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The new year is a great time to set goals for yourself and your business. It is the time of year to reflect on the past twelve months, recognize your company’s achievements, remind your employees how valuable they are, and start thinking about what you want to accomplish in the coming year. All of this sounds easy to do, but it is not.
You may be busy tending to the multitude of year-end tasks associated with your business. These include running financial reports, checking your inventory, collecting past-due invoices, and managing your work-life balance during the busy final weeks of the year. So, how can you stay motivated and calm when the new year starts? In this Balboa Capital blog post, we list some tips on how to get energized for the new year.
Celebrate your accomplishments.
One way to kickstart your enthusiasm for the new year is to celebrate your company’s accomplishments, no matter how big or small. For example, you may have surpassed your annual revenue goal, landed a big client, launched a new website, earned a new professional certification, or participated in a local charity. Or, despite a challenging and unpredictable year, you had adequate revenues and kept most or all of your employees on the payroll.
No matter what your company’s accomplishments were last year, make sure to share them with your employees. After all, your employees play an integral part in your business’s success and growth. Thanking them for their dedication and hard work can help boost morale. And if your budget allows, consider giving your employees a year-end perk, such as paid time off (PTO) or performance bonuses. Or a team-building event or company lunch.
Relax and unwind.
This section will discuss how to relax, unwind, and be happier in the new year. So, let’s get started! We all know that stress is a significant factor in our lives, especially for small business owners who are overworked and juggling multiple tasks. In addition, stress can cause many problems for our health and well-being if it is not taken care of properly. One of the best ways to deal with stress is to take time off and recharge your batteries.
This can be done by spending time alone, walking outside, going on a hike, building a puzzle, solving a crossword puzzle, or reading a good book. Every business owner has their ways of relaxing, so do what works best for you. When you are away from the office, try to forget about work. Unless you have a pressing deadline to meet or are waiting for an important email, consider shutting your mobile phone off and enjoying some tech-free time.
Create a morning ritual.
In today’s business world, where entrepreneurs are constantly on the go and working long hours, it is essential to set aside time to prepare for the busy day. The morning is a great time to do this. You can start the day on a positive note by waking up early and enjoying breakfast, juice, coffee, or tea. As you enjoy breakfast, think about the day ahead to calm your thoughts. Or, read a few pages of a book to take your mind off work.
The critical aspect of a morning ritual is repetition. Having the same unhurried morning routine can perk you up and make you feel calm and relaxed long before you drive to work. So, once you determine your morning routine, please do your best to stick to it throughout the new year.
Delegate to reduce your workload.
It is only natural for many entrepreneurs to want to do everything. After all, they started their small businesses and handled most, if not all, startup tasks. But as a company grows, its business owner needs to relinquish responsibilities to others or risk burnout. Simply put, business owners need to accept that they can’t do it all.
Delegating is essential because you can’t possibly do everything yourself, especially if your company is growing. So, think of employees you trust and delegate responsibilities to them. Not only can this reduce your workload, but it can also help your employees enhance their skills and boost their morale. The beginning of the year is the perfect time to delegate tasks to employees. You are setting company goals and plans for the year ahead, and enhancing the roles of certain employees can help them start the new year with more excitement and empowerment.
Take some time off before the New Year.
There is nothing worse than starting a new year feeling tired and unmotivated. So, consider taking some much-needed time off, whether a day, a week, or perhaps longer. A vacation is a perfect reward for all of the hard work you put in last year. And try not to worry about your company while on vacation. Your company won’t go anywhere; it will be there when you return.
If you have a vacation planned, don’t postpone it because you have too much work to do. Delaying your getaway may have short-term benefits for your company, but think about your future. Working long hours and never taking time off can be detrimental to your physical and mental health.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.