Time can move at a rapid pace when you’re a business owner. The days merge into one and before you know it your first year of business is complete. When you’re working so hard it can be easy to forget to check in on how your business is tracking. Incorporating the below tasks into your monthly to-do list will ensure your business is going in the right direction – which can make all the difference to its success!

One of the most important decisions you’ll have to make when first starting out your business is choosing the right business structure. Why? Because it significantly affects your business legal and operational risk, asset protection, tax obligations and legal costs. Whilst it is possible to change structures down the line when your business is more established, this can be a complex and costly process. Therefore, it’s best to choose the right structure from the ‘get go’ that reflects your business’ future goals.

Name a more potent marketing tool than client referrals, we dare you. Word of mouth referrals are a quick and efficient way to build your business and accelerate your profits ­– and the best part? They are absolutely free.

There’s no denying it: business is hard. But it can also be one of the most rewarding adventures of your life – and there are always ways to make it easier.

A commonly held belief in business is that if someone can’t afford your product, then you either need to make it cheaper or find a different customer. However, the truth is that Customers rarely make decisions based on price; they make decisions based on perceived value.

Mary Kay Ash of Mary Kay Cosmetics famously stated: ‘Ideas are a dime a dozen. People who implement them are priceless.’ This is where a business coach can be invaluable. The fastest way to learn is to study a successful person who has walked the path you want to walk.