Insureon Blog

How Are Those 2016 Small Business Resolutions Coming?

12. April 2016 07:49

notebook with numbered spaces for resolutions

If you’re like most business owners, those well-meaning New Year’s resolutions have probably been cast aside to focus on more pressing business matters. Don’t lose hope! The second quarter can be your New Year’s resolutions reboot.

Quite honestly, the beginning of the year is way too busy to start something new, fix what needs to be fixed, or make any major changes. Here’s how to get back on target with your New Year’s resolutions.

Go Over Your Small Business Resolutions with a Practical Mindset

When you made your resolutions, you most likely employed a bit too much fantasy and not enough reality. Eliminate what you know can’t happen this year and fine tune what remains. Focus on what you really can do. Instead of “Expand into new office space,” for example, try “Obtain three quotes for bigger office space.”

Review Your Resolutions with an Accountant

To help you understand what you can (or can’t) accomplish, you need to know whether your business can afford to make the changes you want. Your accountant can offer good advice on whether you need to “downsize” your goals or whether you can reach them by saving money in another area of your business.

Enlist Help from a Mentor or Adviser

If you have a mentor, discuss your resolutions with them to get feedback or just to let them know what you’re planning for the rest of the year. Once your mentor knows your goals, it’s easier for them to push you in the right direction and “nag” you when you need it. If you don’t have an adviser, sign up at your local SCORE office for free mentoring. (Disclosure: SCORE is a client of my company.)

Take Baby Steps

Sometimes just making the first phone call or doing online research can inspire you to take more steps toward your goals. If a task is too overwhelming to take on all at once, baby steps will still get you where you want to go and with less time pressure.

Delegate Your Resolutions

If you don’t have the time to devote to getting your business resolutions on track, don’t be afraid to delegate the task to a trusted employee. Make sure you explain what you need so the person knows what was going on in your head when you made the resolution. You might even get some great suggestions from the employee on how to meet your goals faster and easier.

Rieva Lesonsky is CEO of GrowBiz Media, a media and custom content company focusing on small business and entrepreneurship. Email Rieva at [email protected], follow her on Google+ and Twitter.com/Rieva, and visit her website SmallBizDaily.com to get the scoop on business trends and to sign up for Rieva’s free TrendCast reports.

Tags:

General | Small Business | Tips for All Small Businesses

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