10 New Year Resolutions to Boost your Business

It’s a common phenomenon for everyone to make New Year resolutions at the last minute on New Year’s Eve, and typically, they’re personal and hard to keep. Think about how many times you’ve done the same in the past. Just how many of those resolutions did you actually stick to?

Here are ten simple New Year resolutions for 2008; all are tried and tested techniques to boost your business and, best of all, they’re achievable. Set aside a little time every week for the next year, and see if you can chip away at some of them.

Even better, print these business boosting ideas out (in A4 format or letter size), stick them on a wall near your desk, and make a concerted effort to complete at least half of them. Your business and your life will love you for it.

1. Start setting goals.

Embracing even these ten resolutions for the coming year illustrates the power of goal setting. Many of us wander through life without really considering where we want to be. A good analogy is planning a trip from Point A to Point B. As important as it is that you sort out transport, supplies, timelines, and other elements, the most important tool for the journey is to know how to get there. Unless you have a plan, you’ll never arrive at your destination.

Think of goal setting as the process of drawing the map of your future life. Paint the picture of where you would like to see yourself at the start of 2009, and then write a list of actions that you’ll need to undertake to reach this goal. Start with the more obtainable goals, to build your motivation and confidence, and you’ll soon find yourself well on your way to your destination.

2. Ask a client for a referral.

It seems simple, yet many business owners never consider asking their existing clients for contacts with others who may need your services. It can seem to be a hurdle to ask the first few times, but it doesn’t need to be. Your request could even something as simple as an email sent at the end of a project to ask the client for feedback on the project, followed by a simple "If you know anybody who might appreciate our services, please recommend us."

It’s amazing how simple it is to ask for a referral. And we typically trust recommendations far more than any advertisement — think of all the times friends or colleagues have given you a recommendation for a supplier, tradesperson, and so on. The best part is that word of mouth doesn’t need to cost any more than a thank you card or bottle of wine.

3. Focus on profit, not turnover.

Over the years, I’ve met business owners who are ecstatic about their increasing turnover, but neglect to watch their profits. A business making a profit margin of 20% on a monthly turnover of $10,000 is far ahead of a business with a turnover of $100,000 that makes only a 1% profit margin.

Sure, turnover’s great and it is important, but how would you feel if you could make twice as much profit for a tenth of the effort (and risk). Doesn’t that sound tempting? Look at tactics such as reducing overheads, increasing your rates, letting less profitable clients go, and focussing on your high profit activities. Never underestimate the returns of even a small increase to your hourly rate.

4. Learn something new about business.

Ask any entrepreneur about their knowledge, and you’ll normally find the most successful people are those who are willing to admit their own weaknesses. It’s a fact — we can’t be born experts in everything to do with business, but with some dedication, we can get a little smarter. Ask yourself where you feel your business knowledge weaknesses are, then find a course or books that can help you to learn more. There are plenty of short courses that only require an hour or two a week, as well as online courses, blogs and web sites that can help you boost your business knowledge. Find your local library and join up — most libraries have hundreds of books on business topics.

Start subscribing to blogs and bookmark web sites (such as SitePoint) that teach you something new. Then spend the time to scan your feeds and bookmarks for interesting posts every week. Even limiting your reading time to only half an hour per week means you can read at least half a dozen thought-provoking posts in the time it takes to eat your lunch.

5. Take time for yourself.

Ask any business leader his or her number one complaint, and the most common reply will be that there’s not enough time to spend with family or on hobbies. The most disturbing part is that it’s often not the demands of business that absorb all of our time. We’ve become used to working long hours, when in actual fact, being smarter about how you spend your office time can allow you to enjoy more home time.

Try planning activities that require your attention out of the office and away from communication — take a walk with your children, go camping for a weekend, or head to a museum and turn off your phone. If the thought of having an email-free evening scares you, your business is in control of you, and you’re not in control of your business.

6. Create products that generate income.

Web workers need to stop and take a look at many software developers, and how they build and resell their Intellectual Property. Take stock of your own tools and techniques, and look for methods of creating assets that you can monetize, or better still, will generate recurring income. Have a content management system? Explore licensing models, rather than simply selling it. Even seemingly simple elements, such as email forms, slideshows, and other items, could be written in a modular way that allows you to easily tweak a configuration here and there, and saves you hours of work.

