Before you know it, the end of the year has crept up on you. With it comes a myriad of things you need to get done and out of the way, from closing accounts to the numerous bits of paperwork that officially call the year to close for your business as well. This is especially frustrating for the small business owners who have fewer hands on deck, so in order to help you along we developed this quick checklist that will get you started:

- The first thing to do is take stock of your taxes. With just a few more days to go, you can make a calculated guesstimate as to how much your annual income will be. As such make arrangements to make a declaration of income as soon as the New Year begins.

- You should also look at all the aspects of your product line and see which ones are not doing as well as others. Unless you have a valid and fixable reason for this, you could consider closing that line since it will lose you money in the long run. It will also leave you resources and room to look into another aspect of your brand you could expand into.

- Do you have any large investment purchases to make? For instance a new freezer to stock your meat in your restaurant on an outdoor shopping area for your store. This is a good time as any to do that since you probably have the highest income you made all year sitting in your bank account or cash register right now.

- It is also a good time to look into any necessary service enhancements you want added on to your business…..Expand here

Last but not least, prepare a detailed budget and marketing plan for the year, concurrently estimating the income you want to be making based on your activities and spend. Depending on how your business is run, you could record potential income either monthly or quarterly – making plans to review them periodically in order to ascertain if you are getting it wrong or right.