With the start of a new year comes a lot of resolutions – almost everyone in the world makes a resolution or two at the start of a new year.
Most of the time these resolutions consist of promises to lose weight, get fitter, quit smoking, and be nicer.
However, your resolutions don’t just have to be personal ones; you can also set resolutions for your business – AKA goals that will help your business to grow more successfully over the next few months.
With the start of a new year, now is the perfect time to reflect on your business’s past year and decide what you want to do different this year, to ensure that your business is as successful as possible in 2018.
Below are 11 ideas to help you to do that…
1. Learn to Delegate
The chances are that your to-do list extends longer than a page in length, which means that you have too much to do.
If you continue to overwork yourself and put too much pressure on, your business will not succeed.
You need to learn how to delegate tasks to other team members or to outsource them to freelancers, to give yourself a break.
You can only work so many hours in a day, and so, it is vital to ensure that those hours count, instead of focusing on menial tasks.
2. Practice Managing Your Cash Flow More Effectively
The cash flow of your business is like the heart’s blood supply, without it there is no hope.
Did you know that 80% of small businesses that fail, do so because of a lack of effective cash flow management?
So if you aren’t already being mindful about your business’s cash flow management, now is the time to start.
3. Boost Your Digital Presence
Take everything from your digital marketing to-do list and make it a reality.
Don’t put off making your website mobile-friendly, if you still have not put together an email marketing strategy, or you are yet to add a blog to your website, make this a new year’s resolution.
Digital presence is more important than ever before for businesses, so make it a priority.
4. Charge a Fair Amount
Do you undercharge for your services? Don’t continue to do so, otherwise your business will suffer as a result.
Be brave, put your prices up, and hope that your clients value your services enough to continue to use you and your company.
5. Learn New Skills
All of the best businesses owners make it their business to constantly be learning new skills.
The fact is that the business industry is changing and developing all the time, which is why learning new skills and staying up to date with what is going on in the industry is so crucial.
6. Strategise Each Week
Don’t make the mistake of failing to strategise. If you want to ensure that your business has every chance of growth over the next 12 months, taking the time to strategise each week is crucial.
A little bit of planning and goal setting can go a long way, and it is important to realise that.
7. When Things Don’t Work, Move On
If you know that something is not working for your small business, don’t make the mistake of continuing to do it.
Instead, realise that moving on is crucial, if you want your business to be a success, that is.
If a certain technique, service, or relationship with another business is no longer working for you, move on from it and find another path to go down.
8. Promote Regularly & Consistently
When it comes to your business’s success, make sure to promote your products or services regularly and consistently, taking advantage of every platform that is available to you.
9. Keep Your Technology Up To Date
Technology has never been more important than it is now, so make sure that your business always has the newest pieces of technology and software to use.
Do this, and your business has a much higher chance of success.
10. Be a Better Communicator
Don’t focus on quantity of communication, focus on quality.
Sure, you could send out 15 social media posts in a day, but are they of a high enough quality to make an impact?
The key is to put quality first, and only do things that will have a positive impact on your business’s success.
11. Treat Your Employees Well
Make sure that you never take your team members for granted.
Employees who feel undervalued won’t work as hard or be as motivated, they are also much more likely to jump ship.
So, make a conscious effort to be kinder to your team members, and treat them how you would like to be treated.
Bonus Resolution – Throwing a Silent Disco Party
Team building is a crucial part of any business’s success, which is why throwing a silent disco party for your employees could be such a great way to make them feel more valued while allowing them to let off some steam and have some fun.
There you have it, a selection of impactful New Year’s resolutions that will change your small business for the better.