By Blair Williams, founder of MemberPress
Resolutions aren’t just for personal goals. You can set resolutions that let you dive back into growing your business from a fresh perspective when a new year has begun.
With that in mind, here are some suggestions for resolutions to give your business a boost.
Learn about AI.
The advances in AI and its impact on businesses is very likely on your radar already. It’s clear that AI is going to change how you do business, but do you really understand what it is and how to implement it?
A practical resolution you can make is to build your knowledge of AI. It’s helpful to learn the difference between machine learning, deep learning, neural networks and other concepts. When you understand what they are and how they can impact your business, you’ll be able to make more informed decisions in the future.
There are plenty of courses online, such as the Elements of AI course by the University of Helsinki and Reaktor, that you take up to help you build your knowledge. Many of them are completely free, comprehensive and don’t require a background in computer science.
Extend your network.
The company you keep can shape the success you experience. Networking is a great way to surround yourself with people who share similar goals and outlooks on life. Extending your network is a resolution that not only impacts your business through building connections but also helps you develop personally.
Look out for networking groups and build a networking strategy for this year. You could choose to look for mentors or to mentor someone else. Networking is also a great way to stay connected with the news in your industry. You’ll hear of new ideas and benefit from other people’s thought processes by applying them to your work.
I’ve found that one of the biggest struggles many entrepreneurs face is learning to delegate. If you’re doing too much of the work yourself, you run the risk of stifling your team’s creativity. You can also appear controlling and inflexible.
It’s important to delegate because it can help people in your organization grow. You’ll give your employees responsibilities and a sense of purpose. Delegating also gives you the time to focus on something new. You are more available to opportunities such as taking up new skills, exploring new markets or thinking of new products. Such changes will lead to personal and business growth.
A great new year’s resolution is to “clean up” or audit your business processes, products and subscriptions.
If you have invested in a subscription service or tool that’s not working and is draining your resources, stop using it. You may also need to reconsider your relationship with certain clients who aren’t good fits for your business. Perhaps you need to sell or stop working with a product that’s dear to you, but just doesn’t have a future.
“Cleaning up” is a difficult but necessary resolution that can help your business. You’ll channel your resources into more productive tasks and save on unnecessary expenses.
How will you keep your resolutions?
Personal and business resolutions are easy to make but harder to keep. You can, however, find ways to compel yourself to maintain your resolutions.
- State your resolutions in public. Share the changes you want to make with business partners and employees. When other people expect specific actions from you, you’ll be more driven to achieve your goals.
- Have an accountability partner. An accountability partner is someone who will call you out when you’re procrastinating. They can help you stay on track and motivate you to keep working.
- Focus on changing your identity. The book Atomic Habits by James Clear states that making lasting changes requires changing your identity. Think of yourself as a growing and proactive business leader, and you’ll be more likely to carry out your resolutions.
As the year progresses, you can help your business grow by making small and practical changes. Consider the suggestions given here to give your business a fresh start and a more successful outlook.
Blair Williams is the founder of MemberPress, an all-in-one membership website software for WordPress.