New years is right around the corner, and that means one thing for entrepreneurs; it’s time to start pondering about those new year resolutions you will want to work on in 2019!
The issue with entrepreneur resolutions is that they sometimes fail because we’re always trying to go the extra mile and take over the world! But let’s face it, those goals are far too unreasonable. Though, if you set goals that are realistic this year, your New Year’s Resolutions can help you achieve those goals that can make you into a fitter entrepreneur.
Take a look at these 10 New Year’s Resolutions entrepreneurs should consider as they welcome in 2019.
1. Comprehend your finances
Just because you have an accountant does not mean that you should put aside understanding the basics of accounting. Entrepreneurs should acquaint themselves with accounting basics in order to help them do the following:
- Getting personal credit higher- Personal credit is a factor in getting business loans.
- Lowering your personal and business expenses as much as possible.
- Paying off your bad debt.
- Making financial predictions
- Measuring the success of your business
2. Your health comes first
Did you know that by having the right health habits you help prevent chronic diseases such as type 2 diabetes and hypertension?
Being healthy is vital to your success. If you are constantly exhausted, how do you expect to effectively run a business? Make sure to give your immune system a boost by exercising and eating healthy. By doing so, you are likely to be more productive and happier. That means that you will spend fewer days being sick at home and more tasks completed when needed.
3. Be a strong and effective leader
Being an effective leader is one of the biggest challenges for many entrepreneurs. Make sure you are assigning tasks and creating a work environment that welcomes outside-of-the-box thinking as well as creativity. But most importantly, ensure that you don’t lose sight of where you would like your business to go.
4. Time to get social
Today, social media is one of the best ways to engage with your clients, connect with influencers in your industry, and spread brand awareness. So if you have Instagram, Facebook, Twitter or LinkedIn accounts that have been dormant, make sure you spend 2019 optimizing these social media channels. You won’t regret it.
5. Spend more time with yourself
Making sure that you are spending enough time for your family, friends, and for yourself is the main recipe for success. Spending 15 hours in the office is a way of getting exhausted and losing sight of why you started your journey to become an entrepreneur in the first place. Step out of the office now and then to get some fresh air, take a break, and boost your overall health. The office is not going to burn down just because you took a break. I promise.
6. Keep up with current events.
What’s going on around the globe can take a toll on your business. That is why it is essential to always pay close attention to the news. Not only does it help keep you cultured, but it helps in starting conversations as well. It supplies entrepreneurs with insights into their markets in order to make more informed decisions.
7. Hire the right people.
Hiring can be tough at times, but retaining the talent that fits in your company’s culture will greatly increase your opportunity for success.
Hiring the correct people is crucial for every business. They will not only bring out the best in you, but your team as well. They will help your business flourish because they will be your biggest supporters.
8. Be empathetic to your clients
Being empathetic is one of the most practical traits an entrepreneur can possess. By communicating empathetically with your employees, customers, shareholders, and investors, you can help your business succeed. You will understand what’s truly critical to them and they will appreciate that you care enough about them to make that a priority.
9. Keep learning.
Whether it’s participating in an online course or attending college or grad school, learning new skills such as marketing, public speaking, or accounting will make you gain more knowledge and turn you into a more productive entrepreneur.
10. Remember why you started in the first place.
Never let yourself forget why you became an entrepreneur. Regardless if you’re in a tough situation or enjoying substantial growth, make sure to take the time in 2019 to recollect why you embarked on the entrepreneurial journey and use that to guide you moving forward.
Good Luck in 2019!