2020 may not have been a year that has treated the world kindly and so 2021 should be the year for people to take things back into their own hands. For business owners who may have felt the brunt of 2020, 2021 should be a great year to start working their way up using business success tips and New Year resolutions for their business. Small business owners definitely can benefit from having a good plan for this new year. With that, here are the top 5 New Year’s resolutions that a business may use to make things better this 2021.
New Year’s Resolution #1: Have an updated business plan.
When a business owner starts running their business, they may have created a business plan. But they surely did not put everything that has happened in 2020 as part of that plan. This is why it is important for a business owner to have an updated business plan, given everything that they have learned in running a business so far. The very first business plan that many owners have written need to be updated, since it is also quite likely that the business has changed through the months and years of being in operation. There may be a need to update the plan’s finances, goals, marketing ideas, competitor research, and many others.
New Year’s Resolution #2: Have a refreshed marketing plan.
Having a review of the business’ marketing plan would be a good thing to do for 2021. It would allow business owners to gauge what parts of the plan worked even during the pandemic and which ones just did not pull the business through. This way, the owner can start looking at the parts that need improvement, the parts that are working quite well, and the parts that need to be taken out. What is important is that owners are able to pinpoint which parts of the marketing plan worked the best for the business. Adding new strategies and techniques to the marketing plan would not be a bad idea as well.
New Year’s Resolution #3: Expand the business’ network.
Having a good network is always a great thing to have for those who have their own businesses. This is a good starting point for businesses that are still quite new. However, one thing that many business owners fail to do is expand this network. 2021 is the right time for business owners to expand their venture’s network. One does not need to bring in 100 new connections in one month. Trying to get at least one or two new connections per week or per month will be a good thing to do. It will not be a big task and would not interfere with other more important business roles. Adding a small number of new connections on a regular would definitely add up in the long run and would be very beneficial to the business.
New Year’s Resolution #4: Making sure that the employees and staff have a good work-life balance especially during these trying times.
If there is one thing that 2020 has taught us, it would be that we need to take a break every now and then. People often forget to have a good work-life balance and many business owners are also at fault for not promoting such a culture in their work place. 2021 would be the best time to start this. The start of this year would be the most opportune time to create a schedule that would allow all employees and staff to have time for themselves to just relax, recharge, and enjoy life without having to think about work or the business. Employees that are burned out do not make good employees and businesses do not benefit from that.
New Year’s Resolution #5: Keep employees and staff happy.
Happy employees do more and this is a beneficial to the business. Owners should use 2021 as a good way to start a company culture that would allow employees to feel important and to find happiness in the work that they do. Creating a plan that would help keep employees and staff inspired to do the work that they need to do and engaged in the operations would be a very good thing to do. When employees are satisfied, they tend to be engaged more and create less problems for the business. The plan would be to make 2021 a year for employees to feel respected, appreciated, and important. Having activities that would also build trust, happiness, and development in the employees would be very helpful.
These New Year’s resolutions can be used as ideas that would help owners create their own resolutions that would make the business do better this 2021.
published under Business Address Guides
