NEW YEAR RESOLUTIONS

10 NEW YEAR RESOLUTIONS FOR EVERY ENTREPRENEUR

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From cleaning out the office to updating your company website, the new year is filled with new resolutions. And smart entrepreneurs must know what resolutions they must make that would benefit their company. Here is a list of 10 new year resolutions for you that you could add to their new year resolution list right away. 

1. REFRESH YOUR WEBSITE 

Your website is the first thing that a customer sees and it ought to be attractive enough to make them stop there and look around. But updating the website according to the latest trend and graphics is one of those things that most businesses tend to forget. It can be problematic if your company website looks exactly as it looked in the last year. So this year, get in touch with your designer and developer and update all of your web pages.

2. OPEN YOUR SAVINGS ACCOUNT 

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If you’ve thought about pulling together a real savings account, but just haven’t gotten around to it, do it now. There’s no use in procrastinating it because indulging in it in the middle of all working projects and regular work can result in carelessness. Act now, and consult your accountant or a financial planner to help you figure out how to start saving today. 

3. FINISH DELAYED PROJECTS

Every business owner has some unfinished projects, folders with plans for a potential new business, and new ideas scribbled on notes or stored in a box somewhere. This is the time to take it out and take another look at those ideas, for nothing else but to see if any of them can work. You might find a viable project or a successful idea that you can make use of.

4. CHECK CUSTOMER DATA

Taking a look at who your customers are and how they have changed over the previous year is one of the best resolutions for your company. Overlooking customer data is crucial in identifying trends in the market so that your business model can adjust accordingly.

Some major points to look at can be customer purchasing choices, spending amounts, website analytics, and conversion rates.

5. MEET DEADLINES

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One of the general mistakes entrepreneurs make is giving customers unrealistic completion dates that hamper the laying out of a good strategic plan. Most customers are happy to wait a little longer for something worthy and satisfying at the end, even if you take a little extra time to consistently deliver, rather than giving them rough and rushed work before the deadline.

6. KEEP UP WITH THE TECHNOLOGY 

Technology is necessary for your business to thrive. From the website to the digital ads, your company needs new technology at every step. Even before this trending Digital Age, entrepreneurs understood that to stay in the market they need to implement the use of the latest technology. Take a proper time out and learn to use current technology and then apply it to your business because that’s how today’s businesses are scaling heights.

7. TAKE PERSONAL TIME

Being a workaholic, always engaging in your work, and not taking any break will only cause exhaustion and stress. It’s important to set a daily cutoff time, after which you don’t take work calls and commit some time to your family or any kind of personal life. It would take your mind off from work and you would not see your work as a burden.

8. FINANCIAL ADVISOR 

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If you haven’t hired a financial advisor yet then do it now. Hiring a good accountant should be on the top of your resolution list this year. Even if you already have one, start the year by setting up a meeting with them and discussing your previous as well as upcoming fiscal year. It will give you the information you need to outline a strategic financial plan for the future that will keep your business ready.

9. REVISIT YOUR CUSTOMERS 

The new year is the opportunity to concentrate on the customers you already have, rather than focusing on reaching new customers. It’s obvious to want new customers to grow your business, but it might be helpful in your future if you take some time to make sure your current and loyal customers are happy. Know what they like about your company and what more they expect.

10. BEWARE OF THE COMPETITION 

It’s important to be aware of your surroundings in the market. You can use this new year to identify your weaknesses and overcome them. Observe what your competitors are doing and look out if they are reaching a section of the market that you haven’t considered. Check your position in the market, your marketing strategies,  other companies’ strategies, and your position. It will help you to figure out your flaws and learn from others how to improve your business.

Don’t forget that the best resolutions are always attainable. A little progress every day adds up to something big. Start small and take these resolutions seriously and keep going forward!

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