5 Essential Tips to Get Your Houston Business Ready for the New Year
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As 2024 inches closer, it’s time to give your Houston-based business a fresh start. Getting prepped for the new year means more than just making resolutions—it’s about setting up your business to hit the ground running in January. Whether you’re aiming for growth, stability, or a complete overhaul, here are five essential tips to help you prepare your business for success in the new year.
1. Plan Your Year Like a Houston BBQ – With Precision and Purpose
Houston may be known for its barbecue, but running a business requires just as much planning as smoking the perfect brisket. To start the year off right, map out a strategy for the next 12 months. Set clear, achievable goals that will serve as your guiding “North Star.” Think about your biggest focus: is it increasing revenue, improving customer retention, or optimizing operations? Whatever it is, make sure your goals are specific and measurable.
Once you’ve settled on your overarching goal, break it down into smaller, manageable steps you can accomplish month by month. A well-laid plan will help you stay on course, even when the heat is on—just like that perfect Texan BBQ.
2. Get Your Finances in Order – Because Houston Doesn’t Do Half-Measures
Let’s face it, financial reporting might not be the most glamorous task, but you can’t afford to skip it. Review your profit and loss statement, cash flow, and balance sheet to get a crystal-clear picture of your business’s financial health. Take some time to assess which decisions made you money (and which ones didn’t) over the past year. Doing this will allow you to budget wisely and set financial goals that make sense for 2024.
Oh, and a little advice? It’s always a good idea to have a financial cushion ready for those “just-in-case” moments. If you need extra funding to get things going, Viking Funding is here to help. Give us a call at 754-240-8620 for more information.
3. Clean House – Literally and Figuratively
Before you dive into the new year, take a moment to clear out all that accumulated clutter, both in your physical office space and on your to-do list. Whether it’s organizing your files, replying to those “forgotten” emails, or settling accounts with vendors and clients, now’s the time to get everything in order. Not only will you feel lighter heading into January, but you’ll also prevent those little loose ends from becoming a big headache down the road.
4. Map Out Your Content Calendar – Don’t Let the Internet Win
In the digital age, businesses can’t afford to wing their online presence. Set aside time to plan out your marketing content for the first quarter of the year. Consider any upcoming Houston events, holidays, or trends that can tie into your marketing strategy. Whether it’s blog posts, social media, or newsletters, having a solid plan will keep your business at the forefront of your customers’ minds.
Need help getting the funds to level up your marketing game? You guessed it—Viking Funding at 754-240-8620.
5. Take Time to Reflect (and Rest) – Houston-Style
Running a business is like driving through Houston traffic—it’s fast, it’s hectic, and it can be exhausting. Take some time to reflect on the wins and challenges of the past year. Celebrate your successes and figure out how to address any areas that need improvement. But don’t forget to rest! A little downtime at the end of the year will ensure you come back ready to tackle 2025 with energy and enthusiasm.
By preparing your Houston business now, you’ll be ready to face the new year with a solid plan—and maybe even a brisket in hand.
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Frequently Asked Questions
Viking Funding offers a diverse range of financing options for business owners across the nation. We specialize in Revenue Based Financing, where businesses can borrow based on their monthly revenue. Additionally, we provide business lines of credit, business term loans, and SBA Loans, tailored to meet the specific needs of your business.
Viking Funding works with businesses in all industries, understanding that each sector has unique challenges and financing requirements. Whether you’re in manufacturing, retail, services, or any other industry, we have the expertise to support your business goals.
The qualification requirements vary by the type of financing:
Revenue Based Financing: At least 6 months in business, a business bank account, and 4 months of bank statements showing an average revenue of at least $20,000 per month.
Business Lines of Credit, Term Loans, and SBA Loans: A personal credit score of 700 or above is required, along with the last 2 years of most recent tax returns for the business, a profit and loss statement, and a balance sheet.
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