16 New Year’s Resolutions for Business Owners

New year. New resolutions. Here are 16 New Year’s resolutions for business owners.

1. Work Smarter, Not Harder.

Think of some of the repetitive tasks you do. Is there a way to automate it, simplify it or maybe it is not really necessary?

2. Stop Checking Your Phone So Much.

Checking your phone is a huge distraction and can cut down on your productivity and efficiency. Try to focus on a task, and avoid checking your phone while working on it as much as you can. You will be surprised how much quicker you are able to get things done.

3. Create a Budget.

Not only is it important to create a budget, but it is also just as important to stick to it. Yes, unexpected expenses will come up, but see if there are things you can cut out or cut back on. Use the resources you have. Although it is important to invest in new things such as equipment and technology, it is also good to think about whether the item is really necessary to meet your company goals. If it is, make sure to do your research prior to purchasing to make sure you are getting the best option for your investment. If you are having troubles with budgeting because of steady cash flow, talk to one of our factoring experts.

4. Worry Less.

Worrying doesn’t solve anything. It only causes more stress. “Remember, today is the tomorrow you worried about yesterday.” – Dale Carnegie

5. Spend Less Time on Facebook.

Many of us are guilty of it – wasting our time on Facebook. It’s another huge distraction. Try to check it less frequently or try out other apps such as Flipboard, or a news app related to your industry to help expand your knowledge to grow personally and professionally.

6. Get Organized.

From your office to your computer files, a little organization can help you save time when it comes to finding what you need.

7. Stop Texting and Emailing While Driving.

Your response to the text or an email can wait. It is not worth the safety of you or others. Trust us, they will understand your delayed response if you say you were behind the wheel.

8. Attend an Industry Event.

Try to attend at least one industry event. Events will allow you to network with others, learn industry trends and maybe even help you to find new vendors or partnerships.

9. Take Time Off.

Being a business owner it is difficult to fully disconnect. Try to take even a few days off where you don’t work – at all.

10. Give Yourself Some Credit.

You do a lot as a business owner. Take the time to acknowledge your accomplishments, and feel good about it. Reward yourself for the goals you meet and the hard work you do.

11. Exercise.

Exercise is a good way to reduce stress and unwind. If you don’t exercise already, try to start. A 30-minute workout a few times a week is good for your body and mind.

12. Learn Something New.

It is important to continue to learn. Whether you want to learn a new computer program or a new technical skill, find an online class, seminar or book to help you master it.

13. Stop Procrastinating and Get Started.

Is the task too big to tackle and you don’t know where to start? If it seems too large or too difficult to accomplish, try to break it apart and figure out small steps to complete it.

14. Get to Know Your Customers.

Not only will this make you more personable with them, you can also learn a thing or two about how you should market and interact with your current customers and prospects.

15. Get to Know Your Employees.

Connect with them, learn about them. A company lunch or a team-building event will give you the chance to get to know your employees.

16. Make an Effort to Shop Locally.

Being a small business owner, you know the importance of shopping locally and supporting small businesses. Try to make a conscience effort to support the local businesses in your area.