A GOOD YEAR
Here we are at the end of the year. So, how was it? If it wasn't so good, why? If it was great, why? It's always a good idea to crunch those annual numbers to complete the business puzzle. These days, just the fact that you're still in business is a positive statement. A common answer to the question is, "Ok, but it could be better. " Absolutely. How do we make it better?
It's like history; you can't know where you're going unless you see where you've been. What kind of mistakes were made? What products were your most profitable? Where can you cut some overhead? Should you add more equipment or find a supplier who can do the job better? Can you add lines and take the business in a different direction?
There are many more questions, of course, but you probably know what they are. Finding those answers are paramount. Your numbers don't lie. It's how you interpret those numbers that will make your business more successful.
Here's to a new, exciting and profitable year. Keep asking those questions and find the answers you need to be in the black, and green.