“A founder should set their goals (resolutions) as early as possible in the new year. Then devote all their energy and talent into getting there. With enough of the proper effort, they may achieve it or may find something that is even more rewarding. But in the end, no matter what the outcome, you have given your best effort and often made a significant contribution.” – Walt Disney
Goals Topics: Why, Trendy, Leadership, Health, Less = more, Sociable, Hire Smarter, Empathetic, Cash Flow, Never stop Learning
As we rapidly approach the New Year, it’s the time to start thinking about those resolutions that we’ll work on in 2018. The problem with resolutions is that they often fail, because we’ll never reach these un-reasonable & un-realistic goals. We’re entrepreneurs, we always try to conquer the un-conquerable goals.
SMART Goals (Specific, Measure-able, Achieve-able, Relevant, Timely) New Year’s Resolutions can help you gain perspective and achieve goals that can make you a stronger individual both personally and professionally. Here are 10 New Year’s Resolutions that every Entrepreneur should consider as they welcome this upcoming year.
1. Remember: Why you became an Entrepreneur.
Regardless if you’re in a rough patch or enjoying substantial growth, never forget why you became an entrepreneur in the first place. For most of us, we had an idea to make the world a better a place in our niche. Take the time next year to reflect on why you embarked on the entrepreneurial journey. Use that to guide you going forward.
3. Keep up with Current Trends.
Paying attention to the news provides entrepreneurs with insights into their markets, so that they can make more informed decisions. We live in a small and connected world now. What’s going on around the world can impact your business.
4. Become a Stronger Leader.
One of the biggest challenges that entrepreneurs face is being an effective leader. This means delegating tasks, rallying the team – when morale is low – creating an environment that encourages creativity & out-of-the-box thinking – never losing sight of your Vision.
5. Improve your Health.
How do you expect to effectively run a business if you’re exhausted or burnt out? You need to be healthy mentally, physically & emotionally. Give your immune system a boost. When you eat healthy & exercise, you are more productive & happier + get tasks accomplished on time.
6. Spend less time in the Office & get more done.
Working <60 hrs\wk wont over-stress your brain, but also refresh & improve your overall health. The place isn’t going to burn down just because you took a <60 hr marathon day, vacation or a long weekend.
7. Get more Social.
Social media is one of the best ways to engage & interact with customers, spread brand awareness & connect with influencers + investors in your industry. If you have a Facebook, Twitter or LinkedIn account that is dormant, spend the next few months being active and optimizing these channels. It’s expected.
8. Hire Smarter.
Hiring the right people is crucial for business owners. They’ll bring out the best in you and your current team. They’ll help your business grow, because they’ll be your biggest brand advocates. And, low turnover keeps costs low. Hiring isn’t easy, but attracting and retaining talent that fits in your company’s talent & culture greatly increases your chances of success.
9. Be more Empathetic.
Empathy is “the feeling that you understand & share another person’s experiences & emotions; + the ability to share someone else’s feelings.” It is one of the most beneficial traits an entrepreneur can possess. Communicating empathetically with customers, employees, shareholders and investors helps your business succeed. You’ll understand what’s important to them and they will appreciate that you care enough about them to make that a priority.
10. Know your Cash Flow.
Don’t think that understanding the basics of Accounting & Cash Flow is unnecessary just because you have an Accountant. All entrepreneurs should familiarize themselves with at least basics since this will help them;
- Make Financial Predictions by examining future revenues, future operating costs, and assets needed to handle future demand.
- Lower your Expenses as much as possible (both personal & business)
- Measure the Progress of your business so that you know whether or not you’re hitting targets.
- Improve your Personal Credit, because personal credit is a factor in getting business loans.
Bonus #11. Never stop Learning.
Whether it’s attending a class at your local college or participating in a free online course, learning a new skill such as marketing, programming, leadership or public speaking will make you a more well-rounded & productive entrepreneur.
Here’s to an amazing, prosperous 2018 !!!
Comments: Do you know any other Resolutions that would be good for 2018?
from Entrepreneur.com 12/17 enhanced by Peter/CXO Wiz4.biz
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