As business insurance brokers, we know all too well that most businesses look forward to the end of year so everyone can enjoy a much needed break. However, with the New Year looming, now is the perfect time to start thinking about some goals for next year. Let’s take a look at some of our favourite New Year resolutions which may resonate for you and your business.

1. Fine tune work life balance

As a business owner, it’s easy to find yourself working long hours while neglecting your personal life. Make this year the year where you work towards finding a positive work life balance which allows you to prioritise downtime to avoid burnout. Think about practical strategies to allow this to happen, such as delegating more to other employees.

2. Improve communication

Communication is key when it comes to running a successful business, whether it’s with customers or employees. To improve communication with customers, think about your digital marketing campaign and implement strategies such as email marketing or regular social media posts. With your employees, keep the lines of communication open with regular meetings.

3. Review business plan

A lot of businesses have a clear business plan in the early stages but then forget to review it. The New Year is the perfect opportunity to sit down and go through your business plan to make sure it’s relevant and up to date. Think about your short and long term goals and adjust your business plan so it’s more in line with these goals – after all, your business has probably comes a long way since the early days.

4. Support the community

It can be incredibly rewarding for businesses to become more involved in their community so think about what you’d like to give back. Whether it’s mentoring less experienced people in your industry, volunteering with a local community group, or donating to a charity, there are plenty of ways your business can support your community.

5. Cover your risks

As any business knows, the unexpected can happen and it’s important that you protect yourself financially. With this in mind, make sure you take the time in the New Year to review your insurance package to ensure that all of your areas of risk are covered. Better still, speak with an insurance broker as they can analyse your business and come up with an insurance package which will give you the cover you need at the right price.

If you need a helping hand from business insurance brokers Perth to get your business sorted for the New Year, the experienced team at GSK Insurance Brokers can help. As one of Australia’s leading insurance brokers, we’re committed to providing tailored insurance solutions to businesses of all shapes and sizes. Let us cover your risks today!

For the best insurance brokers Perth, contact GSK Insurance Brokers today on (08) 9478 1933.

December 31, 2018

By Graham Knight

Founder and Managing Director of GSK Insurance (established in 1981). Graham draws upon more than 50 years’ experience in the insurance industry, working in both insurance and broking across various private, public and government sectors in Australia.

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