Your Business New Year's Resolutions

Last Updated: 

March 17, 2023

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As we get closer and closer to Christmas, now is a good time to start thinking towards the year ahead. With the business world moving at such a fast pace, if you don’t continue to progress and make changes, you are only going to get left behind. With that being said, in this blog post, we are going to take a look at three key New Year’s resolutions that all businesses should have. So, let’s dive right in…

1. Prioritise Data Security

With every year that passes, the need to prioritise data security is getting stronger and stronger. This is because cyber criminals are getting more sophisticated in their approach. From ransomware to phishing, there are so many tactics they use to find a route into your business and steal your data.

This could be a disaster for your company. A lot of businesses have been forced to shut down for good after suffering such an attack.

To make sure this does not happen to you, there are a number of things you should do throughout 2019. This includes running a KYC Check. KYC stands for Know Your Customer. This is the process of confirming the identity of all of your clients to ensure your company complies with the regulations that are in place and does not fall victim to fraudulent activity.

Aside from conducting a KYC check, you also need to ensure you update all of your software at the earliest opportunity and you need to educate your employees about how to behave safely online. Network segregation is also of paramount importance.

2. Revamp Your Website

In addition to this, you should look at revamping your website throughout 2019. There are new web design trends coming into vogue all of the time, and you need to keep on top of SEO advancements too.

Luckily, revamping your site does not require a huge expense. Using a website creator is a cost efficient solution. This also means that you have complete control over what your website looks like.

When making changes, you should focus on enhancing the user experience of your website. From navigation to load speed, all of these factors impact the experience your website provides, which has a huge influence on your search engine ranking.

3. Dedicate Time Every Week to Bookkeeping

Last but not least, if most people reading this are honest, they do not handle their bookkeeping commitments as efficiently as they should. In fact, a lot of business owners are way behind on their record keeping. Does this sound familiar?

In 2019, you should set an amount of time every week to going through your books. Make sure you schedule it in on your weekly calendar so that you do not keep pushing it to the back of the to-do list.

Not only will failure to keep your books up-to-date mean you are always in a bit of a worrying position if HMRC come knocking but you could be missing out on money-saving opportunities and tax breaks too.

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