Smart Resolutions: Start Preparing Your Consumer Finance Program for 2023
Ahh, New Year’s resolutions. Easy to make, but hard to keep. Or at least that’s what they say. The reality is that resolutions are only hard to keep for a short amount of time; by the time they become a habit, those resolutions cease to be something you have to resolve to do, and more like second nature. But what makes for a good New Year’s resolution? And why do we even make them?
In the simplest terms, a good New Year’s resolution is one that we can realistically keep, and which has an obvious benefit to them. As for why we keep them, well, the most obvious reason is that it offers us a chance for a fresh start. A chance to cast off the shackles of yesteryear and go ahead and do something important that we’ve been meaning to do for a while.
For retailer business owners, those “meaning-to-dos” can quickly pile up. With as busy as retail businesses get throughout the year, there is hardly enough time to keep up with the day-to-day business, much less deliver on ambitious, long-term plans for improvement. The best-laid retail plans often end up by the wayside as businesses simply focus on doing what they need to do to survive and keep their customers happy.
And yet, it is obvious that eventually any retailer will have to refresh some things. Old marketing campaigns have to be retired. Outdated packaging needs to be swapped out for something fresher and more alluring. Retail storefronts need to be updated and websites revamped to keep up with ever-growing customer expectations.
And so, it would be wise for many small business owners to make a New Year’s resolution to finally move ahead with the things they’ve been putting off. To make those longstanding commitments a reality and commit to business improvements beyond the superficial. While it may be daunting to do so, it’s important to remember that the competition is always looking for an edge; stagnation on the part of your business in the form of not making positive change could be just the edge they’re looking for.
Make This Resolution for Next Year
A New Year’s resolution should be a specific commitment. This year, we encourage you to make a strong commitment to updating and improving your consumer finance program. When run properly and integrated as a central part of your retail business, a customer financing program can be a revenue booster, help you establish stronger customer relationships, and provide much-needed flexibility to the customers you serve in a challenging economy. On the flip side, a poorly-run or outdated consumer financing program can be a big time sink, and cause more harm than good for your business, your customers, and your employees.
Fortunately, FormPiper is here to help you deliver on your New Year’s resolution. As a full consumer financing automation solution, FormPiper simplifies and streamlines the financing process from beginning to end with convenient managed and self-managed services, making things quicker and easier for both you and your customers. It’s the perfect way to ensure that your resolution to up your consumer financing game is one you can keep until it’s simply second nature.