a It’s Time to Prepare Your Small Business for 2023 by gianmatteocostanza | Dec 13, 2022 | Entrepreneurship, Gianmatteo Costanza
Despite the various challenges small businesses faced this year, they could still overcome them. These include rising interest rates and the lack of proper supply chain management. As a new year begins, it’s crucial that you take the time to review and improve your business. This will allow you to make improvements and keep improving.
Re몭ect on What Worked Besides reviewing the amount of money, you’ve earned and spent over the past six months, consider your business decisions. These include hiring people, developing a marketing strategy, and maintaining a website. After reviewing all these details, you should identify what you like and how much money you’ve spent. You should also keep a record of all of the decisions that you’ve made so that you can maintain them going forward.
Investigate What Didn’t Work It’s essential to review the money that you’ve spent on various projects and initiatives. Although it’s possible that some of these were unsuccessful, it’s also important to remember that this is part of the learning curve.