Listen to Audio Version:
As the clock ticks closer to the New Year, now is the prime time for reflection and goal-setting, not just in your personal life but also in your business.
-2.png?width=640&height=640&name=Untitled%20design%20(3)-2.png)
Surprisingly, while 40% of adults are keen on setting New Year's resolutions, a staggering 80% lose sight of these goals by February, according to research published by Drive Research.
So, how can you, as a business owner or leader, break this cycle and set resolutions that stand the test of time?
In this article, we'll discuss why the start of the year is an excellent time to make resolutions and how to make them stick.
Why the New Year is the Perfect Time for Resolutions
The New Year symbolises a fresh start, a time for reflection and setting new goals. Most of us think about personal resolutions like losing weight, making better financial choices, quitting smoking, and spending more time with family, but let's shift the lens to your business. How can you apply these lessons to your SME?
Adding, Not Subtracting, and the Right Support
A groundbreaking study by Stockholm University reveals two key factors for resolution success: adding behaviours instead of eliminating them and having the right level of support.
Imagine shifting your mindset from "I will stop doing X" to "I will start doing Y." It's a complete game-changer...
The study also identified three groups: no support, some support, and extended support. Surprisingly, the group with some support had the most success. This finding is crucial for SME leaders who often lack the support they need.
Remember, the proper support doesn't overshadow your leadership; it enhances it.
Setting the Right Goals and Framing Them Effectively
As a business leader, you're an expert in your field, but you still might need help setting and articulating business goals that align with your 'personal' aspirations. This is where the right tools and approaches come in, helping you to focus on what truly matters for your business and personal life.
Tools and Approaches for a Thriving Business
Picking the right tools for your business goals can seem daunting, but it becomes more straightforward and effective with the correct guidance. And here's the best part: you're not confined to making resolutions only on New Year's Day. Every day is an opportunity for positive change.
How TAB Can Help
At TAB, we understand the unique challenges faced by SMEs. That's why we offer tailored support, insights from peer boards, and practical tools to help you plan your business's future in tangible, everyday terms. We've helped thousands of businesses and are ready to help you too.
If a supportive nudge could propel your business forward, we're here for you. Let's have a chat and explore how we can collaborate for your success.
Get in Touch
Contact James at 07500 918090 or David at 07891 386258, email us at northchilterns@thealternativeboard.co.uk or click the 'Get in touch' button below.
Let's make this year your business's best one yet!
Related articles
TAB Derby member on new year's honours list
Julian Smith, TAB Business Coach based in Derby celebrates one of his members being made a MBE in the New Year's Honours List.
Old dogs, new tricks?
Ed Reid, Managing Director of TAB (UK) talks about the recent budget announcements and the impact on smaller businesses and owners.
Hywel Parry, a new TAB member for North Staffs!
Ready more about Hywel Parry, a business owner who has joined a TAB advisory board in North Staffordshire.
