To fully maximise your time and efficiency in 2024, make sure to reflect back on your 2023: What went wrong? What went right? Which strategies do you need to modify or pivot? What can you delegate and streamline with digital tools? To do so, I offer two very simple pieces of advice: review your original business plan (or create one if you haven’t already) and empower yourself and your business with digital tools.
- Review (or create) your business plan. It’s easy to lose track of your goals and original roadmaps once you’re knee-deep in operations. Before powering into the new year, take a day or two and review your business plan to remind yourself of where you expected to be at this stage of your journey. Remember that a business plan is always an evolving document, so feel free to revise based on what you’ve achieved and learned through the year. If you find areas that you need to modify or even cancel, now is the time to do it. It’s also a great opportunity to sit down with an accountant or financial advisor to go over your budget and capital before you commit to any ambitious goals.
- Don’t underestimate the power of digital tools. As the world becomes increasingly digital, it also brings good news to small business owners. It means tasks that would have required specialised teams and resources can now be automated, streamlined, and centralised. Don’t underestimate the power of emerging tech tools to solve problems for early-stage business owners. Powerful tools like Ownr exist just to ease the administrative tedium of legal paperwork and bookkeeping—leaving busy entrepreneurs with more time to focus on building their passion and making small business ownership even more achievable.
With economic conditions continuing to be volatile and unpredictable even in the new year, I want to take this moment to congratulate all small business owners who took a chance on their passion to bring their business idea to life. Small businesses are what strengthens Canada’s culture and economy and I’m so proud that Ownr has helped over 135,000 Canadians launch their business. And in 2024, we’re going to work harder to empower even more dreamers to become entrepreneurs.
Shane Murphy
CEO, Ownr
Shane Murphy is the CEO of Ownr, a venture of RBCx that makes it easier and more affordable for businesses to incorporate, register and confidently handle ongoing legal compliance. With almost a decade of experience as a lawyer, Shane initially co-founded Founded Technologies in 2017 as an innovative, all-in-one technology platform that provided businesses with the ability to automate sophisticated legal tasks such as incorporations, equity management, and legal agreements. Founded was acquired by Ownr in 2020, with Shane moving into the role of COO. He has since moved into the role of CEO. To date, Ownr has helped over 125,000 Canadians launch into entrepreneurship
