+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

4 things every entrepreneur must do in January 2017

Jan 3, 2017, 16:54 IST
2017 is here! For millions of people over the world it's an ideal opportunity to consider resolutions that will help you improve yourself in the New Year—however for entrepreneurs; it's about considering approaches to grow your business.
Advertisement

This is what every business visionary must do in the beginning of 2017

Business Coach

We all know those Type A entrepreneurs, who think they can do everything by themselves. The truth is – they can’t. Whether they admit or not, their business will sink down on ego. That’s why hiring a business coach is a good idea. They can see your business from the outside; they can give a non-biased perspective of how you're doing in your business. They can push you to try harder, and stop you from doing mistakes.

Record your budget

Advertisement

Effective budgeting is critical to the long haul soundness of your business. Do you know the amount you're spending on overhead? Do you know what your profit margin is? On the off chance that you don't know how to budget effectively, get help.

Appoint Tasks

If you truly need to grow your business in 2017, you need to let go of a portion of the control. Try not to round your day with sending out invoices, scheduling meetings, and booking travel courses of action. Rather, think about hiring an assistant to help you out so you can free up your timetable and focus on errands that will really help you expand

Say no to ‘Micromanaging’

If you’re micromanaging your employees, you’re killing their productivity, creativity and most of all, their will to work outside the time and comfort zone. I’ve been there and have seen startups fall because of micromanaging, they either end up losing their staff or culture. Running a startup is not easy, we understand that part, that’s why keeping the employee motivated, should be your motto. Discipline and control can only lead to chaos.
You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article