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Setting New Business Goals To Help You Succeed This Year

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Setting New Business Goals To Help You Succeed This Year

 

Where do you see your business 10 years from now? Do you see it being an industry leader? Do you see it as being composed of the best people in the business? Or how about it being twice the size than it is right now? Now, what are the steps that you need to take to get you there? Hard work and focus comes to mind. However, you also need to set goals to achieve that vision you have for your company. Goals that you can work on, that when achieved, will take you one step closer to your vision.

 

Setting goals for the next 10 years is daunting and from what we have learned from the past year, life will throw a curveball at you which can mess up your plans. Take it one year at a time. Start setting up goals for the current year before moving on to the next. This will not only ensure that you will not be overwhelmed with too many goals but will also ensure that you will accomplish most of them by the end of the year.

 

Write Them Down

 

I can’t stress this enough but you really need to write down your goals. You may already have a clear idea in your head about what your goals are but they can become hazy over time. When thinking about which goals to pursue, make sure you have a pen and paper in hand or better yet, a goals journal. The very act of writing down your goals will make them stick in your mind. Having something concrete to refer to, like a goals journal, will help remind you what you are working towards.

 

Goals That Motivate You And Your Team

 

Come up with goals that will not only help you achieve your vision but will also motivate you and your team. Remember, when someone is passionate about something, that person will go above and beyond to achieve that certain something. Get together with your team and discuss what goals are worth aiming for this year. The more involved they are with this process, the more motivated they will be.

 

Make Them Achievable

 

Think back on the goals that you were not able to achieve. What caused you to fail? Perhaps they were too big or too ambitious. Try a different approach by setting more realistic goals. Scale them down and have a crack at them again. Another good approach is to break down a big goal into smaller bite-sized ones. This not only speeds up the process of moving your business forward but will give you insight on which tasks or areas are unnecessary or can be outsourced.

Strategies To Consider To Achieve Success This Year

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Just because 2020 is behind us does not mean that its effects are no longer being felt. Businesses, both big and small, are still trying to get back on their feet. Small and medium-sized businesses are still trying to stay in operation even with reduced staff and resources. Big businesses are still trying to recoup their losses and trying to keep their staff employed. Though everything is starting to look better, there is still so much work to be done. But before any work can be done, you first have to strategise.

 

Where do you begin? When it comes to business strategies, it does not have to be overly complicated and complex. The best things do come in small packages. The best thing about keeping it simple is that you can use the same simple strategies anytime you need it. You might need to do some adjustments but the core idea remains intact. So for the next 12 months, consider using some of these strategies if you want to reinvigorate and reimagine your business success.

 

Get To Know Your Customers

 

You might have already done this last year but preferences and tastes can change over time. On top of that, the pandemic really shook things up for everyone. If your business was disrupted last year then you can be sure that your customers’ lives were also affected. Check in with them. Send out a survey or do a poll. This is the best time to reach out to them to check on what they like or do not like. Utilise your social media to the fullest. Interact with them to get a pulse on what they are looking for in a product or service. This will give you an idea of whether it’s time to try something new or keep on doing what’s already working.

 

Break Down The Year

 

Don’t get overwhelmed. Instead of thinking of it as a year, break it down into monthly metrics and quarterly reviews. That way, you can keep a close eye on profits, revenue, clients, and projects without having to process too much information. This is about increasing your focus and flexibility and at the same time reducing stress due to having to work on many things at once.

 

Host Web Events

 

Get yourself out there and attract more customers by hosting web events. With the popularity of Zoom, Instagram Live, and other video conferencing platforms, hosting digital events has never been this easy. Get creative and make it fun. Make it interactive and giveaways are always awesome. This is not only a great way to attract new customers but also an opportunity to celebrate your loyal customers.

Starting The Brand New Year Strong

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I already talked about this in the previous article but I feel that there is just so much more to talk about. So here it is. A follow up to the last article so you will be more properly prepared for this year.

 

With the new year comes new year resolutions. Everyone has one or two resolutions that they promise to stick to but quickly fades away or are completely forgotten as the weeks go by. Why does this happen? It really is about the excitement and the energy that a brand new year brings. As the new year starts, we feel that anything is possible and it is as long as you are willing to put in the work. The problem with new year resolutions is that they are not really goals. Goals have plans backing them up. Resolutions are at most wishful thinking. Start the year strong by having goals instead of resolutions.

 

Having goals for the next 12 months is just one way of starting the year strong. As was mentioned before, anything is possible as long as you are willing to put the work in. The question is, what are the other ways you can do to make sure that you start the year strong? What can you do to take advantage of the energy and excitement that the new year brings? What are the steps you can take to ensure that you and your business start the brand new year in top form?

