New Year resolutions are very common for individuals seeking health, wellness and prosperity within the upcoming year. Business owners can have the same resolutions for the business as they have for their personal life.
Often times business experiences slow seasons. It doesn’t matter what industry you are in, there will be seasons and times of the year where business is just slower than other times. It is also widespread to experience times of extreme busyness where it can seem nearly impossible to keep up. One of the biggest struggles for businesses is staying afloat during those times of drought.
A great New Year resolution for business owners is to work on business finances. Of course rent, mortgage payments, insurance, payroll and monthly expenses can quickly add up. By speaking with a financial advisor many business owners can begin to take control of their finances a bit better. It is important to make this resolution before the near year. Set up an appointment with a financial advisor so it occurs immediately after the new year.
Another New Year resolution for business owners is to consider cutting additional expenses. This does not mean laying off employees, this means making conscious spending choices. Scrutinize your vendors bills as well as your monthly utility expenses. There are always ways to save and to have expenses cut back.
Other new years resolutions include wellness of your business. Perhaps a face list to make the place more enjoyable and welcoming. If the décor is dated or the establishment simply seems a bit cold and stoic then it is time to make it welcoming for employees and clients alike. Some textiles, warm hues and plants can really make a business feel more inviting. Weed through those dated magazines in the waiting area and refresh the break room for your valued employees.
Tips On Achieving Your New Years Goals
Achieving your new year’s goals is completely attainable. It is common practice to make yearly resolutions and then let them fall to the wayside. In order to stick to your business resolutions, you will want to schedule them into your planner as if they are an important meeting with a valued client. This is the best way to stay on track. Establish your meetings with your energy saving representatives as well as your financial advisor. When the time slot is created, you’ll stick to the meeting. If you are not handy with redecorating and making a space feel welcome then you will also want to go ahead and schedule an interior designer to come in and refresh your business. Once you make your resolutions to have these changes made you should instantly go about scheduling the appointments.
Recruit your staff with your new year’s resolutions. By scheduling a staff meeting about changes that will be made around the office you are actually creating a support system. When your staff knows that you will be making updates around the space, they will want to take part. Update to energy efficient appliances to make saving energy and money on your monthly PECO expenses much easier. Have employees clean their work spaces and crowd source them for things they dislike about the facility as well as things they really like. If you are making program changes with tech or exchanging office equipment it is important to ask them what they like and dislike. This will make them feel involved and give you important feedback for upcoming decisions you will be making.
A lot of businesses are family run businesses. If this is the case for your business you will want to discuss these new year’s resolution changes with your family as well. If they are all partners within the business, they have a right to know about any changes you may be implementing and by getting them on board you will have more support in the upcoming rejuvenation months.
New year’s goals for your business can be simple or extreme. Make sure you have room in your budget and in your schedule for any changes you plan on making for the upcoming new year.