Help your business succeed in 2017

Help your business succeed in 2017

It’s 2017. What are your goals for this year? Have you already taken the time to decide what you want to do and where you want to be this time next year? If you do have goals, outstanding, we want to offer some advice to help you achieve them. And, if you haven’t set any goals, there’s no better time than right now to sit down and take a long, hard look ahead at all the opportunity you can seize in 2017.

Take Care of Your Team

In pursuing your business goals, never forget to take care of your people. A well-cared-for employee base is a tremendous benefit for your business. That doesn’t mean you need to build a gym or give them two-hour lunches, bean bag chairs and extra vacation days. What it does mean is that you get to know your team and find out what they need to be their best.

Stay Current with Industry Trends

Pay attention not only to what’s happening in your business segment but what will happen down the road. The ability to accurately predict market trends is a huge competitive advantage. Don’t just guess or assume. Pursue real answers through accurate market research, data crunching and listening to your employees and customers.

Fight Complacency Tooth and Nail

Pursue challenges and information that make you curious and inspired. Don’t allow yourself to fall in or stay in a rut. While there are certain things you must do every day, that doesn’t mean you should allow yourself to become lackadaisical or assumptive. Keep your mind and your perspective fresh and evolving.

Know Your Market

They’re different than last year, even than they were last month. Study your market, stay ahead of the trends and invest in programs that create a need for your product and service while meeting the need where it’s needed most.

Be Better Than Your Competition

Never let the Other Guys know more than you do about what you do. The only thing stopping you from being the most well-informed professional in your line of work is your effort. This is about more than just learning what you don’t know – though that’s important – this is also about learning more about what you do know and never assuming you know it all.

Finally, don’t let it all get too complicated. Keep your systems and your approach simple.

So, what about it? Have you already applied any of these business tips? Are there any others you would add to the list?

Elie Hirschfeld is a NY real estate developer.