 

Try Something New

 

Keep the energy and excitement alive by trying something new for your company. Think of the things that you’ve always wanted to do for your business but have always been too busy or afraid to try them out. I’m pretty sure you’ll come up with a very long list. Now, narrow them down to 3 to 5 and go for them. Yes, it can be scary venturing out to the unknown but it’s exciting at the same time. The best thing about this is that you can do the same for your personal life. Think of the things you’ve always wanted to do for yourself and just go for it.

 

Don’t Forget The Past

 

Winston Churchill once wrote, “Those that fail to learn from history are doomed to repeat it.” What were the big moves you did last year that didn’t turn out so well? What went wrong? What were the factors that contributed to the failure? You failed. Now it’s time to get up and try again. The new year not only brings excitement but hope. Take that feeling of hope and give it another shot. Re-examine and re-assess your plans. Talk with your team so you can get a fresh new perspective. Make the move again and you’ll see better results.

The New Year: Starting It Right

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Remember when you were just starting your business? It was an exciting moment and you took every step to make sure that you’ll get it right the first time. You’ve encountered your fair share of obstacles yet everything paid off. You were able to achieve your goal of running your own business. Remember those moments. Bring yourself to adopt the same mindset and attitude for the new year. The first month of the year is an exciting time to rev yourself up for the rest of the year. Compare it to the first day you opened up your company for business. Just like how the first day of operation will set the tone for your business, the first month of the year will set the pace for your business for the rest of the year.

 

The first month of the year is indeed an exciting time for both you and your business. Everything looks hopeful and full of possibilities. Ride that wave of positivity to make big changes in your personal and business life. So where do you begin? How can you start the new year the right way?

 

Take Note Of Your Unfinished Goals

 

Goals that you were not able to finish in the previous year are still your goals. Not being able to accomplish your goals is nothing to be ashamed of. It happens even to the best of us. Not being able to achieve them does not mean that you get to sweep them under the rug. Always look at the positive side. You have another year to work on them. Write down all of them and the reasons why you were not able to achieve them. Remember to be honest with yourself when doing this. Ask yourself if you were able to achieve the results that you’ve wanted. If not, include it in the list and give them another go.

 

Think

 

I know it will be another busy year but it would greatly benefit you if you would just give yourself time to think. I’m not talking about taking a vacation or meditating. I’m talking about letting your genius go to work without any distractions. Think of new innovative products that you could offer. Come up with fresh and creative marketing strategies. How about that one problem that has always been bothering you? Let your genius focus by spending more time thinking.

Resetting Yourself For The New Year

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What are your goals for the coming year? Make more money? Grow your business? How about starting your own business? All of those are worthy and exciting goals to aim for. However, not everything should revolve around accumulating monetary wealth. Don’t get me wrong, money is important but it should be not your sole focus. With so much to do in such a short span of time, we sometimes forget to think of ourselves. Our mental, physical, and emotional health get set aside so we can focus on hitting the profit margin. With all the hard work that you have been doing for the past 12 months, isn’t it time to reset yourself?

 

We are officially in the last month of the year. To most businesses, this month is all about finishing strong. To others, this is the time to start preparing for the coming year. Whatever the case is, you are the one behind the wheel and as such, should also be in top shape to achieve what you have in mind for this final month as well as for the coming year. Free yourself of stress and anxieties. Reset and refresh yourself for the new year and beyond. How exactly?

 

Process Your Year

 

Every year is the same yet at the same time different. It always brings with it a new set of wins and losses. 12 months may not seem like a long time, especially with how fast things are moving, yet there is a lot that happened in those 12 months. Take the time to process your year. What have been your wins and losses? Appreciate your wins and learn from your losses. Reflect on how those moments shaped you. Understand how they shifted your life. Doing so will give you more appreciation for the current year and a fresh outlook for the coming one.

 

Let Go Of Negativity

 

With stress comes negative vibes. No one wants to start the year stressed out. Think of the commitments, habits, and relationships that have been causing you undue stress for the past year and let go of them. It may be difficult especially if you are so used to them but stress and negativity can only hold you back. The less stress you have, the better you will be at running your business.

 

Take A Walk

 

Is something bothering you? Are you feeling anxious about the coming year? Are you unsure about something? Go outside and take a walk. Going outside and taking a walk increases your brain function and improves your mood. In fact, studies have shown that most people do their best thinking while walking. If you want a quick “reset”, just take a walk.

Is Your Business Ready For The Next 12 Months?

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The holiday season is finally here yet despite all the chaos and fun that comes with it, this is the perfect opportunity to ready your business for the next 12 months. The last month of the year is a prime opportunity to look back at the previous 12 to see what worked and what didn’t. What challenges were encountered, how did you responded, and what were the outcomes of those responses. To examine what strategies worked and to examine further if the same approach would work in the coming months. You may not be able to predict the future but being ready for it will make the odds go in your favor.

