SME: Why do people break resolutions?

Last year was tough enough for businesses to survive the aftermath of the COVID-19 and even now, many companies – big or small, are having a hard time revamping their strategies. If you survived last year’s toll of the pandemic or are someone who wants to venture into the business industry, you probably have some new year’s resolutions you want to accomplish by the end of 2021. However, we know that New Year’s resolutions mostly end in failure. Why is that? Probably because you are often making the wrong resolution. 

The key to successful goal-making is to have a realistic goal. If you’re not 100 percent committed to your objective, then the odds of staying motivated are not in your favour. 

Here’s a look at some worthwhile resolutions for small business owners: 
  • Get organised and plan ahead
  • Common and plain resolution but important. For entrepreneurs, it can mean assessing and analyzing the progress made over the past 12 months. For new entrepreneurs, it could also mean creating a detailed plan on how they would start the business.
  • Delegate more tasks and grow your team
  • If you feel like you need to do everything yourself or you seem to recognise that you are overworked in your business. Maybe it is now the time to hire more people or outsourcing so that you can stop focusing so much on the day-to-day and focus more on truly growing your business. It is necessary to leverage on employees so that you will have the energy to plan what’s next for your business.
  • Keep Learning
  • Always make time to learn and gather news or ideas. Learning will forever be extremely important in order to better yourself and the company you work for or own. Consider participating in conferences and workshops, online classes, and watch tutorials and instructional videos that are related to the industry of your business. 

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