It’s that time of the year again when everyone is talking about New Year’s Resolutions! People who have made them are already working on them while others are just looking forward to this whole “new beginning” phase explains Peter Decaprio.
Self-improvement is, without a doubt, one of the most popular resolutions among people. Everyone wants to be better in some way or another – whether it’s being healthier, being more organized at work or even being able to stick with their goals longer.
Though it may sound daunting to turn these goals into reality, businesses prove otherwise by giving us ample opportunities and resources (read: advice and tips) in making our lives easier and fulfilling our entrepreneurial dreams in the process. That’s why we found 9 entrepreneurs sharing their New Year’s Resolutions for Entrepreneurs.
So check them out below!
1) Focus on the right things –
Strive to be ‘in the zone when it comes to your business and stop worrying about the small stuff that you can’t control says Peter Decaprio. This way, you’ll be more efficient in running your company rather than chasing down random tasks or wasting time thinking of ideas that will not bring value to your brand.
2) Be patient and stay positive –
Never underestimate how hard starting a business is. It takes time and lots of patience before you get through all the negativity and only see results at the end of the day. When you feel like giving up, just remember why you started in the first place.
3) Network, network, network –
Another way to find success is through networking. Attend events and meet-ups, talk to other entrepreneurs in your field, join communities online or even just have lunch with people you know who are in a similar situation as you! By doing this, you’ll be able to learn more about yourself and discover hidden opportunities that could help boost your business.
4) Be realistic with funds –
If you want to invest or expand your business, make sure you have enough capital to do so. It’s better to take small steps at a time rather than go always look for shortcuts if it means putting your company further into debt. Peter Decaprio says to remember that your goal is to make smart investments so you can see your business grow, not to spend beyond your means just because New Year’s is around the corner.
5) Grow slowly –
When it comes to scaling, there are two sides to the coin. One is about growing way too fast which leads to mistakes, pressure, and over-stretching of resources. The other is growing too slow where you’re left behind in the game and aren’t able to keep up with all the latest changes. Aim for moderate growth instead so you can adapt more easily along the way.
6) Stay positive –
Finally, maintain a positive outlook through ups and downs! Sometimes it may be hard but try to stay optimistic as much as possible especially when things get tough because when you believe in yourself, your business will also keep pushing forward says Peter Decaprio.
7) Be flexible –
Flexibility is another important quality when it comes to entrepreneurship. It’s not about keeping setting plans and getting stuck on one thing alone. Rather, being flexible means having the ability to adapt quickly according to the market environment so you’ll have more opportunities down the line.
8) Focus on your employees –
The success of a business isn’t just about its founders. Don’t underestimate the power of your employees either! If they are loyal, hard-working, and passionate about their job, trust them enough so they can get through all obstacles that arise along the way. This way, their creativity, and passion will grow stronger which leads to better business decisions.
9) Know when it’s time to move on –
At some point, you’ll realize that in order for your business to grow, you need to bring in new people who are more skilled than you or replace yourself with someone who is way more capable than you were at the start. We all know that there is always room for improvement and this isn’t something bad! It just means that it’s time to let go of certain things so your company will be able to expand further.
With these New Year’s Resolutions for Entrepreneurs, we hope that entrepreneurs everywhere can get closer to achieving their goals towards success!
Conclusion:
Never underestimate how hard starting a business is. It takes time and lots of patience before you get through all the negativity and only see results at the end of the day. Peter Decaprio says when you feel like giving up, just remember why you started in the first place.
Another way to find success is through networking. Attend events and meet-ups, talk to other entrepreneurs in your field, join communities online or even just have lunch with people you know who are in a similar situation as you! By doing this, you’ll be able to learn more about yourself and discover hidden opportunities that could help boost your business.
