Biznezz Hub consultancy

http://www.biznezzhub.com

NEWSLETTER VOL 5 02.01.2023

Benefits of New Year's Resolutions for your business


Yearly we engage in the New Year Celebration and start creating “yes” lists and “no” lists, which we call New Year Resolutions in the hope of encouraging some positive productive change within our current environments. 

  • Benefits of New Year’s Resolutions
  • Does setting your New Year’s Resolutions into motion matter?
  • Tips on creating some realistic New Year’s resolutions for yourself
  • New Year’s Resolutions for your SME (Small business)

Benefits of New Year’s Resolutions

When an individual actively participates in the new year’s resolution celebration, it’s a sign that they have already begun the journey of introspection. This is good as they have already begun to acknowledge good and bad habits, strong and weak skill sets and have thus done what is called in the business world SWOT Analysis. 

Does setting your New Year’s Resolutions into motion matter?

It depends on you. Be honest with yourself. One very important aspect that we do not do when we venture on the new year’s resolution journey is breaking these dreams, goals down into 3 sections. This is called strategic planning in the business world. Namely Short-term (1 -3 months), Medium term (6 -12 months), Long-term (more than a year and longer) objectives/goals/plan. It provides realistic planning and minimum opportunity for failure or setbacks, which is helpful if you do not want to become discouraged seeing that 365 days in a year goal can become challenging. Another very important factor to consider when you compile your new year’s resolutions is to note down opportunities and threats for each resolution or goal and plan of action in case of an obstacle. Examples of obstacles: Laziness, Procrastination, fear, etc. It’s also a great idea to create a buddy system for yourself, or start journaling once a week or month or just start noting down when the going gets tuff, remember “If it was easy anyone can do it”.

Tips on creating some realistic New Year’s resolutions for yourself

  1.  Be honest to yourself
  2. Do it for you, not for anyone else but for you, remember” someone once said” you can give from an empty cup”
  3. Be realistic, set realistic goals.
  4.  Not all resolutions need to be actioned immediately, some take time and others need breathing  space in between.
  5.  Group it into Personal, Social, Professional, that way it is easy to plan how much time each group requires and their importance.
  6. Visualize success and enjoy the journey.

New Year’s Resolutions for your SME (Small business)

Biznezz Hub Consultancy, we pride ourselves in ensuring that our clients basic essential business needs are met. With the proper preparation, a business can overcome a lot of obstacles and challenges, such as getting your business bookkeeping in order, setting up a budget for your business with the resolution to increase profitability and also if you have not yet started, this year would be the best time to start compiling a business plan.

BHC, we provide affordable bookkeeping, accounting and business management services and we compile affordable business plans. We know that not everyone can be a bookkeeper or knows how to compile a business plan.