4 New Years Resolutions for the Small Business Owner
Every year, we take the opportunity to look back and reflect on the 12 months that just flew by. When we’re caught in the middle of things, looking at the big picture can be a real challenge. Starting 2019 off on the right foot will set you up for success – it’s also easier than you think! Let’s take a look at 4 resolutions to help you and your small business sail through the year with ease.
1. Focus on your work-life balance
As a small business owner, separating your life from your work can seem like a daunting task. The business is your baby and you want to do everything in your power to protect it – as you should. But, if you push yourself too hard, don’t be surprised if you burn out. Set a resolution to schedule your time, in and out of work, take breaks and as we’re about to see, be willing to delegate.
Here are 20 tips to get you started.
2. Improve Your Delegation Skills
Stepping away from your business is always hard, but if you’re leaving it in good hands maybe, just maybe, you’ll sweat a little less. As you built up your team, you likely focused on hiring employees that are loyal and committed to the business. As an owner, it can be hard to imagine anyone cares about your lifeblood as much as you do, but those employees do exist! Take the time to work on building that trust and delegate responsibilities accordingly – there just isn’t enough time for you to do it all yourself without some negative side-effects.
Need some help letting go? Forbes has you covered.
3. Revisit Your Business Plan
Resolutions are just as much about looking back as looking forward. What were your hits and misses? Going back to your business plan is a great way of gauging your progress. It’s highly unlikely you’re at the exact same point you were at the beginning of 2018, you may have already taken your goals as far as you can. It’s important to keep your plan up to date, what better way to start the year than with a solid strategy? Now, you’ll be able to plan your short-term actions to achieve your long-term objectives!
If you need a quick refresher, check out Entrepreneur’s guide to Updating Your Business Plan.
4. Set KPIs
If you don’t have KPIs (key performance indicators), how will you measure success? KPIs should not only be worked into your business plan but upheld and constantly evaluated.
If you’ve never used KPIs or need some tips and ideas on which ones to use, Clear Point Strategy will set you off on a path to success.
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