With 2016 coming steadily upon us, it may be time to start thinking about that New Year’s resolution. Whether you own a small to medium-sized business or a large corporation, every entrepreneur should set new goals to bring their business to new heights. Try a few of these to start the New Year off right.
Find a work/life balance
Moderation is the key to most things in life, and that includes running a business. In 2016, make it a priority to find time for you, your family and the things you love to do. Remember your favorite sports team? When was the last time you went to one of their games? Can’t remember the last time? Make the next time in 2016.
Keep an open mind to change
Many entrepreneurs become blind to faults or weak areas in the business because they are simply too close to it. When someone else suggests improvements or changes, it can be hard for
entrepreneurs to accept that something they created is not perfect. Make 2016 the year that this
ends. Keep an open mind and accept change. Invite employees, friends or family members to give feedback on your business strategies and actually listen to the ideas and thoughts they bring to you.
Get a grasp on your numbers.
Many entrepreneurs hire someone else to take care of their accounting, and never think to learn
about their company’s financial situation on their own. Understanding your financial situation will help you become a better planner and decision maker. Even if you do have an accountant on staff, try to learn the details of your finances so you can make smarter decisions down the road.
Say thank you.
No matter the size of your company, if you have any employees who work with you, make it a
personal goal to say thank you to them throughout the year. Positive feedback, even in the form of a simple thank you, makes employees feel recognized and motivates them, so this small gesture could go a long way in increasing employee satisfaction, productivity and your company’s bottom line.