fireworks-227383_1280As we prepare to enter 2016, it’s time to reflect on a year in business and plan for the New Year ahead. What are your goals? Where do you want your company to be by the end of the year? Entrepreneurs, this year, take time to plan not just for your business, but also for yourself. Here are 5 New Year’s resolutions for entrepreneurs:

Find a work/life balance.

Carving time out of a busy entrepreneur’s schedule can be difficult, but it should be at the top of all resolution lists for 2016. Moderation is the key to most things in life, and that includes running a business. In 2016, make it a priority to find time for you, your family, and the things you love to do. Remember your favorite sports team? When was the last time you went to one of their games? Well, even if you can’t remember the last time, make the next time in 2016.

Keep an open mind to change.

Many entrepreneurs become blind to faults or weak areas in the business because they are simply too close to it. When someone else suggests improvements or changes, it can be hard for entrepreneurs to accept that something they created is not perfect. Make 2016 the year that this ends. Keep an open mind and accept change as it comes! Invite employees, friends or family members to give feedback on your business strategies and actually listen to the ideas and thoughts they bring to you.

Attend at least one industry event.

Entrepreneurs, spread your wings in 2016 and make it a goal to attend at least one industry event! The best way to grow your business is to network with other people in your industry, so actively research upcoming events and make time to attend one at the bare minimum. Do you manage a team of distributors? Search for upcoming trade shows to try to land new clients! Whatever event you decide to go to, make it a learning opportunity and do your best to connect with everyone you meet.

Get a grasp on your numbers.

Many entrepreneurs hire someone else to take care of their accounting, and never think to learn about their company’s financial situation on their own. Not only are these entrepreneurs doing a disservice to themselves, but also to their companies. Understanding your financial situation will help you become a better planner and decision maker, therefore helping you grow both personally and professionally. Even if you do have an accountant on staff, try to learn the details of your finances so you can make smarter decisions down the road.

Say thank you.

No matter the size of your company, if you have any employees who work with you, make it a personal goal to say thank you to them throughout the year. Positive feedback, even in the form of a simple thank you, makes employees feel recognized and motivates them, so this small gesture could go a long way in increasing employee satisfaction and your company’s bottom line.

Entrepreneurs, what are your New Year’s resolutions?

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