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New Year resolutions every entrepreneur should make – Sashwati Khurana

New Year resolutions every entrepreneur should make

The New Year is right around the corner, which means that in addition to stocking up the bubbly for that midnight toast, you’re probably starting to think about how you can better your business in the next 365 days to come.

But what resolutions should you be making to make it big and dance the night away in the New Year?
We have some fabulous ideas! Here are some super ideas that can be easily incorporated as resolutions every entrepreneur should make in 2020:

1. Hire the right help

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Biting off too much then you can chew! As an entrepreneur, chances are strong that you are way too enthusiastic and as a result trying to multitask, you are the boss, the mailman, the fixer upper and what not, but that’s not gonna take you up the ladder.

In 2020, your #1 resolution should be to say goodbye to your Superhuman cape, stop trying to do everything on your own. Take a breather, exhale & hire.

Start by assessing what it is that you do best. Are you a brilliant marketer or a strong team builder and so on, and you might think you’re saving money by going the DIY route, but the truth is, it’s going to cost you more in the long run if you don’t do things right from the get-go. But if you hire other people to manage those areas of your business—people who thrive in those areas—you’ll be free to focus on what you’re great at (and your team can do the same).

2. Give your branding a boost

Another key resolution that should be on the New Year’s list of every entrepreneur is to revisit your branding.

Times are changing. Trends too; are you stuck with the same old logo that might have worked in the past but does not define who you are today; Revamp it now. Research for looks that best defines your company; give your identity a new boost, Change.

3.Simplify, Systematize & Socialize

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One of the keys to running a successful business is being as efficient as possible. And the best way to increase your efficiency and your success is to systematize as much of your business as possible.

Systems can save you an insane amount of time, energy and manpower, so in the upcoming year make it a resolution to simplify and systematize.

You can create systems for training & management, team building, customer orders—if it’s a repetitive task in your business, you can likely create a system for it and save yourself a ton of time in the process.

Socialize- yes, you heard it right and when we say so, we don’t mean it in a fleeting butterfly way, but how you are going to promote your brand is all about how passionate and fervent you are to make your project fly. For that you need to really be there and walk the talk, meet & greet, get-together, the word of mouth has so much power, you are the face of your brand, the more they see you; the more power to you and balancing it out is the keyword here, the idea is not to lose yourself while doing it but keeping your feet firm on the floor and not get swept away.

4. Learn something totally new

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To become an effective entrepreneur and leader, innovation is the key; and the best way to achieve it is to expand your horizons.

When you’re running a business, it’s easy to become stagnant & still.

So step outside of your comfort zone and learn something that has nothing to do with your business. Run a Law firm? Sign up to learn a new language. Have an apparel company? Learn how to bake. Launching a new software App.? Give pottery a shot. Doing something completely different from the day-to-day of your business will challenge your brain to think in an all different way, which could easily manifest some major benefits for your business. Studies show that learning something new actually improves brain function and also help conceive new ideas in the brain, which can improve cognitive functioning!

5. Your life is more than your business

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The last resolution every entrepreneur needs to make in the upcoming year—and arguably the most important—is to: live your life, not just your business.

As an entrepreneur, it’s easy to get swept away in all the to-do’s of running a business often at the expense of other areas of your life. But, as the old saying goes, “don’t get so busy making a living that you forget to make a life.”

And as the New Year beacons and you get busy & lost in all your commitments to make it big out there, when you get a choice to sit it out or dance; we hope you dance…

Happy New Year!

ove fast, but think through your decisions

Whether you’re at the initial stages of founding a company or focused on scaling your startup, moving quickly is certainly important. But if you’re moving so fast that you don’t fully think through your decisions, you can find yourself in a position where you launch a product that no one wants to buy, choose the wrong co-founder, or take funding from the wrong investor.

Today In: Leadership

The line between thoughtful decisiveness and impulsiveness is a fine one, but you can avoid crossing it if you simply commit to thinking through all of your decisions.

For instance, if you’re an entrepreneur who is planning to start a business in 2019, but see that there’s no competition, take the time to think through why no one else in this field has succeeded before going to market. You might learn some valuable lessons about previous failures. If there is competition, think about whether the market needs another solution, and why your product or service will beat the competition.