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January 2009
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… And a Crafty New Year!

Now is the time to work out the goals for your business for 2009 so that you can get the year off to a successful start.  Take the time now to write down your projections and your desired outcomes for the next twelve months.  Make a chart that you can keep handy and refer to throughout the year.  Consider laminating the list and using wipe off markers to check off your goals as you reach them.

While you’re doing your year end filing and preparing your financial records for tax season, make note of last year’s figures for your business.  Make a list of your monthly sales figures for 2008 and consider whether your business is set to expand or remain flat during these times of economic uncertainty, and you will be better prepared for the new year since you will then have a better handle on what to expect for future sales. 

Make a table of last year’s monthly sales along with this year’s projected sales, and keep track of your progress throughout the year.  If you have several years worth of data, you may want to put a few years worth together to get an indication of seasonal variations.  This can also help you to be better prepared, and more profitable, as it will help with your business planning.  For instance, you may find that spring and the winter holidays are your busiest sales periods, so you may want to focus on spending any advertising dollars during the slower periods – like summer – to increase sales during slow periods, or plan to devote these slow times to creating more inventory. 

Use of these techniques can help you to be more productive, make better use of your time, and raise your bottom line in 2009!  May you have a happy and successful new year!

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Author, Instructor & Pattern Designer

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