Austin Rotter Shares 5 New Year Resolutions For Entrepreneurs
New Year resolutions enable entrepreneurs to rethink their businesses and realign their goals. The acclaimed media strategist Austin Rotter has shared New Year resolutions for entrepreneurs that can strengthen their overall business strategies.
New Year is approaching and it’s time of the year to rethink and make resolutions. For entrepreneurs, it’s more crucial as they not only have to make promises for themselves but for their businesses as well. Setting resolutions help you gain a prospect, manage things smoothly, and prepare for the future.
But the trick here is to set goals to bring change. Thus, you must establish goals to expand your growth and stretch your abilities while ensuring that they are achievable. Austin Rotter, the renowned PR professional and media strategist, has shared his views on New Year resolutions for entrepreneurs. These are practical resolutions that can help you grow on both individual and business fronts.
Start Being Proactive
Being proactive helps entrepreneurs foresee the future and beat their active competitors. Instead of following the market, do strategic planning and risk management in advance through proactive management. This will enable you to identify and solve problems beforehand and you will be able to capitalize on upcoming opportunities.
To avoid being caught off guard, don’t forget to do a SWOT analysis and conduct market research. See what your competitors are doing, and what the industry is likely to require in the future months and years. Then formulate a strategy keeping the trend in mind to offer products or services and run marketing campaigns accordingly.
Related: Marketing Strategies Best Utilized at the End of the Year
Be Flexible and Adaptable
Running a business is all about making plans and executing them. But sometimes things don’t go as planned either due to market shifts or other factors. So being an entrepreneur, you should make a resolution to be flexible and adaptable in your approach.
Flexibility and adaptability can help entrepreneurs embrace change only to amend their strategies. So instead of being rigid about your approach, show suppleness where and when needed.
Revisit Customer Data
New Year is the right time to review your business’s data. Try to understand your customers and see whether their choices have changed over time. This way you’ll be able to identify new trends and can know what your customers are demanding. Moreover, you can prepare a better strategy to strengthen your business model.
Entrepreneurs should focus on customer purchasing choices, high-selling items or services, and spending amounts. You can also take advantage of web and social media analytics to view your conversion rates.
Revive Your Abandoned Projects
It’s tough for entrepreneurs, especially small business owners to work on all the ideas. As a result, most entrepreneurs don’t get the chance to work on potentially profitable plans. If you are one of them and have unfinished folders with outlined plans, it’s time to take a look at them! See if any of your ideas look promising for the upcoming year. If there is one that you can execute, include it in your New Year’s resolutions.
Maintain Work-Life Balance
Taking care of your health and maintaining a work-life balance is easier said than done. Entrepreneurs don’t have the luxury of free time when they are all busy making plans, attending meetings, and reviewing results. But to succeed, you should have more harmony in your life.
The ideal way is to do some time management and work on your health. 10-20 miles of running or 15 to 30 minutes of cardio exercise can help you get in shape. And don’t forget to spend some time with your family or call them when you are out of the city.
Related: Austin Rotter Suggests 5 Strategies to Be More Mindful in the Workplace and Everyday Life
For entrepreneurs, New Year resolutions are opportunities to take stock of their progress and make any modifications essential for their long-term objectives. According to the acclaimed media strategist Austin Rotter, entrepreneurs must make a promise to be proactive. They should promise to be flexible in their approach and must visit customer data to understand upcoming customer demands.