With the year coming to a close, there is no doubt business owners have been planning their 2017 moves for months. From determining budgets to establishing your marketing plans, here’s our list of bases you want to make sure you cover before the year is up!

Evaluate Your Business Processes

Take a good look at what’s working for your business and what needs changing. If the changes are big, you can start implementing them before the year is over. This is an essential first step to tackle before diving deep into your 2017 business transformation.

Focus on Profitability

Create a financial model by closely monitoring your expenses, looking over and possibly updating your marketing plan, and building your projections.

Set a Savings Goal

Business owners should have a savings goal in place by the first day of the new year. This goal should be measurable, and achievable within a realistic time period. Consider the unexpected expenses you had this year, and make sure you’re prepared for the year to come.

Create a Budget

Deciding on and strictly following a realistic budget is an easy way to eliminate unnecessary spending. It’s imperative that you keep your budget in mind to reach your set savings goal.

Keep Up on New Tax Rules and Regulations

Stay on top of the new federal, state, and local tax rules and regulations each year. Some updates like filing dates and changes in tax rates may seem small but can have a significant impact on the success of your business.