What if Your Business Made a Resolution? And Stuck to It!

What if Your Business Made a Resolution? And Stuck to It!

New Year’s Resolutions…

I’ll confess, I’ve never been a big fan.

Not a big fan of failing – Not starting is a great way to avoid failing. Well with new years resolutions anyway. A 2015 study by BUPA found that while 63% of New Year’s resolutions fail, 43% lasting less than a month.

So how are you going?

The Core Themes of Resolutions

The most common theme is about our health: Give up smoking, reducing my drinking, get more exercise, join a gym (and regularly go I presume). Which is followed closely by getting more organised. However, as good intentioned as these resolutions are, most don’t stick at it.

Several factors are at large here. 1. A lack of real commitment (desire) for lasting change, 2. Lack of external accountability to the cause.

What if Your Business was to Get into Shape?

Last year I surveyed small business owners. Only a small sample I confess, just 50 of them. It contained One Question: Do you have a project that keeps getting put off? One that is truly important for you to complete, one that you know is great for your business.

Only two of the business owners responded with a confident – NO!

Of the other 48 or 96%, the response ranged from embarrassed silence to laughter. A few responded with “how long a list would you like?”

Seven Steps to make sure your Resolution Survives

Step 1: Create an inspiring goal.

Like with any worthwhile project, the bigger goal needs to be inspiring. Consider why it’s important and how it will change your business. Will it save you time (more time for the family or more time to help more clients) or will it make you more money and provide a more comfortable life. Select also a suitable reward for completion of the project.

Step 2: Create clear and distinct Milestones.

Developing milestones will ensure that you have manageable chunks to measure progress and that you see the progress too. Each milestone must be measurable, and the completion of one lead to the next challenge in the journey.

Step 3: Check Resource requirements.

By resources I mean, time, skill & knowledge and other resources needed for the completion of each milestone, including financial capacity.

Step 4: Map out projected completion of the milestones into the time allocated.

Make sure that the completion of this project is attainable in the context of your business. Make sure you can run the business as it is while you implement these improvements. There’s no point improving a business that no longer exists.

Step 5: Get an Accountability Buddy.

The key here is accountability. Don’t underestimate the importance of accountability. Too often I hear, “I’ll get my friend, associate, colleague to help me with that” only to find out that there was an insufficient commitment to being held accountable or not sufficient professional respect is shown to the role that the friend played.

Step 6: Communicate regularly with your Accountability Buddy.

By Regularly, there should be a minimum of midpoint and on completion of each milestone. Discuss challenges and variations to the plan, call in early and keep to the final deadline.

Step 7: Celebrate!

Celebrate the small wins. Share with your buddy and celebrate each milestone and of course the completion of your project.

Getting Accountability – Who’d be interested in a Mini Mastermind?

As mentioned, accountability s the key. Holding yourself accountable is OK, but if it hasn’t worked to date, what’s changed.

With the information here, you can get on with that project, but I’m suspecting you knew this information before. As someone once told me – “If nothing changes – nothing changes.”

So I want to put it out there – Who’d be up for a mini-mastermind, a boot camp for your business? Would you be up for a 28-day sprint to get your business in better shape?

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