What is the legal entity of your business? 

If you respond "I don't have one" that means you are either a sole proprietor or a partnership (if there are two or more of you).  You may need to form a new legal entity this year — but that is a topic for another blog post.

If you have business that is a separate legal entity from yourself — a corporation, Limited Liability Company (LLC), or another such entity — you need to be honoring that "separate-ness."  Small business owners, especially one-person shops, commonly are being too casual about business practices, ignoring the "red-tape" of administering a corporation or LLC.

Why does it matter, especially if you are a one-person shop?  More on Are You Honoring Your Entity?

Everything you do should be tied to your passion — what you uniquely have to offer the world.  Not filing, not answering the phone, not email tag, not keeping the books. 

Many business owners first try to replicate themselves, with the idea that they only want to hire people who can create more money, bring in more clients, or sell more products.  But that's the wrong place to start.  More on Leverage by Delegation: How to Get More Done in Less Time

As your business starts to produce an income, how should that money be spent?  Invested back into the business, for growth?  On personal expenses?  When do you start paying yourself a salary?  When should you start your retirement plan?  More on Prioritizing Your Profits