Last week we talked about what you need to change in your business in order for next year to be different.
But making changes to your business plan is only one side of the story. Let’s talk about some personal changes you might need to implement in order to have a better year next year.
Have you had a think about and worked on how you can be better? As a business owner. As a manager. There’s always areas we can improve.
It’s super important to take some time to reflect on your personal contribution to your business over the year. And to check in with yourself about the effect of your business on you personally.
Hopefully you can see the importance of this and carve out some time to audit yourself as well as your business before starting the new year.
There are some great books available to guide your personal development and help you upskill.
My first recommendation is The One Minute Manager Series by Ken Blanchard. It’s fantastic and there’s so many to choose from, so you will be able to find something that resonates with you. My favourite is the One Minute Manager Meets the Monkey.
Your overall vision is crucial. You need to be clear on what it is, what it means, and where you are.
When you lose sight of your vision, you derail your business future. It’s important to keep perspective on the bigger picture and not get completely caught up with day to day tasks.
You might need to sit and think about this. Work out exactly where you’re at and how the big and small pictures look for you.
The end of the year is a great opportunity to review and reset. There are so many books available that help address vision and perspective.
Change can create fear. It’s all too common to start strong with changes, but slowly revert to what’s comfortable over time. Who Moved My Cheese by Dr Spencer Johnson explains this in such a simple and approachable way. It’s a short read but holds a powerful message.
Money makes the world go round. It’s said so often because it’s true. And your business world is no different.
Get into the numbers. Give them a good going over. Break them down. Understand them. Or pay someone to explain the whole situation in depth if numbers aren’t your thing.
It’s the end of a quarter and the start of a new year. Now or never.
When you clearly understand your financial situation, it’s time for new goals for a new year.
You need to be in full control of this side of your business. Especially if it’s not a strength of yours.
There are many books available about cash flow and numbers. I recommend always starting with your accountant or bookkeeper.
Communication is everything. Not just in business, but in every area of your life.
Take a look at how you manage both business and personal relationships. The energy you give them.
Then take a look at your relationship with your customers. Because that one is super important.
You need a plan to improve your customer relations. Simple changes could lift your conversion rate. Sell more of your range.
You have systems in place to manage these customer relationships, they need to be reviewed. If you don’t have anything in place, you need to implement a system.
This is vital.
Buying Customers by Brad Sugars is a great book. It covers so much of the information to ensure your current customers stay loyal. And to help you find new ones and grow your business, which is the key to long term success.
There’s more personal and business development you can do, depending on your needs.
Ask yourself these questions.
Am I who I need to be right now?
Am I doing what I need to do in order to have what I want?
What do I really want?
Can I maintain control when I get there?
For next year to truly be different, both you and your business need to address weak points.
It’s hard to see your own weak points clearly, this is where a mentor or business coach can be absolutely invaluable.
Take advantage of what is before you at this time of year.
New year’s resolutions can be great but are also short sighted. The work you put into yourself and your business should be constant and ever evolving.
That said, as a Business Coach, I love the end of the year. With a clear plan, it can be used as a fantastic opportunity to make changes that will benefit your business for years to come.
Suggested Further Reading List:
Eat That Frog – Brian Tracy (Time management)
Goals – Brian Tracy
A New Earth – Eckhart Tolle (One of my personal favorites)
The Fish! Omnibus – Stephen Lundin (Team changes and personal changes)