The end of the year tends to fly by in a frenzy of holiday activities and social obligations, so it’s easy to push aside some of your financial tasks. But it’s important to set some time aside to prepare yourself and your business financially for the next year. Here are three steps you can take now to insure you have a financially fit 2015!
1. Complete a yearly review: Before you start planning for 2015, it’s important to evaluate where your business is today. Think about the goals you set at the beginning of the year and whether or not you were able to achieve them. What did you do successfully and what could you do differently? Make a plan for 2015 with these thoughts in mind. If you achieved your goals easily, consider setting more challenging goals next year. If you had some difficulty completing them, rethink these goals and brainstorm new ways to reach them.
2. Evaluate your problem areas: Before the New Year begins, it’s important to zero in on any money zappers in your business environment. Do you consistently have an issue completing certain tasks on time? Consider hiring additional staff or an outside professional. Are payroll and other financial services taking up too much administrative time? Subcontracting these services out may be a good investment in 2015.
3. Reach out to your best customers: With the holiday season upon us, now is the perfect time to connect with your loyal customers. Thank them for their business this year and ask for their feedback. They’ll appreciate that you’re interested in what they have to say, and you’ll be able to serve them better in the next year.
For more information on Telhio financial services, visit www.telhio.org or call 614-221-3233.
Telhio Credit Union is open to anyone who lives, works, worships or goes to school in Franklin, Fairfield and Delaware counties and the surrounding communities including Dublin, Johnstown, London, Orient, Pataskala and Reynoldsburg. Founded in 1934, originally as the credit union for the Columbus Telephone Co., Telhio is a not-for-profit financial cooperative where its members are also its owners. Driven by its philosophy that members come first, Telhio is committed to the highest standards of responsibility and conduct. Telhio offers a variety of innovative programs, services and products to support its members’ financial needs. Telhio offers six branching offices throughout central Ohio and nearly 4,000 shared branching locations nationwide. Additionally, Telhio credit union participates in the highest level of combined federal and private share savings insurance available, insuring deposit accounts up to $500,000.*
* Federally insured by NCUA. Additional coverage up to $250,000 provided by Excess Share Insurance Corporation, a licensed insurance company.