This post is in partnership with Entrepreneur. The article below was originally published at Entrepreneur.com.
Now that December has arrived, it’s time to make some smart moves to set up your company for an even better next year.
Here’s my seven-point checklist for entrepreneurs at the year’s end:
1. Set the stage for growth.
Can your company accommodate the growth forecast for next year? Review your projections for next year and be sure to plan appropriately in each area of the budget.
Do you have the sales staff to meet the revenue goals? Have you adequate office space to accommodate the hires? How will an increased number of clients strain customer service? Will an increased amount of traffic affect Internet costs?.
2. Get the books in order.
If you haven’t been doing your books monthly and paying taxes or setting aside money, you’re on the naughty list. Perhaps you haven’t spent enough time reviewing the numbers and the company’s performance.
Be sure to examine the financial reports carefully and compare the changes from years past. Note if any results are off and make a plan to push the numbers in the right direction next year.
3. Gather with staff.
You might be thinking about your business all the time, but it’s easy to not communicate your thoughts with staff. You might have changed the company’s direction or added services without bringing everyone to the table.
The end of the year is a great time to reflect on the company’s performance, talk about challenges and accomplishments and plan for the year ahead. Have a meeting before your holiday party so that the festivities don’t have to involve talking business.
4. Seek out savings.
Big expenses that hold the promise of significant growth dominate your thoughts. Look at any big-ticket items for next year and figure out if you can pay them off for a guaranteed savings.
Monthly software services, for example, often grant 20 percent off to those who pay a year in advance. Likewise a landlord might offer a 10 percent discount if rent is furnished for the entire year. Spot these savings and make an investment now. You’ll save money over the long haul.