The new year is coming soon, and businesses can prepare for it by developing realistic and strategic business goals that could help further support business efforts.
“For 75 years we have supported and provided coverage to Oklahoma business owners, so we know and understand the landscape,” said Gary Buckner, executive vice president and general manager of Oklahoma Farm Bureau Insurance. “It’s critical that businesses make time to think about ways to improve their business, and now is the perfect time. “
OKFB Insurance shares tips that could help Oklahoma business owners prepare for next year.
• Think about past goals. Those who set goals last year should take the time to review those goals. have they been achieved? This analysis can help provide a baseline for where to start when developing new goals. As your business grows, priorities often change. See if there are any goals and metrics that still need to be followed or if there is an opportunity to grow a business in a new way.
• Identify and correct weaknesses. It is essential to identify where a business can improve. For starters, consider looking internally and asking employees for feedback. This could be done as part of annual reviews or a survey. It is important to address all points of contention to maintain a healthy work environment.
Check out Yelp or Google Reviews for direct customer feedback. Consider both positive and negative reviews when developing 2022 business goals.
Plan responsibility. Goals can be a great way to track business performance and success, but holding the business accountable for achieving those goals is essential. Schedule quarterly audits to review and assess the goals set at the start of the year. This can help to account for any unexpected changes and goals could be revised as needed.
People planning for the New Year are advised to check with their insurers about their commercial or business owner insurance policy. This will ensure that businesses are protected as the New Year approaches.