As the year ends and we take stock of our personal lives, and before you sing Auld Lang Syne at midnight tomorrow, here are some resolutions to consider as entrepreneurs.
Some of us may be inclined to think that the number of heartbeats we have is pre-determined. Perhaps, but keeping healthy would be the best way of extending our days.
Eat well. Eat healthy. Make a resolution to eat better. Quit smoking. Cut down on drinking. Lose weight. Exercise more. Get a gym membership. Follow the health advice of D:Code’s Alvin Ho. Live longer. Live well.
Entrepreneurs go through a tremendous amount of stress daily, so a fit and healthy body would be the best strategy for countering that. So go ahead, make the first resolution for yourself in 2020 – to get healthy.
Take a holiday
Give yourself permission this year to take a well-deserved break. Have that holiday you keep telling yourself you’ll take. Making a resolution that’s actually a holiday plan would be a fun and motivating way to begin the year. You started your own company to be your own boss, but many bosses, unfortunately, live their lives as if they are their own slaves. Taking a holiday would also give you a chance to disconnect, to recharge. It improves creativity, it motivates you psychologically and it’ll make you more productive, so you’d come back from it happier and more effective at work.
So resolve to make that holiday a priority in 2020. You could see an excellent return on investment when you return from that holiday.
Take care of business
Review and update your business plans – make sure they are aligned with your goals for the immediate future and the long term. Lower your expenses – for both business and personal matters. Plan better, as this will help you see the big picture better. Manage your time more effectively. Prioritise your tasks and spend time only with the important ones. Delegate as much as possible. Measure your progress regularly by setting targets and regularly evaluating your efforts so you know if you’re hitting these.
Do something for the community
You’re a success mainly because of the support – emotional and financial – from family, friends and also business associates. Make a resolution to give back in 2020 to those around you – a younger or newer business, or even the less fortunate in your community. Don’t just write a cheque. Volunteer your time and effort, too, for doing so gives your business or company a human touch and helps you connect with your community.
See how some billionaires have given back to society here.
Make a deeper connection with your clients
Like all relationships, we should never take the ones with our clients for granted. Make a resolution to recommit to serving your customers better and making them feel appreciated. Reach out to them to see how you can deliver a better product, or thank them for the support they have given you. Remember, your clients are your competitors’ prospects. Also, it costs a lot more to get a new customer than to keep an existing one, so make a resolution to concentrate on not losing any clients.
Make a deeper connection with your employees
Tell your staff, or remind them, of your vision for the New Year. Be a good leader to them: raise morale when needed, delegate tasks, drop a kind word, empower your troops, and engage them daily. Build a deeper and more personal relationship with each of your staff members, and also give your staff a learning and development programme so they can feel that they are growing within the company.
Learn to be more appreciative
Make a resolution to be more appreciative of the efforts of those around you. Having an attitude of gratitude could create a much more positive environment. It is also contagious – show you appreciate your staff, your clients, the people who are around you, and you will notice it coming back to you.
Above all, remember why you decided to go into business in the first place, and remember, too, that while you ay not want to rest on your laurels, it is nevertheless good, too, to appreciate the endeavours that you yourself have made in the past year, so resolve to appreciate yourself, too.