7. Delegate effectively.

We all want to work less and earn more. Here’s one of the greatest secrets of time management: successful delegation. Start by writing down every activity you undertake for an entire week, then review the results.

There are likely a number of activities that don’t help you achieve your goals, or could be done by other team members. Focus on working to get those low-payoff activities either delegated or dumped. If you’re a solo worker, perhaps consider outsourcing these duties to somebody you know who could do the work. Considering your hourly rate, is it more effective to pay an accountant $60 an hour to do five hours’ work, or spend 40 hours on it yourself? Hiring a professional by the hour will often work out cheaper, and can save you valuable time.

8. Focus on client service.

It’s easy when you’re absorbed in delivering to tight deadlines, juggling 100 projects, or just having a manic few weeks to forget the reason you have this work. That reason is clients. Clients matter, so unless you’re hoping to lose a few, you’d better remember what it’s like to be a client, and recall your memories of the best service you’ve ever received.

Now, set yourself a challenge to outdo that service experience, and outdo it over and over again. Take a look at every method by which you have contact with clients — telephone, emails, meetings, even invoices. Is there something you can change to ensure the relationships that you are building now will be long lasting?

9. Take time to wander the Web.

Set aside some regular time to aimlessly wander the Web. I’m not talking researching competitors, or checking sites you already frequently read. Cast the net wider, and follow more links. You’ll no doubt stumble onto blogs or web sites which may hold inspiration, education, or just plain harmless fun. No matter what, there’s a good chance your wanderings will be good for the mind and soul. Wander the Web, follow your instincts from link to link, and discover the 99.9% of the Web that you never visit when you’re stuck working in your own digital ecosystem.

10. Build rock-solid procedures.

The right procedures will make your business run more efficiently. A good system will allow for increased workload and reduce the amount of effort you need to spend on repetitive activities. Just about everyone has heard the story of middle-aged milkshake salesman Ray Kroc, and how he created systems in fast food retailing to build his little hamburger chain (McDonalds) into the mammoth business it is today.

Ask friends who know the story and they will give you the same answer — his success was driven by the fact that he created procedures for every single element of his business. Best-selling business books such as Michael Gerber’s ‘The E-Myth’ reiterate this. Having procedures reduces the chance of errors, and increases your ability to think beyond the routine. Think of the differences between a business with procedures and one without, then consider what would happen to each business if you were hit by a bus, or took extended leave. Which would survive?

Make Your Resolutions Now

Now, don’t just read the above list and start making excuses, thinking how nice it would be to have the time or inclination to do this. You could boost your business just by bookmarking this article or printing it out and at least working on a couple of the above points over the coming months. Soon you (and your business) will be noticing the benefits. Good luck and never stop building upon your success!

10 New Year Resolutions to Boost your Business
Download these tips in A4 format or letter size.


Category: business Time: 2007-12-21 Views: 1

Related post

  • 6 New Year Resolutions For Designers 2014-01-19

    New years are always a great time for fresh starts, renewed energy and new directions, so January is the month to prepare yourself and put your plans into action for the next eleven months. Ideally this shouldn't just be a promise you make with yours

  • New Years Resolution: Write for PHPMaster 2013-01-07

    The start of the new year is often a time for resolutions, like eat healthy and lose weight, learn to play a musical instrument, learn a foreign language, etc. This year, why not make a practical resolution: write for PHPMaster! PHPMaster is looking

  • Please check out the new Sitepoint article about growing your business 2004-11-30

    In case you haven't read it already, please go to Sitepoint today to check out my latest article about growing your business. It is ideal for people struggling to get past the independent contractor stage, as well as for anyone running a small- to mi

  • Taking Your Business Beyond Your Clients 2010-05-12

    Many of our businesses are service-oriented, so our focus is on our clients. We want to find good clients, provide the services they need and keep them coming back. This is the core of a successful service-based business. But while customer-focused b

  • A collection of business New Year's resolutions for you 2004-12-15

    Okay, let's list as many New Year's resolutions - only about growing you business - as possible for 2005. What is one thing you promise to do next year to grow your business? Examples: – Increase your network of referral sources – Sell more to existi

