COVID-19 Business Resources

How To Use The New Year’s Fresh Start Effect To Make Your Business More Profitable

Anyone who owns a business, whether it’s a small side business or a big and growing business, obviously wants it to be profitable.

Maybe you’ve been dragging your feet when it comes to implementing new models and strategies that could improve your business and make it more profitable.

Chances are, come the New Year, you’ll be changing all that. Here’s why:
The Fresh Start Effect

The “fresh start effect” was studied by Psychologists who found that turning points in life that mark a new beginning (such as a New Year) can empower business owners (and just people in general) to improve their habits and get their act together.

If you’re a business owner (whether you’re a blogger, a vlogger, a t-shirt designer or a jewelry-maker) you’ll notice a surge in your motivation to succeed when the New Year approaches, and that’s what the “fresh start effect” is all about.

It’s Common To Re-Evaluate Your Business Model At The Start Of A New Year                         

Since the New Year marks a new beginning and also marks the passage of a significant amount of time, you’ll suddenly start thinking about all of the things you could improve in order to make your business stronger and better.

You might re-think your business’s social media strategy, decide to opt for a business loan to get more advertising options, or maybe you’ll decide that your current content marketing efforts just aren’t cutting it anymore. You’ll find that with the New Year comes a real opportunity for a fresh start to rectify all of these problems.

The day you started your own business was a significant milestone in your life, and you’ll be sure to give it your all. See how motivated you suddenly are? The fresh start effect is already working!

Positive Changes in Business Will Increase Profit Margins

Anything that re-directs your focus back onto your business will help increase profit margins. If what it takes is a transitional symbol like a New Year, then so be it. It will work, you will find the motivation that you need, and you’ll suddenly want to reflect on any mistakes you made in 2019 when it came to your business.

Let 2020 bring you and your business a fresh start. Call Mulligan Funding at 855-326-3564 to discuss your financing options today!

*The information shared is intended to be used for informational purposes only and you should independently research and verify.

Note: Prior to January 22, 2020, Mulligan Funding operated solely as a direct lender, originating all of its own loans and Merchant Cash Advance contracts. From that date onwards, the majority of funding offered by Mulligan Funding will be by Loans originated by FinWise Bank, a Utah-chartered Bank, pursuant to a Loan Program conducted jointly by Mulligan Funding and FinWise Bank.