Resolutions Every Business Owner Should Keep In Mind
It’s halfway through the first quarter of the year, but it’s not too late for you to make some New Year’s Resolutions for your business if you haven’t already.
We know last year was quite a year – and some of you may still be reeling from it – but if you survived it, you’re stronger than you think you are. And there are lessons learned from last year that can help you have a more prosperous year.
With that in mind, we thought we’d share some of our New Year’s Resolutions to give you some motivation to create your own.
Business Resolution 1: Don’t Be Afraid to Pivot – And Do It With Joy
If 2020 taught us anything, it’s that change is inevitable – and it can come at you with no warning. This is why you can never be afraid to change course when necessary.
Sometimes we are so married to our original ideas, we can miss golden business opportunities. Take the insanely successful Verzuz music model for example. Artists across all music genres suffered a major blow when the pandemic hit because they couldn’t go on the road and tour.
So what did super producers Timbaland and Swizz Beats do? They created an online concert series that drew more fans than most venues could even hold – and helped boost the respective artists streaming revenue significantly in the process.
Now it’s something millions of fans across the globe look forward to. If Timbaland and Swizz Beats had been afraid to pivot, they would have missed that opportunity. It doesn’t mean taking a leap into doing things totally different won’t take courage, but your new way of doing things may prove to be even more profitable than the old one. And more fun.
Business Resolution 2: Set Realistic Goals & Say No When Necessary
Give yourself a break. Sometimes in our effort to build a successful business, we set unrealistic goals and set ourselves up for failure in the process. Remember the old saying, “Rome wasn’t built in a day” and neither will your success be.
It’s okay to be ambitious, just don’t overextend yourself. Doing so will prove to have the opposite effect of success. Burnout is real and you can’t build your business if you’re not okay.
According to Inc.com, business owners often say ‘yes’ to the wrong things to avoid missing good opportunities. But once we’re invested, we realize we’re in over our heads.
One Inc. article suggests “try taking a moment to consider letting go of the opportunity being offered. It could be five minutes, it could be an entire evening. Give yourself as much space as can be allotted. You may be surprised at the new considerations that suddenly pop up, ideas that would not have otherwise crossed your mind until, perhaps, it was too late.”
The next time you’re thinking about trying to tackle 10 major tasks in one day and beating yourself up because you couldn’t manage it, take a breath and ask yourself what’s a realistic milestone you can attain.
Business Resolution 3: Support Another Entrepreneur or Business Owner
Some people call it reaping what you sow, others call it karma, but the fact remains people who are givers always seem to get a higher return than those who are not. So as you prepare to tackle 2021 and take your own business to new heights, make sure you support one of your fellow entrepreneurs along the way.
Doing so will not only help them, it could shore up the relationship and turn into a collaboration in the future.
Those are just a few of our resolutions. We’d love to hear yours.
Have you started your New Year’s Resolutions for your business? If you’re a landlord or tenant looking to consult with an attorney who specializes in landlord/tenant law in Florida, give our offices a call today at 786-504- 5760.
All information and tips provided in this blog are meant for informational purposes only and does not constitute legal advice or an attorney-client relationship.