 

We are still in a pandemic. Though the fight against is looking positive, it is still a fight that we will be in for years to come. However, pandemic or not, the business world just keeps on trudging and you don’t want to be left behind. This is your passion and with the right attitude and mindset, this pandemic is just another obstacle. Start preparing for the next 12 months and get your business primed and ready for the brand new year. And the sooner you do it, the more time you will have to enjoy the holiday season.

 

Work On Your Inbox

 

Open up your email and check how many messages you have in your inbox. I am willing to bet that you have at least more than a thousand messages in it. Just looking at is stressful. In fact, an average employee receives around 121 emails every day and sends out around 40. That is just too much information to process. It comes as no surprise that an overflowing inbox is one of the biggest sources of stress in the workplace. Don’t start the new year feeling stressed out. Clean up your inbox. Delete unimportant messages. Reply to emails as soon as possible. Create filters. Make your inbox as clutter-free as possible and start the new year stress-free.

 

Remote Work Is Becoming Mainstream

 

Remote work or working from home is slowly but surely becoming mainstream. It is no longer uncommon for companies to have some, if not most, of their employees working in the comfort of their own homes. Some of them even have employees based in another country. With that said, start learning management systems especially ones that are cloud-based. Collaboration software, which allows team members to stay on top of their tasks at all times, should also be considered. Start learning about these tools and try implementing them in your own company. These tools are here to stay in and it is in your best interest to be at least familiar with them if you want to stay competitive.

Why You Need Time For Self-Reflection

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It’s so easy to become preoccupied and get lost in the hustle and bustle of our daily lives. On top of that, the global pandemic has made things even more challenging. Even if we are not busy or even before the pandemic, we always find ways to distract ourselves from both our professional and personal worries. It is becoming a habit of ours and it does not help that we keep telling ourselves that it is the only way to keep our sanity in an insane world. So we just bury those worries and soldier on. If you apply that same strategy in business, what do you think would happen? Nothing good for sure. In running a business, we address issues as soon as possible in order for them to not cause any problems down the line. We just don’t bury them and hope they go away. Why can’t we do the same in our personal lives?

 

As important as self-reflection is to both your personal and professional lives, many people still think that it is a waste of time. Many think that it is better to not dwell on life’s mysteries and just ride the wave that is life. You only live once, right? Yes, we do and we have to make the most out of it. For the same reason why you have annual, quarterly, or even monthly business reviews, you have to make sure that you, as a person, is in a good state. If you want business success, you start with yourself. Give yourself time for self-reflection.

 

Teaches Humility

 

No business grows without a competent team behind it. And a competent team needs an equally competent leader to steer them in the right direction. You need each other. Self-reflection allows you to recognise that even you could not do everything by yourself. It lets you appreciate the things that they are doing for your company. During this time, ask yourself how you can help those who are helping you. Implement it and you will earn the loyalty of your team.

 

Helps You With Business Planning

 

You can use self-reflection as part of your formal business review process. Before coming up with a business plan, evaluate yourself to see if your head is in the right place for the upcoming task at hand. Let’s say you want to grow your business or want to introduce a new product to the market. Are you doing it because everyone is doing it or do you genuinely believe that you can succeed? Do you really want it? Are you prepared for the challenges ahead? This is about checking if your head is in the game or just going through the motions.

 

Let’s You Discover What You’re Really Good At

 

Self-reflection allows you to look back on your previous achievements and accomplishments. Not only will this boost your confidence but will let you discover what you’re really good at. You will be reminded of what are the things that worked well for you so you can double down on it.

Strengthening And Maintaining Your Company Culture During A Pandemic

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The basketball icon Michael Jordan once said, “Always turn a negative situation into a positive situation.” Looking at his accomplishments and his amazing career, I would 100% agree. This quote, as cliche as it may sound, is something that leaders and entrepreneurs should always keep in mind. The world has changed and is still changing and most of it was caused by the spread of the COVID-19 virus. On the surface, the pandemic only brought negatives yet with the right attitude and mindset, you can see some positives which you can use to succeed. One positive effect that you can look into as a leader is that the current situation gives you the unique opportunity to shape and strengthen your organisation’s company culture to pave the way to success. However, you first have to maintain it.

 

Strengthening and maintaining your company culture is not that difficult to do but just like everything else for the past months, the pandemic made things more complicated than they should be. Company culture can be broken down to “how you do things in your company” and “what your team members do when no one is looking”. How can you monitor these things when the majority, if not all, of your team members are working from home? Difficult yet not impossible.

