Start your year right. Here are our top 5 resolutions for 2020

Kelvin Smith
Jan 1, 2020
Leadership
2
minute read

It’s the start of a brand new year! What better time to create meaningful and impactful resolutions for you and your business.

It’s time to make positive changes that will set your business up for its best year yet. Here are our top 5 resolutions to get you started on your way.

1.   Set your 2020 goals

The start of the year is a perfect time for goal setting. It’s a fresh start, a time for reflection on the past 12 months, and a time to determine what you’d like to accomplish in the year ahead.

Without goals, a business can lack focus and direction, it is critical that your business begins the year on solid footing, and the best way to do that is by setting goals for yourself and your staff from the get go. Goal setting also provides for benchmarking later in the year, so you and your team can determine whether you’re succeeding towards your goals.

2.   Effectively manage business cashflow

Effective cashflow management is the key to every successful business. Monitoring cashflow statements, knowing your numbers and implementing smart strategies to ensure a stable cash position during the seasonal ebbs in business are fundamental for good business management. Begin this year by making sure you understand your business’s cashflow cycle and develop a smart budget to ensure you effectively manage your cash throughout the year.

3.   Refocus and be more productive

A great resolution for those who tend to procrastinate and waste time on work that isn’t meaningful… it’s time to refocus and turn up the productivity! One way to do this is by blocking out pockets of time in your calendar for specific tasks, and giving yourself scheduled breaks in between. Top scientist and experts use this ‘time blocking’ technique to increase their productivity and to help them focus on tasks at hand.

4. Get better at delegating

As a manager and/or business leader, there are so many benefits to improving your delegation skills. Not only does delegating give you more time to work on your business (not in it), it also provides for a better quality of life with less stress and a balance work-life. Delegating is a skill, one that must be learnt and developed over time. Now is a great time to learn delegation techniques so that you can better manage your team and increase productivity in 2020.

5. Become a great communicator

One of the biggest contributors to workplace disputes is poor communication. Misunderstandings, low team morale and repetition of the same information over and over again with no change are indications of ineffective communication. Making the decision to improve your communication skills and working on strategies to better communicate within your business will help you become a better leader, and will provide your team with a work environment that is transparent and trustworthy.

Interested in becoming a better leader? Read recent article on ‘seven ways to be the leader that everyone wants to work for’.

It’s the start of a new year, which one of these resolutions will you choose to make 2020 your best year yet?

 

Article by
Kelvin Smith
As Director and co-founder of Here Business & Wealth, Kelvin works closely with individuals and business owners to provide the best possible guidance and advice relevant to their specific needs.

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