It's December, the year end, time to do your year end business cleanup...

December, it's the end of the year, so let's clean up your business. "Why wait for spring cleaning when you can do it now"... Jim Blasingame. Jim Blasingame, the Small Business Advocate, is a one of the world's foremost experts on small business.  Some items on his list that should be addressed for the end of the year consists of:

Write this on a rock...Don't wait for spring. Start December cleaning today

Eliminate the stuff.
Even if you're not a pack rat, like me, you've accumulated stuff you don't use anymore. If you're not using it, throw it away; if it has value, sell it or give it away.
Deal with the graveyard.
Don't tell me you don't have one. Whether it's an old computer, printer or chair--even if it's not broken--if it hasn't been used recently, it's worse than clutter; it occupies valuable space. Sell it, give it away or give it a proper burial; just get it out the back door.
Fine-tune customers.
Use the ABCD approach: Identify the most profitable A's to the least profitable D's. Worship the A's, cater to the B's, encourage the C's and teach the D's about self-service. Customers demanding more commitment from you than they're willing to reciprocate may have to go find their future elsewhere.
Become an inventory Nazi.
As you did customers, categorize inventory from the most profitable A's to the least profitable D's. Stock lots of A's, some of the B's, maybe a couple of the C's, but never let one of the D's spend one night under your roof unless it's paid for. Remember, modern inventory management means just-in-time, not just-in-case.
Scrub accounts receivable.
Take the hit, and write off uncollectable A/R this year so you can start January with a clean list.

For the full list and to learn more about Jim Blasingame click here