Home Business Resolutions for the New Year

The tradition of making New Year's resolutions dates back to ancient Babylon, according to educator Jerry Wilson from wilstar.com. While the specifics may have changed over time, the underlying desire to improve and grow remains the same, especially for home-based entrepreneurs. Here are some resolutions that can help enhance your home business in the coming year.

H2: Resolution #1: Improve Record Keeping

If you're in the habit of stuffing your receipts in a shoebox or the bottom of your purse, you're likely familiar with the struggle of sorting out your tax returns. You might even be missing out on some legitimate deductions. Start the new year by saving and categorizing every receipt, marking those that are fully deductible. Develop a practical filing system and stick to it.

H2: Resolution #2: Monitor Your Mileage

If you're not already tracking your business-related auto mileage, you might be surprised at the potential tax savings. The 2001 rate is 34.5 cents per mile. However, it's crucial to maintain accurate records in case of an audit. Tax expert Jeff Schnepper suggests keeping a tape recorder in your car to record mileage and expenses as they occur, in addition to maintaining a written log. You can find useful shareware for tracking auto expenses at winappslist.com.

H2: Resolution #3: Organize Your Accounts

If you've been procrastinating on setting up a business bank account or installing a new accounting software, the new year is the perfect time to get started. Remember, having a separate bank account is one of the factors the IRS considers when determining if your home enterprise qualifies for business-related tax deductions. For more tax advice, visit Eva Rosenberg, also known as the TaxMama.

H2: Resolution #4: Enhance Customer Service

Commit to responding to emails promptly, updating your business voicemail daily, and treating your customers the way you'd like to be treated. For more tips on growing your business through excellent customer service, visit parentpreneurclub.com.

H2: Resolution #5: Revise Your Business and Marketing Plans

You can't reach your goals without a clear plan. Your business and marketing plans are your roadmaps to success. For specific suggestions, visit parentpreneurclub.com.

H2: Resolution #6: Prioritize Self-Care

Home-based entrepreneurs often juggle multiple responsibilities at once. Amidst taking care of their families and businesses, they often neglect their own needs. This year, make a resolution to set aside a few hours each week for self-care activities, whether it's exercising, meeting friends for coffee, or enjoying a movie.

As the late Dr. Seuss once said, "These things are fun and fun is good...This year is gone, this year was fun and next year is another one!