 

Reinforce Your Culture

 

Ensure that you are always talking about your culture any chance you get. Whenever you have online meetings with your team, just remind them how things should be done in the company. You don’t have to spend the majority of that time talking about it. It can get exhausting and old really fast. Just a quick reminder here and there should do the trick. If your company culture revolves around collaboration, casually ask them who is working with who, or you can drop suggestions on who should be collaborating with which team member. It takes less than 30 seconds but is a great way of reminding them that even though the team is working remotely, the company’s culture is still intact.

 

Stay True To Your Culture

 

We are not only fighting this pandemic on the medical side but also on the business side. Do not let it erode what you value. Going back to our example of collaboration as the main focus of your company culture, working remotely does not mean the end of the existing collaboration. Use all the tools at your disposal to maintain and even strengthen that focus. Yes, adjustments need to be made but so does everything else in the current climate. You’ve spent considerable time and effort to build the culture you want. Don’t let this pandemic erase your efforts.

Types Of Company Culture

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In the past, company culture was not one of the main focus of any business. It was just left to develop and grow organically on its own. That might have worked decades ago but the business world is always in a constant state of change. It’s a whole different story in today’s highly competitive market. This is not just a competition for the customers’ hard-earned money but a competition for attracting high performers to your team. Even that aspect of running a company has changed. It is no longer enough to offer higher salaries and better benefits to entice the best of the best. You have to offer something more. That’s where having a good company culture comes in.

 

46% of new hires either quit or are fired within the first 18 months of being hired. The hiring and training process costs the company time and money. If almost half of those new team members quit within less than a year then you are losing money. Why do they quit in the first place? The most common reason is cultural mismatch. How crises are being handled. How open communication is. How feedback is given. All this and more are what contributes to how good your company culture is. If you’re interested in building one that will attract and retain awesome team members, then check out the different types of company culture.

 

The Adhocracy Company Culture

 

A company with an adhocracy culture operates without any formal hierarchy. An adhocracy company culture prioritises creative thinking and innovation. The employees are encouraged to keep on moving and take risks. One big advantage of this type of culture is that team members have the complete freedom to let their genius be as creative as possible. On the other hand, one disadvantage is the lack of planning. The company tends to handle issues as they come up instead of coming up with plans to avoid them in the first place.

 

The Customer-Centric Company Culture

 

A customer-centric company culture is one that is largely focused on the customers. Employees, even those who don’t interact with customers, are encouraged to see everything from the customer’s point of view and make their decisions around it. If you want your company to be known for being customer friendly and delivers exceptional customer service, then the Customer-Centric Company Culture is worth looking into.

 

The Horizontal Company Culture

 

Also known as the Free Spirit Culture, the Horizontal Company Culture is common among new or startup companies. Every team member is expected to collaborate and pitch in for the company’s success. Titles are just titles in this culture. Everyone can communicate freely and they are usually done across the desk instead of through emails and other digital means. Though communication is great in this type of culture, one weakness it has is the lack of direction.

Building Team Culture In A Remote World

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The internet and in general, modern technology, has made desk jobs or office jobs more flexible. In the past, working a desk job means physically going to your place of employment and working at your assigned desk or cubicle. You go home after 8 hours of work and do it all over again the next day. Fast forward to the present and working at home has been increasingly becoming a more popular option even before the global pandemic struck. Working remote has many benefits as well as disadvantages. For one, you no longer have to deal with traffic which saves time and lessens stress. On the other hand, there is one disadvantage that is not immediately apparent when working remotely. That would be building your team culture while you and your team are working from home.

 

You might be thinking that building your team culture while working remotely is the same as while working in the same office space. In some ways, yes but there are more differences than you think. For one, the mode of communication. We, humans, are more accustomed to physically interacting with other people to build connections. Communicating through video calls or through chats are effective in the communication side of things but lacking in actually making a connection with the person on the other end. And that is just one of the challenges when it comes to building your team culture. You need a solid connection and understanding with your team in order for it to take root. So how do you build it in a remote world?

 

Make Time To Connect

 

According to a survey, about 70% of remote workers or employees feel left out. They feel that they are not part of the organisation or disconnected from the team. They feel lonely and this loneliness can lead to the habit of just going through the motions and making the job feel just like a routine. So how do you avoid this? Make time to connect with your remote staff. Schedule events or come up with traditions that focus on creating connections with your remote team. Create non-work channels where you and your team can just have casual conversations. Come up with weekly or monthly polls about fun topics. The idea here is to create a virtual water cooler talk for your team.

 

Set Expectations

 

One of the most important things to remember when working remotely is to set expectations on the types of communications methods you are going to use. It is essential that everyone on the team understands which communication channels will be used for certain topics. Casual discussions or team meetings can be done on Skype, Zoom, or Slack while legal and sensitive topics can be done through emails or more secure channels. Create a guide if need be. Once everyone is on the same page then you are on your way to having a team culture that fits in perfectly to a remote world.