  • The Top 30 New Year's Resolutions for Business 2009-12-24

    In general, I'm not a fan of New Year's resolutions. In fact, I highly recommend turning many of your resolutions into goals that you can focus on during the entire year. Goal setting is much more focused, deliberate and success-driven, and that's wh

  • New Course: Boost Your Blog Traffic with Darren Rowse and Chris Garrett 2011-01-14

    Here at SitePoint we're kicking off 2011 with the launch of a hotly anticipated online course from blog superstars Darren Rowse and Chris Garrett. Presenting the second of their four Pillars of ProBlogging courses: Boost Your Blog Traffic with Darren

  • The Web Design Business Kit Chapter 6 - Market Your Business 2003-07-20

    Marketing your business isn't hard. There are literally hundreds of ways you might do it. Not all of them work, but you'll soon have more clients if you follow a few basic steps. You need a steady flow of prospects to develop your business. An approa

  • Promote Your Business - 8 Steps to Success! Article 2001-12-21

    There are potentially hundreds of ways you could promote your new Web design business and build up your portfolio. Assuming your target clients are located in a small geographic area - for example your home town - there are a number of ways you can d

  • Win Back Top Listing! Protect Your Business Identity in the Search Engines 2004-11-29

    Companies go to great lengths to establish their corporate identities through marketing, advertisements, promotions, search engine positioning, and other means. And, as with any success, it may well happen that criticism follows. In the process of do

  • New Year's Wish For You: In 2006, work hard to be lazy 2005-12-21

    Here is a New Year's wish for all self-employed Sitepoint readers: Work hard in 2006 to be lazy in 2007. What does that mean? Some of you already know. Some of you don't have a clue. Too many of you are working too hard to continue to work hard. You

  • The Worlds Longest Month – How much does your business really need you? 2007-02-15

    I'm happy to be home, and I don't mean that in the ordinary 'happy to be home' way. You see, our annual trip to Asia went well this year, but just as we were getting on a plane from Tokyo back to the US I suffered a medical emergency and wound up in

  • Time for a Makeover? How to Reinvent Your Business 2009-08-11

    Everything changes - markets, economies, clients, financial needs, business goals, your passion, etc. No matter how hard you are working, if you're keeping your head down, you may miss a huge opportunity to increase your success, income and satisfact

  • Why You Should Be Using Press Releases to Promote Your Business 2009-10-01

    Press releases are a powerful, but frequently overlooked promotional tool that can be valuable for just about any type of business, including freelancers and entrepreneurs. If you haven't added press releases to your marketing mix, you may be missing

  • 10 Easy Ways to Save Money in Your Business 2009-12-03

    With tax season right around the corner, many of us are starting to take a closer look at our business expenses for the past year and see where the bulk of our money has been spent. Regardless of the type of work you do and how much you spend to keep

  • 34 Ways to Spring Clean Your Business 2010-04-05

    This time of year with the changing seasons is a great time to get re-invigorated and inspired, and it can be infectious. As you tackle your annual spring cleaning tasks, go beyond dusting the ceiling and pulling out the grill, and let the clean-up t

  • What Cloud Computing Can Mean For Your Business 2010-08-24

    The buzz in the tech world right now is all about "The Cloud." But what is it, and what does it mean for small business? Cloud computing is a catch-all term for using off-site (internet-based) farms of computers to handle processing and file sto

  • SitePoint Podcast #94: Appy New Year! 2011-01-08

    Episode 94 of The SitePoint Podcast is now available! This week your hosts are Patrick O'Keefe (@iFroggy), Stephan Segraves (@ssegraves), Brad Williams (@williamsba), and Kevin Yank (@sentience). Listen in Your Browser Play this episode directly in y

  • Boost Your Blog Traffic: If You Find Them, They Will Come 2011-01-20

    Last week, we announced our new ProBlogger course, Boost Your Blog Traffic. With less than a week to go before the course begins (Monday, January 24-sign up now!), I thought I'd give you more detail on the proven strategies for attracting visitors to

iOS development

Android development

Python development

JAVA development

Development language

PHP development

Ruby development


Front-end development


development tools

Open Platform

Javascript development

.NET development

cloud computing


Copyright (C) avrocks.com, All Rights Reserved.

processed in 1.416 (s). 13 q(s)