The world is abuzz with New Years resolutions. The paper and other media are full of weight loss tips and tricks. Fitness gyms are seeing their annual spike in new memberships as the goal to loose weight is one of the yearly top new year resolutions.
Most of us know that new year resolutions do not always work. We get excited about changing our habits, but we easily fall back into the bad ones. A friend of mine stated that she is not going on a diet, but making a lifestyle change. There is a huge distinction in the words we use. A diet is seen as something negative and temporary, whereas a lifestyle change is more permanent in nature and uses more positive wording.
How can you apply the concept of lifestyle change to your business? What are some goals you have for you business that you have not been able to reach? Is it because you don’t have enough time or because you haven’t had enough cash on hand to make the investment? Whatever the reason, consider what you can do today to make the goal a reality.
Do you want to write a book (or any other type of professional publication)? If so, put a block on time on your calendar to write for 30-60 minutes each day. If you schedule the time you will be more likely to make the time.
Do you need more time to work on your business rather than working in your business? Working on your business means generating revenue whereas working in your business means you are doing the mundane tasks that you truly should outsource. What can you delegate to someone else? Maybe your monthly bookkeeping? Or maybe some marketing? Consider how much your time is worth, then compare that to what you would pay someone else for their expertise. Let’s say your billing rate is $150 per hour and it takes you 2-3 hours to input your daily receipts into Quickbooks (TM) each month. A bookkeeper might only charge you $100 for the same task. By doing the accounting yourself you are actually costing your business $200-350 each month.
Where can you create some efficiencies this year? Make some lifestyle changes to your business in 2011. Happy New Year!