Each New Year, we make new resolutions to better ourselves. Each one aims for something and makes their decisions to get closer to their goal. When it comes to business, the New Year is a great time to reflect on oneself and try to look for ways to improve their business and better themselves in general.
So, here are 15 New Year resolutions for you to follow so you take your business to the next level in 2020.
1. Work on Your Business Instead of in It
This resolution comes from Jessica Gonzalez of InCharged.
There’s nothing wrong with directly being involved in your business. With that said, as an entrepreneur, you should also focus on the bigger picture as you’re the brain behind the brawn and should have a wider perspective in order to put your business on a good path.
2. Fewer Distractions, More Concentration
This resolution comes from Kalin Kassabov of ProTexting.
No one ever said that running a business is easy. As an entrepreneur, you’ll be constantly bombarded with new information which can hamper your ability to concentrate. Consequently, your decision-making skills will suffer due to these distractions. This is why you should try your best to reduce the number of distractions in order to be able to focus more. Additionally, you can start consuming some focus-inducing foods, such as sugar-free energy drinks or strong espresso shots.
Table could not be displayed.3. Learn New Skills
This resolution comes from Alexandra Levit of PeopleResults.
As they say, nothing’s perfect, and there’s always room for improvement. This applies doubly to you as a person, nay as an entrepreneur. What separates entrepreneurs from the rest is their ability to adapt to different situations. This is mainly thanks to their diverse skill sets. Nowadays, there’s a plethora of learning resources and online courses that can teach you useful skills.
4. Manage Your Time
This resolution comes from Corey Eulas of Factorial Digital.
Being the busy person you are, time is as precious as it is rare. You’ll find yourself juggling different things which can be pretty stressful. This is why time management is critical. You’ll need to plan out your schedule to avoid any unnecessary stress carefully. Having a firm schedule will also help a lot with procrastination.
5. Look For an Accountability Partner
This resolution comes from Kristin Marquet of Creative Development Agency, LLC.
There’s no shame in seeking help from someone else. After all, you can easily lose track of some things if your business is growing fast. In order to avoid being in this situation, think about getting an accountability partner. This can come a long way in helping stay focused.
6. Find and Hire More Experts
This resolution comes from Peter Daisyme of Calender.
In order to grow your business, you’ll need to bring in people who actually know what they’re doing. Thankfully, there’s a whole freelance economy for you to use to boost your company and hire people with relevant skill sets. Once you start using the freelance economy, you’ll open up a whole new world of possibilities for your business.
7. Bring in a Sales Representative
This resolution comes from Piyush Jain of Simpalm.
Hiring a salesperson can significantly help in expanding your outbound sales. It’s not uncommon to forget outbound sales and focus on inbound sales instead. However, hiring a sales representative can dramatically increase your overall sales.
8. Be Strategic When You Scale
This resolution comes from Firas Kittaneh of Amerisleep.
It’s important not to overestimate your business’ current systems. You need to always have your system ready for anything. Sometimes a business can grow too fast for its own good, not being able to keep up with the demand, or even handle the huge staff. These businesses tend to fall apart in a spectacular fashion, and that isn’t a pretty place to be it. Scale Strategically.
9. Extend Your Reach
This resolution comes from Peggy Shell of Creative Alignments.
You’d be surprised at how much word of mouth can boost your business. You should aim to have people speak about you without even needing to speak about yourself. In order to achieve this, you’ll need to reach out to different companies and clients who haven’t heard about you before. Word of mouth and client referrals are a good starting point.
10. Balance Out Your Business
This resolution comes from Baruch Labunski of Rank Secure.
Being able to find the perfect balance between quality and quantity is a really tough thing to achieve. If you’re working with perfectionists, productivity might suffer. However, if you’re rushing things, then you might end up with a lot of work done which isn’t really up to par to standards. In order to find that perfect ratio of quality and quantity, try setting deadlines and changing them until you’re happy with the results.
11. Consistently Apply Strategies
This resolution comes from Shaw Porat of Scorely.
You need to be consistent with everything you do, especially when it comes to strategies. Conveying consistency throughout your plans will attract more people and investors. Consistency is pretty much an indirect way of assuring your clients and potential investors that everything is going great and that you’re always in control of your business.
12. Expand Your Horizons
This resolution comes from Andrew Schrage of Money Crashers Personal Finance.
Now, this might seem pretty nebulous at first. What do we mean by that? Well, expanding your horizon means that to explore new things in order to appeal to a broader audience. This doesn’t have to be in the form of a huge departure into a whole new field. It can even be just a simple extension of a particular product.
13. Market Digitally
This resolution comes from Leila Lewis of Be Inspired PR.
We live in an age where almost everyone has access to the internet, and they’re constantly using it. With that said, it would be unwise not to exploit this in order to promote your business. Be it through making a website, or any other digital enhancement that can grab the user’s attention to your business while they’re browsing the net.
14. Improve Search Engine Optimization (SEO)
This resolution comes from Jared Atchison of WPForms.
There’s an almost infinite amount of websites on the internet, and it’s hard to distinguish yourself from the rest. Thankfully, there are ways to optimize your site in a way to make it more discoverable. This is what is called search engine optimization or SEO for short. You can improve the discoverability of your website by including keywords that are relevant to the field or industry you’re working it. This can help others look up your site more easily.
15. Try Doing Some DIY Influencer Marketing
This resolution comes from Ben Lee of Neon Roots.
You can try generating traction on sites like LinkedIn in order to create in-house influencer. This can dramatically help with marketing. So it might be a strategy worth checking out.
What are your personal new year’s resolutions for a successful business in 2020? Have you tried any of the above strategies and tips? Share your experience!
