Preparing Yourself for a New Year of Business Opportunities in 2017

Preparing Yourself for a New Year of Business Opportunities in 2017

2017 is just around the corner, and it’s an opportunity for you to improve your company operations and employ a fresh, new approach to your business in the year ahead. Without making the necessary preparations, however, you might end up losing sight of your goals. So, what’re some ways to get a leg up on the competition in 2017?

Stay on Top of Technological Developments

As an entrepreneur, you need to stay ahead of your competitors by keeping up with marketing technologies, industry norms, and consumer trends. The moment you fail to keep up, it’ll be easy for consumers to overlook your brand. In the Age of Consumerism, customers won’t have to search far to know about the latest developments in the market: all they have to do is access the internet to find out. As a result, consumers expect brands to keep up with what’s fresh and new.

According to Peter Economy, a co-author of Managing for Dummies, keeping up with the current technological developments can help establish a company as an industry leader and distinguish them from competitors. He says, “If you want to win in the long run, you’ve got to be a step ahead of your competition, not just one or two days out of seven, but every day of the week.”

Set Goals for better Productivity

Keeping your team on track so it can achieve its objectives is essential to the success of your company. With monthly and quarterly goals in place, it’ll be easier for you to monitor your progress and keep score along the way. You’ll even end up improving employee morale and productivity. Setting goals are, in fact, useful to both employees and managers because it opens the lines of communication. Holding regular meetings and offering team members constructive feedback can help everyone identify potential areas for improvement and enhance the quality of a project.

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Personalize Your Offers

If you want to create a good impression on your customers, start by personalizing your advertising techniques. Employing a “one-size-fits-all approach” just won’t work — especially since consumers are bound to have varied interests. In fact, a study by Dynamic Field shows that 74% of online consumers get frustrated when websites offer them ads or promotions they’re not interested in. So, remember: before you make any sort of promotional move, know who your customers are. Then, make an offer based on their preferences to enhance their customer experience.

You might not be able to know what the future holds, exactly, but it’s an opportunity for your business to venture beyond its comfort zone and embrace new methods of conducting business. The right preparations, such as updating technology, setting goals, and personalizing offers could make a huge difference, especially in getting your business to reach its full potential.

Sources:

https://www.entrepreneur.com/article/286830
http://www.forbes.com/sites/davidkwilliams/2016/12/19/what-you-believe-you-will-see-preparing-your-business-for-2017-and-beyond/#3950b786ce98
http://minutehack.com/opinions/the-key-to-business-success-in-2017-preparing-for-uncertainty