New Year's Resolutions for Your Business

January is the start of a new year and many of us have already made (and perhaps even broken) an array of resolutions to change our lives for the better in 2023. Of course, it’s not just your personal life that could benefit from a change of direction and a promise to make improvements. If you run a business, the start of the year is the ideal time to take stock of your company and make a New Year’s Resolutions for it.

In this article, we’re going to take a look at five possible New Year’s Resolutions that are practical, achievable, and beneficial for any kind of business:

Find new premises

Nothing says “fresh start” like a new building. Sometimes a business needs to move location for practical reasons, such as downsizing or upgrading, but often a change of setting is reason enough to make the move. Staying in one place for too long can be detrimental to your team’s creativity and staff morale.

At Centaur Properties, for instance, we provide warehousesshops and offices to rent in Liverpool and many of our clients change buildings on a regular basis in order to open themselves up to new opportunities.

Adjust your strategy and drop anything that isn't working

Making positive changes for your business doesn’t just mean doing something new – it also means looking at your existing processes and discarding things that just aren’t working. Take the time to go through your company procedures and take feedback from your employees about your current business strategies. You will always be able to find things that are holding you back, whether its antiquated equipment, long-winded procurement processes, or anything else. Now’s the time to do away with the dead wood and adopt a new approach.

training and development

Learn a new skill and invest in staff training

The key to improvement is to always be learning new skills, even if they’re not directly related to your business. Learning for learning’s sake is always a good thing, as it keeps your mind sharp and gives you new and innovative ways of looking at things.

Don’t just concentrate on yourself, either. Commit to investing in staff training in 2023 to give them the skills they need to flourish as both employees and individuals.

Join a new industry organisation or networking group

In today’s business world, networking is key to growth. The sharing of ideas and best practices among your peers helps your local industry to flourish. By joining a trade body, networking groups, or other industry organisation you get your brand noticed by the very people who can benefit from your products or services. More importantly, you get to make personal connections with other business leaders, giving you the chance to help one another grow.

Give back to the community

You don’t get to be successful in a bubble. If your company is growing, it is thanks to the community that you have settled yourself in, so be sure to give back. There are plenty of ways to do this, whether making donations to a local charity, sponsoring a youth football team, donating equipment to a local school, or something else. Why not act as a mentor to school leavers looking to take their first steps into the business world? Get your team involved too, by giving them a few days off throughout the year to volunteer with a chosen group.

Here at Centaur Properties, we offer warehouses, shops and offices to rent in Liverpool and the surrounding area. If the New Year’s Resolution you have in mind for your company includes finding a new commercial property to house your business and team, get in touch with us today on 0151 525 5569. We can advise you of current availability and also arrange a free viewing of any of our properties.