The Entrepreneur’s End-of-Year Checklist

It’s that time of year: the time to enjoy hot cocoa by the fire, build a snowman with the kids…and square away the loose ends of your business. Doesn’t that sound fun? Well, if you define “fun” as being prepared for 2011 then, yes, it will be fun.

Here are four end-of-year tasks that will help you start 2011 off right:

1. Revisit that classic holiday tale: your 2010 financial documents.

Let the ghost of business past guide you through a review of your 2010 cash flow statement, income statement, and balance sheet. If you don’t have the time to prepare these documents, consider hiring someone to prepare them for you. Here are the lessons you’ll learn…
A) …from your cash flow statement: whether your business’s net cash flow went up or down, and where the money went
B).…from  your income statement: get a snapshot of the year with this simple formula: Revenue minus Expenses = Profit (or Loss)
C)…from your balance sheet: a summary of your business’s assets, liabilities, and equity.

2. Spruce up your website.

Some elements to consider:
A)Is your contact information current?
B)Do your links and contact forms work?
C)Is your domain name in need of renewal? Check to be sure!
D)Is your site’s content fresh?

3. Shovel the snow off your online doorstep.

Don’t cut yourself off from the world by failing to have an online presence. Now is a good time to ensure that your business is listed on Google Places and Maps, as well as in directories like Open Directory,, and Yahoo! Directory.

4. Bake a tasty year-end survey to send to your customers.

The end of the year is a good time to inquire into how you can better serve your customers in 2011. But instead of asking a general question, like “How are we doing?” try to find out whether they have any unfilled needs or undiscovered issues.

Happy end-of-year planning!

About the Author: Irina Kabigting is Webs’ Social Media Marketing Manager. Get more from Irina on Webs’ Blog and Google+.

7 Responses

  1. Reply
    Dec 14, 2010 - 01:45 PM

    Thanks for the info!

  2. Reply
    Dec 15, 2010 - 05:31 PM

    Great tips! My personal favorite is #3.

  3. Reply
    Dec 22, 2010 - 11:49 AM

    Good reminders re #2 and 3! It is so easy to inadvertently let these things slide when if feels like there is so much to tend to … one can easily fall into the trap of “I’ll get to those tomorrow, next week …” LOL. Truth be told if you don’t stay on top of these the bigger the task becomes and bigger loss of opportunity as technology, tools and online customers’ expectations are evolving so quickly.

    Another point I would add is reviewing the past year’s objectives … in particular what wasn’t achieved and why so things can be tweaked for next year and doing same old things with same old disappointing results can be avoided – perhaps this would tie in to task #4 of better meeting customers needs

  4. Reply
    PR Dept.
    Dec 22, 2010 - 07:44 PM

    Webs you have grown along with ~MJIB~Co. Productions for the past 7 years. Congratulations on the New Look & We look forward to 2011. List is Great!

    God Bless.

    ~MJIB~Co. Productions / The Canadian MJJ Office

  5. Reply
    Dec 25, 2010 - 08:48 PM

    Thank u so much for the advice. Happy Holidays!

  6. Reply
    Jan 10, 2011 - 08:44 AM

    that’s is good

  7. Reply
    Bakare Henry
    Feb 05, 2011 - 04:30 AM

    Webs has made many people like me to develope great knowledge and interest in web building without having to spend lot of money to study web building. On the behalf of my friends I introduced to webs that are enjoying the assistance from your support team, I say kudos to webs. I pray you continue with this great job of your.

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