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Business Success: 3 Things Business Owners Should Focus on For  2016

Happy Holidays

&

A Happy New Year!

By Karlene Sinclair-Robinson

The end of a year always brings with it the ‘New Year’s Resolution’ boom. The resolutions made are often not realistic. Many business owners frequently fail to get started, and if they do, the resolutions never get to the stage of completion.

So why make resolutions in the first place? We often get caught up in the nostalgia of the season. We tend to figure that without making any resolutions, we are not living up to expectations.

With 2016 just a few short weeks away, business owners must consider what they would like to accomplish for the New Year. A new year can mean more business, increased hiring, expansion implementation, and much more.

Regardless of your ideas on New Year’s resolutions, it is important that you take a serious approach to achieving your goals and dreams. Whether the goals are for business or personal gratification, it is important to follow through. The ability to fulfill the list of resolutions comes from creating a process to getting them completed.

Here are three (3) things I believe you should consider when planning for the New Year:

1. SMART Goals 


Goal setting is essential to getting ahead. Setting goals is important. However, the key is to complete them. It is pointless setting goals if you are not going to make them a reality. The time and effort you put into this process should be rewarded. Whether the goals are for personal gratification or business growth, it is necessary to consider the ramifications if you do not achieve them.

When you set goals they must embody the following concept:

  1. Specific – You must be clear as to what it is you want to accomplish.
  2. Measurable –You must be able to measure your goals over the short or long term.
  3. Attainable – Your goals must be logical to accomplish them.
  4. Relevant – Your goals must be pertinent to something or someone, such as your business growth or family well-being. 
  5. Timeline – You must be specific about your goal timeline to achieve them.


2. Prioritization


The prioritization process must include a ‘To-Do-List’ that gets done. Business owners, who do not focus their abilities, tend to end up with more problems.  The concept of prioritization is not always taken into considered when making important decisions. The ability to prioritize helps to streamline processes, finances, staff, and much more. The key to prioritization is knowing the order of importance to put your goals, to-do lists, or anything else you need to get done.

 3. Implementation


The third step in making 2016 a great year for your business is the implementation process. This process should not be overly complicated. Using your SMART Goals strategy and putting things in order through prioritizing will help you implement and achieve your goals. Without the process of implementation, you stand the chance of being stuck doing the same thing over and over while expecting a different result. This process is called insanity.

The opportunity for growth in your business becomes a reality when you start doing the things you must do.

So, whether you plan to increase your revenue, hire new employees, or expand into new markets, you should consider putting the list mentioned above to good use. Whatever it is you plan to do, follow the above process. They will help you surpass your wildest expectations. 

It would be great to hear from you throughout 2016 on your progress, so do drop us a line and let us know how you are doing.