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Spring Cleaning For Your Business

4/1/2018

 
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Spring Cleaning For Your Business
All of us have areas of our lives that are disordered and in need of attention. And for small business owners, that could well extend to the enterprises they've founded and work hard to maintain. While the back office of your business might require some dusting and vacuuming, now is also the time for cleaning up your files, inventory, receipts and other business information.

While this task most likely won't be a cinch, it doesn't have to be insurmountable either. Here are some essential steps for cleaning up and reorganizing the most vital parts of your company's finances and operations.

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. If you live in an area that may be at risk for flooding, talk to your agent about flood insurance to make sure your business is protected.

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. Speak to your agent to start spring cleaning your coverages today. Don't have an agent? Click below to find one in your area. ​

​BENEFITS OF WORKING WITH AN INDEPENDENT AGENT

  • Puts your needs first.
  • Finds the right coverage at the best value.
  • Gets to know you to help you manage risk the right way.

​Call now: 888-268-0037 or click below to contact an agent in your area. 
​
CONTACT AN AGENT

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  • Business
  • Auto
  • Home
  • Digital Toolbox
    • LinkedIn Best Practices
  • Flood
    • Hurricane Preparedness
  • Infographics
  • Prep Guides
    • Coronavirus Information
    • Spring Maintenance Guide
    • Fire Prevention & Safety
    • Winter Preparation For Your Home
    • Winter Preparation For Your Business
    • Winter Preparation For Your Vehicle
    • Hurricane Preparation