For Business Owners

New Year's Resolutions for Small Business Owners

Heather Young
New Year's Resolutions for Small Business Owners|New Year's Resolutions for Small Business Owners||New Year's Resolutions for Small Business Owners

Across the UK and beyond, people are beginning to think about how they might choose to better themselves in 2020. It’s a brand new decade, and for many, seems like a chance to ‘rebrand’ and start a new leaf.For small business owners, New Year’s resolutions can be a powerful tool to help you to set goals and give yourself targets for the year ahead. We’ve put together a list of some of the resolutions we think could really help small business owners as we look ahead through 2020. Have you already got your goals set? Let us know what they are on our social channels! Maybe next year we’ll feature your ideas 😉

1. Aim to get networking

Meeting new people is a good goal to have for the New Year whether you are a small business owner or not! But for people who are, it can be a powerful tool to help you create a network of peers who can support, advise and become a sounding board for your business. Creating meaningful connections could help you leverage these relationships in the future to help your business grow.

2. Find yourself a coach

Many business owners, including Swipii’s own CEO, advocate the need for business leaders to get themselves a coach to accelerate your personal development. A coach can help you become the best version of you needed to run a company and communicate effectively with your teams.

New Year's Resolutions for Small Business Owners

3. Set financial goals

All business owners will already know the importance of setting financial targets and forecasting. Use the data you already have to make sure your goals are realistic and achievable but also motivating. A new year is a perfect time to take stock of what your business achieved financially in the previous year and how you can improve in the next 12 months.

4. Learn to delegate more

Being a small business owner can come with a lot of stress! So many passionate business owners are so dedicated to their roles, but delegation can be a huge weight off of their shoulders. If there are people working with you who could excel in some of the tasks you are currently completing yourself as the owner, let them take it on to let you focus on doing the things you love. It will reduce burn-out and create a more positive work environment for you and your staff.

5. Work on your communication skills

The best way to galvanise your staff to work towards a common goal and build a really strong message is to make sure you’ve communicated openly and effectively with your company. Often, it’s not just about bi-annual reviews or weekly performance meetings. It’s about daily interactions, reassurances and positive affirmations that can make all the difference in communication between team leaders and team members.

New Year's Resolutions for Small Business Owners

6. Work out what to stop, start and continue

The product team at Swipii are passionate about holding regular retrospectives to review, as a team, what we think we are doing well and what we need to improve on. Knowing what your company should stop doing, start to do, and continue to do, will help you to focus on what truly matters as well as what will be most efficient for your company!

7. Challenge yourself

Above all, make sure you’ve got New Year’s resolutions for yourself as well as for your business! Whether it’s achieving a better work-life balance, doing more charity work, or learning something new, improving your own offering as a leader will inevitably help the business as a result.