and improve customer experience. AI is a perfect example of using technology to improve efficiency and get things done that you traditionally leave to the last minute.
- Plan for employee training and development. Invest in your team’s skills to ensure they are equipped to meet the challenges of the new year.
- Gather feedback from your customers to understand their needs and expectations. Use this information to start, stop or continue products or services you offer.
- Create a calendar of important dates, deadlines, and events for the new year. This will help you stay organized and proactive.
- Reach out to other businesses and professionals for networking opportunities. Plan to attend QSC Catalyst (March 24-26) and PHCC CONNECT 2025 (Oct. 27-30), both industry favorites that provide education, collaboration and networking opportunities.
- Don’t forget to take care of yourself! A well-rested and healthy leader is essential for a thriving business.
QSC business coaches can help you strengthen your business and plan for the future! Learn more at phccweb.org/qsc, or contact Beth Dobkin at dobkin@naphcc.org or 916-835-5013.
Beth Dobkin is the Program Director for Quality Service Contractors (QSC). QSC is a professional network exclusively for members of the Plumbing-Heating-Cooling Contractors—National Association (PHCC). QSC provides specialized business management resources, services, and training for plumbing and HVACR service and repair contractors.