9 ways to future-proof your business in 2023

We’ll dive into nine ways you can future-proof your business and stay prepared for uncertain times.

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This means understanding whether your business is in a cyclical or non-cyclical industry.

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Tip: Set quarterly and annual business goals and develop key performance indicators (KPIs) so you always have metrics to look back on to help inform future business decisions.

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There are many competencies within your business, but when it comes to future-proofing, proper management of your business’s financial statements is of the utmost importance.

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Part of providing great customer service—which 56% of small businesses say is one of the top secrets to success—is listening to your customers.

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Finding a financial advisor doesn’t have to be hard. SmartAsset’s free quiz matches you with fiduciary financial advisors in your area or who serve your area. If you are ready to be matched with financial advisors that can help you achieve your financial goals, take the quiz now.

9 ways to future-proof your business in 2023

We’ll dive into nine ways you can future-proof your business and stay prepared for uncertain times.

This means understanding whether your business is in a cyclical or non-cyclical industry.

Understand how the economy can affect your industry

Tip: Set quarterly and annual business goals and develop key performance indicators (KPIs) so you always have metrics to look back on to help inform future business decisions.

Analyze past performance

There are many competencies within your business, but when it comes to future-proofing, proper management of your business’s financial statements is of the utmost importance.

Properly manage your finances for lean times

Part of providing great customer service—which 56% of small businesses say is one of the top secrets to success—is listening to your customers.

Listen to your customers

SWIPE UP NOW TO READ MORE!

Finding a financial advisor doesn’t have to be hard. SmartAsset’s free quiz matches you with fiduciary financial advisors in your area or who serve your area. If you are ready to be matched with financial advisors that can help you achieve your financial goals, take the quiz now.

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