Many look to the new year as a time of renewal and change. We make resolutions to be more positive, healthier, to save more, to work on those aspects of ourselves we would like to change, and companies take advantage of this. How many commercials have you heard or watched about getting into shape or cooking healthier meals, losing weight? It’s common knowledge that we look to the new year as a time to resolve to work on ourselves. However, it is also common knowledge that by the end of the January, those gym memberships aren’t being used as frequently and that diet has long since lost its luster. Why do we do this to ourselves?
When we fail to plan, we are planning to fail
Often, it is due to lack of planning. As a friend says, “When we fail to plan, we are planning to fail.” This is key not only to us as individuals, but especially as a business, for us to be able to see success in the long run. Running a successful business is an endurance run, and there will be times when things run smoothly and times when tough decisions need to be made. There will be incredibly frustrating times and incredibly exciting times. But if you don’t have a plan for your business, these times may seem scary and unpredictable. The times when things are running smoothly, you may be waiting for the other shoe to drop and unable to enjoy the ride for what it is. Frequently, unfortunately when we are in this state, we will pull back from activities. While there may be many reasons we rely on when others inquire, it should be noted that when changes are made to downsize your efforts, it sends red flags to others that your business may be faltering.
The great thing about planning is it can be done at any time because we do it all the time. From the household budget to trips we want to take; we are always planning something so why not plan for your business and how you want it to operate?
While it is widely accepted that new year’s resolutions are short term and high turnover, allowing this mindset to follow into your business can be fatal. Owning a business is not for the faint of heart, and to be running your own business, you need to be strong and resilient, but you also need to make intelligent decisions for long term success. When creating a plan, you can prepare for when your business goes through lean times but more importantly, know and appreciate the times when things are going well. By planning, you can make more informed decisions and be more secure in those decisions.
This new year is special because it is not only another year the earth has gone around the sun, but it is also a new decade. This is an exciting time, and many are looking to take the lessons learned from the past year and past ten years and put the knowledge learned into action. This can indeed be a period of great change and growth but only if we allow it to be so. We wish you all the success you allow yourself in 2020! Happy New Year!