Four ways to spring clean your small business

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Spring cleaning a small business can help one streamline operations, refocus goals, and set the stage for growth in the months ahead.

Small and medium enterprises are advised to use September as a time to reflect on how their businesses have performed and what needs to be done to prepare for the end-of-year rush.

“Your financial spring clean should involve a review of your most important financial statements, which are your income statement and your balance sheet.” “As a business owner, your spring clean should therefore involve touching base with the key individuals on your team, formally or informally. He advises business owners to review and refresh business goals, as this can be vital in ensuring that there is enough momentum to carry through the remainder of the year.

 

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