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4 New Year’s Resolutions All Entrepreneurs Should Make

We all make New Year’s resolutions for ourselves — to lose weight, to exercise more, to learn something new. For entrepreneurs, the New Year is also a great time to reflect and evaluate how your business is progressing and what you may do to improve. Entrepreneurs who make resolutions at the beginning of the year, and follow through with them, will most likely see a favorable difference in how their business operates.

New to making New Year’s resolutions for entrepreneurship? Read on for 4 new year’s resolutions for any entrepreneur.

1. Make decisions quickly, but thoughtfully.

The reality is that businesses have to move quickly to keep up with industry and remain competitive. If your business isn’t adapting quickly enough, that should be part of your New Year’s resolutions. But the real goal for entrepreneurs is to find a balance between moving quickly and moving thoughtfully.

Make sure every decision is thought through fully, but don’t find yourself stuck in analysis paralysis. Find ways you can quickly, mindfully research next steps — and then get to the next steps.

2. Focus on the future, not failures.

As an entrepreneur, you are going to fail. It’s inevitable. Small failures are not what causes a business to collapse, it is focusing on failure that causes a business to fail.

This year, make the New Year’s resolution to focus on future plans. Learn from your mistakes, but don’t dwell on past failures. Don’t let fear from past failures prevent you from trying new things.

3. Listen to ALL feedback.

It can be so easy to operate your business within a bubble or with blinders-on,… tunnel vision. This year, don’t do that. Encourage feedback from clients, employees, peers, and mentors. The key? Truly listen to what they have to say, even — and maybe especially — if you don’t like what you are hearing.

There’s no hard rule that says you have to take action on every piece of feedback you receive, but the messages there can be very valuable in propelling your business forward in the new year.

4.Collaborate More

Even if you already have collaborations in place, do it more. The lessons you will learn and the work you will produce will be better for it. Having another perspective is always helpful in elevating the final result.

Plus, collaborating can be really fun — and that’s a great new year’s resolution in itself.