With the rush of the Christmas trade and festive period behind us January is a great time to consider where you want to take your business next.

In effect, make your business related resolutions for the year ahead. I think the key is to have a short and achievable list. Here are mine for 2016:

1. To introduce more new traffic generating product categories.

2. To increase stock-turn.

3. To improve floor space efficiency.

4. To grow the gross profit percentage by at least four percentage points.

Goals matter as they provide a target for the path ahead and a measure for when we look back. They need to be defined, actionable and achievable. Share them with your family and most importantly your team after all they will be deeply involved in delivering success.

What are you new year’s resolutions?