Top 5 Tips For Giving Your Business A Spring Cleaning

Top 5 Tips For Giving Your Business A Spring Cleaning

Leadership | Posted by - March 25, 2016 at 12:30 am

Baby, it’s cold outside. But spring weather is just around the corner, we swear. With New Year’s resolutions now a thing of the distant past, we can look to spring as a time for clean sweeps and fresh starts. It’s also a great opportunity to take stock in your business. Here are our top five tips to get your business shipshape this season:

  1. Conduct a Supplier Audit: When was the last time you talked to your suppliers about how much you pay? Think of all your recurring expenses. If you’ve maintained the same supplier relationships for at least one year, check in to see if you can negotiate better rates. Sometimes all you need to do is ask. We have successfully used this strategy to reduce costs on everything from raw materials pricing to credit card rates. Your business is in high demand, so if you don’t make any headway with your existing suppliers, check out the rates at the competition.

  2. Do a Virtual Cleanup: It’s difficult to feel completely in control with a cluttered inbox. Now that we receive most of our information electronically, it doesn’t take long for the inbox to become completely unwieldy. Get up-to-date with your email correspondence by cleaning out your inbox, then archive and delete that which you no longer need. If you’re not yet using an app to get organized, now might be the time to check them out. OneNote (now available for free) and Evernote remain two popular choices.

  3. File It: Make sure that your paperwork is organized and safely stored, and archive your old files.

  4. Get Your Books in Order: How would you feel if someone wanted to take a peek at your financials? If the thought makes your heart sink, meet with your accountant this spring to make sure your books and tax filings are up-to-date. Before we sold our first business, we were randomly audited. The good news was that our books were in order, so the audit really wasn’t a big deal at all.

  5. Tidy Up: Get some temporary help to help you clean up any junk lying around the office. Give away what you can and chuck the rest.

With all of the day-to-day demands on our lives, cleaning up doesn’t always make it to the top of the “To Do” list. But why not make this year the year to get organized for growth?

Tags: organizing, spring cleaning, tax filing, virtual cleanup, profiles, business, money, organization, save money

Fix My Biz
Amy Ballon and Danielle Botterell frequently speak on the topic of entrepreneurship to the media, at seminars and conferences. Both women received MBAs from the Rotman School of Management at the University of Toronto. They founded Admiral Road Designs, which they sold in 2013 after more than 11 years. These days, the best friends continue to work together, advising other entrepreneurs via their business, Spark Consulting
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