Three New Year’s Resolutions for Entrepreneurs
Whether you’re a new entrepreneur or you’re a seasoned veteran, the new year is a prime time to make new goals, or even to just reset from the previous years. […]
Whether you’re a new entrepreneur or you’re a seasoned veteran, the new year is a prime time to make new goals, or even to just reset from the previous years. From financial opportunity (it is a new calendar year, which means a new tax year!) to social opportunity, position yourself for a successful 2020 with these New Year’s resolutions ideas.
Attend six networking events.
As you know, growing your network is growing your business. Setting a goal for attending one networking event every other month sets you up for meeting new people who can turn into partners, collaborators or clients at a pace that’s reasonable for busy schedules. Feeling ambitious? Try setting an additional goal for how many business cards you’d like to collect at these events, or up the ante to eight or ten networking events a year!
Refine your financials.
Okay, this is a little vague—but for good reason, we promise. Different entrepreneurs need different things when it comes to positioning their financials for success, and we respect that. For first-time entrepreneurs, we might recommend goals like hiring a CPA or scheduling a meeting with an ESO specializing financial management in the first three months of the new year. (We know you’ll be thinking about your 2019 taxes in those first three months, but don’t fall behind on planning for 2020 because of it!) For more seasoned entrepreneurs, you might consider a goal of setting three meetings with ESOs specializing in financial management during the year to discover new or diverse sources of revenue you’re not currently tapping into. Consider your strategic goals for the year, and set this goal accordingly!
Get a mentor… or become a mentor!
Whatever side of this equation you’re on, mentorship is undeniably and essentially important in creating a thriving entrepreneurial ecosystem in Northeast Indiana. According to Forbes, 92% of small business owners agree that mentors have a direct impact on the growth and survival of their business. This year, set a goal to either get a mentor if you don’t already have one, or become a mentor if you aren’t one yet. This type of relationship benefits both the mentor or the mentee, so whichever side you’re on, you’re enriching your business… and your life. Already checked both of these off your list? Consider how you can help other entrepreneurs connect with mentorship opportunities. Make a goal to connect three potential mentors or mentees with one other!
The potential for entrepreneurial New Year’s resolutions are endless, and truly… they can be implemented at any time of the year that you decide so. But in the spirit of the New Year, let’s embrace the opportunity and prepare ourselves for our best years yet. Cheers, to 2020!