Anthony Bilby on Small Business Tips for the End of the Year | Los Angeles, CA

Besides using them for your personal life, New Year’s resolutions also come in handy for business. As the year draws to a close, taking stock of what you’re doing to improve your company’s performance is essential. Here are five ways your business can start the new year off right.

Think About Incorporating

During the year-end, it’s also an excellent time to reflect on your company’s accomplishments. One of the most common forms of business that small businesses use is a sole proprietorship. If you’re considering incorporating, it’s essential to consider the taxes that would be required to be paid if you convert to an LLC or corporation. Having an effective January 1st date can make the preparation of financial statements easier.

Review Tax Papers

You should make time to review your tax documents and address any issues that may come up with the IRS. Tax advisers can help determine if you can take advantage of additional deductions. Doing so can help you save money on taxes.

Look Over Business Documents

Take the time to clean out your business documents and update your Business Plan. Doing so can help ensure they’re in good condition when you return to work in the new year. Having the necessary paperwork in order can help ensure your business runs smoothly. In addition to maintaining a good record of your business activities, you should also regularly update your licenses and other permits.

Give Your Employees Feedback

Your employees are vital to the success of your company. At the end of the year, make sure that all of them have their annual evaluations. Also, make sure that you have the necessary policies and contracts in place, such as an Employee Handbook. A good record of your activities can help keep the organization running smoothly.

Create New Goals

The last quarter of the year is a great time to review and analyze your company’s performance. It’s also essential to assess if the business is moving in the right direction and if its current practices are adequate. Doing so can help you set goals for the new year and make minor adjustments.

About Anthony Bilby

Anthony Bilby is the Founder and General Sales Manager at VegaTech Commercial Group. As an IT consultant, Anthony brings a creative and solutions-oriented approach to sales. He listens to customer challenges, fully understands customer needs, and develops strategies around what can better transform the enterprise, increase efficiencies, decrease costs, and increase security. Anthony brings a consultative approach; designing what customers need in order to achieve the ideal infrastructure for their business. Anthony Bilby is well versed in core sales methodologies and combines them with his real-world working experience.

Anthony started selling door-to-door when he was seventeen. While most are intimidated by the moment the door opens, that first moment of uncertainty, Anthony adapted and began honing his entrepreneurial spirit at a young age allowing him to thrive in this boiler-room-type atmosphere. Tony takes the time to fully understand not only the product he is selling, but the myriad of ways it could be useful to a potential customer. His in-depth and diverse industry experience gives him the ability to provide real-world examples and analogies to fully explain technical capabilities to non-technical decision-makers.

It is very important to listen, truly understand customer challenges, and then provide as much value as possible. It not only shows the customer that a consultant is knowledgeable about the product, but that they can also be relied upon and trusted. It’s also important to stay with the customer for the long haul, never give up, and stay positive. Sales, in the end, is a contact sport, a numbers game, and the best person to provide the most value, consistently, wins.