We are fast approaching the end of another financial year, and right now is a great time to start thinking and acting upon ways to improve your business. There is one key thing that can make the difference between having an ordinary year or having an extraordinary year. That thing is the goals and objectives you set for yourself and your business for the coming 12 months. There's no right way to set goals. People do it in different ways. What's important is that you do set them. Some people write letters to themselves, others create pictorial maps, and some use the tried and trusted bullet-point list.

When you're running a business, you need to manage your money wisely. A lot of first-time business owners make the mistake of spending too much. It's also easy to blow money on the wrong things. This can often have bad results for your business, so you need to avoid spending on things that don't help. The best way to spend your funds is on things which will result in profit. In other words, you should always consider how to get a good return on investment. That way, every dollar spent results in many more dollars earned. Here are a couple of business practices which give you a high return on your investment. 

 Most of you would have heard about the gaming sensation that is Pokémon GO. This augmented reality app has seen unimaginable growth since it was launched in July 2016. Pokémon GO is a location-based augmented reality game that mixes the real world with the fictional Pokémon universe. Players use a mobile device's GPS system to walk around in the real world to find new Pokémon in the virtual world on the mobile device's app. Players use their phone camera to survey the surroundings, find the wild creatures, and then flick Poké Balls in gameplay until the creatures are hit. Whether you are unashamedly addicted to Pokémon GO or you are in the other camp and frightfully concerned about the mental state of its players, there are some important lessons for business that we can take away from the recent phenomenon.