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As the start of a new year approaches, it’s a great time to start planning. Will the new year be your best yet? Setting goals at this time of year is a great first step towards building a successful 2020.

In this post, we have put together some ideas of the different types of New Year’s resolutions and goals you could be making.

Financial goals

The end of the year or the beginning of a new one is a perfect time to give your business a cash health check to see exactly where your finances are right now.

Besides your business, make sure to take a look at your personal finance too – don’t neglect your pensions or investments! Make a plan for how you’re going to save money or invest it better next year.

New Year’s Resolution ideas:

● Start saving into a pension pot or increase contributions
● Try investing
● Look for ways to save money e.g. cancelling subscriptions, shopping around for better deals

Personal development goals

We’re all guilty of letting our self-care and personal development slide a bit when we’re busy. There are always other priorities and distractions that get in the way. Try to make this new year the year that you start really taking care of yourself.

Success starts from the ground up. If you take care of yourself, you’ll become a better business owner and your company will thrive.

New Year’s Resolution ideas:

● Join a gym
● Try a new diet
● Try therapy, meditation or yoga

Business expansion goals

With a new year comes a fresh start and a new opportunity to grow your business. If sales are stagnating or you’re getting complacent with making enough money, perhaps it’s time to really drive towards growth.

How you grow will depend entirely on your type of business and your circumstances but now is a great time to sit down and put together a solid plan of action for the new year ahead. This might involve expanding your team, finding new business premises, training staff, investing in new tech or software or adding a new service to your list.

New Year’s Resolution ideas:

● Plan to recruit staff
● Invest in new equipment or training
● Expand your service reach or product line

Skills and education goals

Education never ends if you want to become successful. There is so much knowledge out there waiting to be learned. New skills can be developed with the help of online courses, tutorials, YouTube videos, forums, books and more. Why not pick up a skill that allows you to become a better boss? Try taking up a new hobby to help you relax in your downtime.

New Year’s Resolution ideas:

● Learn to play an instrument, learn a language or try a new sport
● Sign up to a course in business management
● Aim to read 10 books a year

We hope this has given you some ideas on positive goals and resolutions to aim for in the new year. Setting goals is the first step though, you will need a way to remind yourself of your goals and measure your progress too to stay on track.

We’d love to know what your priority is for 2020. Will you be learning a new skill, revamping your business, expanding or working on self-care? Let us know in the comments.

About The Author

Kara Copple

An experienced business and finance writer, sometimes moonlighting as a fiction writer and blogger.

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