Set these resolutions to grow your business this year.
2020 if officially here! While you may have made a point to set new year’s resolutions for your personal improvement, have you thought about making goals for your business’s success? If you want to grow your business this year, then here are some of the resolutions that you should set for yourself.
- Delegate More
As a small business owner, you are probably still holding on to the early days of your company, where you did it all. However, as your business grows, you cannot reasonably expect to handle everything on your own. If you do not want to hold your company back, then it’s important that you learn the art of delegation. By letting trusted employees handle some of your smaller tasks, you can free yourself up to handle more big-picture issues and keep your business moving forward.
- Prioritize Promotion
Oftentimes, small business owners do not prioritize marketing. However, if you want to attract new customers, then you need to step up your marketing and promotion efforts. By focusing time, money, and effort on business promotions, you can improve brand recognition and expand your client base in the coming year.
- Host More Productive Meetings
Oftentimes, business meetings are tedious affairs that don’t actually do anything to benefit your staff or your company. This is why you should reimagine your weekly business meetings, so they are actually productive. By setting concrete goals, developing business strategies, and reviewing company successes and failures, you can make weekly business meetings so much more productive for your whole operation.
- Give Back
As your business grows, you should do more for the community that has supported you. Not only does giving back make you feel good, but it also generates goodwill and loyalty towards your company. In 2020, challenge yourself to support your community through volunteer efforts, donations, charity work, and so on.
- Make Time for Yourself
Small business owners often get sucked into a cycle of long work hours and self-sacrifice. However, when you are constantly on the grind, you are putting yourself at risk for mental burnout and physical exhaustion. Rather than working yourself to the bone, you need to make an effort to establish a healthy work-life balance. This new year, make your personal life and wellbeing a priority, and business success will actually be easier to accomplish.
Set these resolutions to grow your business this year. Want another way to help your business be successful in 2020? Then make sure it is protected with the right business insurance. For assistance with all your commercial coverage needs, contact the experts at CIA Insurance and Risk Management today.
Post written by Mike Rutkowski, Advisor | Commercial Risk Management (CRM)
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