Clean up your files
Whether your digital records are backup files or primary sources of data, take stock of how organized they are. Cleaning up your files can help performance and strengthen your security. Delete old files, backup necessary files and run system checks.
Go paperless
These days there are fewer reasons to have any vast amount of paper records in your business. Across the U.S., about 69 million tons of paper are used each year. That figure accounts for a lot of trees.
Fortunately, going paperless has become popular enough that you can find many ways to do so as a small business owner. An easy way to start is to go paperless with your policies or account statements. Many companies offer online enrollment for service agreements, statements and other documents.
Take stock of your customer base
Beyond metrics such as revenue and profit, as part of your spring cleaning think anew about how customers and clients perceive your business. Are you retaining loyal buyers, or are you relying on a steady stream of many different people making occasional purchases?
Forbes, a national financial news publication, recommends focusing on customer feedback. Monitoring customer feedback and other business KPI’s are key to turning customers into brand advocates. Now could be an excellent time to update your business strategy.
Consider your partnerships
Your relationships with banks, credit unions, independent investors and other financial institutions are paramount to your financial well-being. Take a close look at interactions with these providers and decide if they offer you the services that you need the most. If not, start looking for better options and prioritize institutions that pay special attention to the needs of small businesses.
Spring clean your insurance
Don’t just let your business insurance policy renew without taking a look at your current coverage. Talk to your agent about any changes you may have made to the premises or plans at your business. Discuss risk management and ensure you are taking all of the steps to protect your business.
Your insurance deserves sprucing up, just like your home. With the right due diligence about your insurance policies, it's possible to improve coverage, save money and keep yourself protected.