Business Year End Wrap up – Home Business Carnival #14

With the start of the New Year, oncologist here’s an edition on wrapping up the past year and starting the new year on a good footing.

For a year end review, Frank Ross recommends the following:

  • Analyze what worked well
  • Analyze what did not work
  • Look for what can be improved
  • Explore new opportunities that may not have existed before
  • Review your business plan (You do have one, right?) to find out if it is still valid

Read his full post.

Melody Campbell’s has a more customer focused advice: wrap up

  • Identify your most profitable customers, study their characteristics
  • Establish or fine tune the marketing message to the prospect
  • Identify the most effective activity to reach your prospects
  • Understand your sales cycle, and look for ways to optimize the longest parts

Read what she has to say about wrapping up business at the end of the year.

Also very useful to reassess, at least once a year, are the reasons you got into your Home Business, or started your Side Business.  And if you still have what it takes to be an entrepreneur.

Barbra reminds us that it is a very good idea to take a close look at upcoming trends for the new year. She lists the top 5 for food businesses.
And of course, this list would not be complete if it did not include taking a look at your tax situation.

This concludes this 14th edition of the Home Business Carnival. The 15th edition of the Home Business Carnival will be hosted here at Start a Side Business and the theme will be about Marketing (Planning products, pricing, promotion and distribution). Submit your articles now. I look forward to receiving your contributions!

Be sure to checkout the second edition of 5 on the 5th, a new monthly series where I selected last month best but off topic submissions. A very good read!

A new carnival is starting: the Work At Home Entrepreneurs Carnival. I look forward to the first edition!

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