8 things to do before the end of year
8 things to do before the end of year (30 realistic work days left)
When your business is organized and in top shape, it can handle sudden expansions and positive business boosts without creating chaos and needing to adjust to temporary setbacks that you haven’t thought of or dealt with previously.
- Review where you are losing money and time on paper, filling the forms digitized but manually, issuing repetitive invoices manually and digitalize that part of the business process.
- Pay all the open invoices for software solutions and search for better ones that will match the changes that your business may need to adapt to and avoid losing thousands of euros during the next year’s period. You can’t believe how easy data transfer can be done sometimes.
- Cancel software subscriptions that are not used or can be substituted for more economic, modern and convenient solutions. Choose for dynamic ones, where you can frequently lower or increase the number of users based on the season and number of employees. Even smallest companies with lowest subscriptions can save 1.800 to 2.000 € per year. Spend that money for teambuilding and fun.
- Review the number of employees and software subscriptions so you don’t pay for the employees who are no longer with you.
- Estimate expected end of years profit. The end of the calendar year means that tax time is just around the corner. It’s time to think about squeezing in any major business purchases before the year ends so that those expenses can be claimed on this year’s taxes return.
- Set autopay for the most important subscriptions that your business depends on. Avoid automatically denied access data if you miss the monthly payment deadline.
- Consider adjusting the type of storage to your business needs, organization size and geographic conditions. Choose the best from on premises, cloud or hybrid.
Get information where the data centers are located for maximum safety. If in Europe, consider how possible floods would affect your business. Collect data from all providers and compare them. Utilize the servers and hardware you have purchased – one time purchase/fixed licenses are the better deal in some cases. - Stay up to date with cyber security news from the region and attend free or affordable events in your area to get best possible information for decision making. Sometimes, the most beneficial information stays hidden and is shared only among IT security professionals in person.
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