As the year-end draws closer, it is a good time to reflect on the progress of your business and what you achieved in the year. This is followed by planning how you want to develop in the coming year. Ask yourself whether you want to increase your success in the coming year or if you want to create more chances to increase your business. Below are the top ten New Year’s resolutions designed to help your small business in the coming year.

Running a small business is a dream for many people who want to do things independently and show their creative side. However, only a few small businesses thrive while the majority end up falling on the way due to various problems, one of them being a lack of the right systems. Due to the high chances of failure among small businesses, it is important to review the common small business problems and strategize methods of overcoming them. A small business owner who knows the potential problems they may encounter is far more likely to prepare for them and surmount them than the one who is unaware. Here are some common small business challenges that may adversely affect your business.

When starting a business, an essential factor that contributes to success is marketing. Proper marketing attracts prospects that end up becoming buyers, and this raises profits. Marketing is not an as easy task as it may sound. It is a complex process, more than just creating social media pages and advertising your product. Marketing must create a connection and build a relationship between the company and the consumer. As a small business owner, one of the things you can do to achieve this is to develop a comprehensive marketing plan. This plan should clearly outline how you will reach your customers through the implementation of the strategies listed. Here are some small business marketing ideas that can get you started.