Tuesday, December 27, 2011

Last Week for Year-End Checklists

ChecklistI know that I’ve encouraged you in previous posts to take care of your business now to prepare it for a more prosperous 2012.

Let me take this last opportunity to remind you:

  • Take care of your clients so they can prepare their businesses for next year
  • Send a year-end remembrance to your best clients and an email to the others
  • Meet with your tax accountant and review what you can do now
  • Meet with your financial planner to review what you can pay down on investments to help with next year
  • Pay all outstanding invoices to reduce your tax burden next year
  • Ensure that your books are completely up-to-date and in QuickBooks
  • Defer income until next year appropriately. Consult your tax expert
  • Make business related purchases that will position you well for next year
  • Write off obsolete inventory by giving it away or scrapping it. Track the disposal
  • Update your business plan, including product enhancement and marketing campaigns
  • Update your promotional materials, marketing vehicles, and sales systems
  • Update or start a blog to enhance your position in the market and your expertise
  • Calendar personal, family, and business activities, meetings, and activities for 2012
  • Create a list of new clients or others you would like to add to your business
  • Reduce or eliminate the clutter in your office, production and other facilities
  • Create a mastermind group, marketing team, business coach, and other supporters

This list may seem intimidating for you during the last six days of the year. That’s why I discussed it earlier in the month.

Choose the things you can do and do those. Good luck.

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