For many business owners, January is a time for resolutions. Maybe this is the year you get serious about sales and marketing, or you decide to grow a farm team for your hiring bench or perhaps 2020 is the year you finally take that vacation you have been planning. Whatever your goal, January is the time to create a strategy and put it into motion.
But if you are like many business owners, you might be struggling with coming up with the right resolution for your business. So, today I wanted to share with you the top New Year's resolution ideas from myself and some of my business colleagues in the hopes of sparking your own resolutions this year.
"Narrow your focus. What is the single biggest constraint to your company's growth over the coming year? How can you invest your best time, talent, and attention on pushing that single limiting factor back and in doing so create explosive growth?"
--David Finkel, WSJ bestselling author of The Freedom Formula.
"Make a new year's resolution to make certain that everyone in the company all the way down to the janitor understands what growth will mean to them personally and get everyone onboard the growth bandwagon. When everyone is rooting and cheering for growth, magic happens!"
-- Jason Jennings, NYT bestselling author of The Reinventors.
"Carve out at least 30 minutes a week, or month, depending on the size of your business and spend time with your company finances. One of the biggest mistakes I see business owners make is abdicating to their CPA. No, you don't need to be the bookkeeper, but you need to understand precisely how your business makes money and how it flows through your financial statements and translates to money in your pocket. Know the key performance indicators (KPI) for your specific industry and pay attention to warning flags!"
--David Blain, West Point Grad and former leader of US Army Ranger and Special Operations units, and author of Invest in Your Life, Not Just Your Portfolio.
"Ask your CPA and business or estate planning lawyer what your best opportunity is and what your biggest risks and exposures are. Time and time again we find that successful entrepreneurs don't realize where they have the most leverage to succeed and where they may step into traps that could annihilate their businesses. Even the best advisors may not think to let you know what your best opportunities and biggest exposures are unless you ask for this. In some situations they don't want to hurt feelings, and in others they just have not thought to tell you. Don't be surprised if you find that your spouse has been telling you the same thing. You may be the last to realize the obvious in some aspect of your world."
-- Alan Gassman, Esq., co-author of, Grow Your Medical Practice and Get Your Life Back.
"Examine what you believe. Not what you say you believe. Not the dreams you have or the goals you hope to hit. Examine what you really believe...because what you really and truly believe is so powerful that you cannot perform against it. And since that is true, instead of setting those same old goals again, spend some time figuring out how to legitimately increase the level of what you really believe!"
-- Andy Andrews, NYT bestselling author of, The Bottom of the Pool.
"Imagine that you are just getting ready to die. Before your last breath, you are given a beautiful gift - the ability to go back in time and talk to the 'you' who is reading this note. What New Year's Resolution would the old you - who knows what really mattered in life - suggest for the you of today. Make that your resolution!"
-- Marshal Goldsmith, NYT bestselling author of What Got You Here, Won't Get You There.