Posts Tagged ‘New Year’s resolutions’

347 Days Left for Entrepreneurs’ 2013 Business Resolutions

January 18, 2013

Making New Year’s resolutions is a tradition that has increased in popularity (in the United States, at least) over the years. According to Wikipedia, about 25 percent of American adults set New Year’s resolutions during the Great Depression. That number had increased to 40 percent by the turn of the millennium.  The tradition has a very old history. The ancient Babylonians promised their gods at the beginning of each year that they would pay their debts and retuThere's still time to  make 2013 business resolutions.rn whatever they had borrowed, and, similarly, the Romans made promises to the god Janus (for whom January is named).

There’s still time to make 2013 business resolutions.

Setting goals helps most people to make changes in behavior and move ahead. This is as true in business as it is in our personal lives. I try to set New Year’s resolutions for Bridge Global Strategies every year.  My business goal for 2013 is to invest both time and budget on new sales and marketing techniques to stimulate faster growth (and my personal goal is to lose 20 pounds!).

I asked a few entrepreneurs to share their New Year’s resolutions for their companies with the readers of Bridgebuzz. Ron Dizy, president and CEO of Toronto-based green technology company Enbala, said his resolution was to “start each day thinking about the best way to have the biggest impact on the most important part of our business.” I asked him what he considered the most important part of his business (Enbala operates a Smart Grid platform that helps shift power use on the grid by controlling the industrial equipment of large electricity users, paying the users to participate – a less expensive alternative to expensive electric grid power storage.)  Ron answered, “That changes through the year, depending on what is most pressing. It might be load (client) engagement, it might be utility business development, it might be regulatory affairs, it might be a personnel issue. I guess the point of my resolution is to think about what thing or action would have the biggest impact on the business … And do that TODAY!”

Carol-Davis Grossman, managing partner of New Jersey- based events company The Charles Group , said that she and her partner, Susan Dunkelman have several resolutions for 2013: “Expand our client base by better leveraging our reputation with our existing clients; increase our company’s online presence; and focus our business development efforts on target markets we identified last year.”

Gary Palermo, managing director of Palazzo Investment Bankers, a  boutique investment bank focused on marketing, interactive, digital, information and new media companies, explained that his business resolutions involved separating business from family life. “My goal is to work even harder than the past year, while spending more time with my family. Sound impossible? Maybe … but while I continue dedicating time to business growth and clients (my other family) as a singular focus throughout my work day, when I’m with my family, I want to spend the time to actually remain focused on staying engaged with them. The idea is to not cross the time, event or moment with work-related thoughts while with my family. Work-life balance? Yes, indeed! I am aiming high this year!”

For C. Filipe Medeiros, founder and CTO of online company Ancientfaces.com,  the  most important resolution for 2013 for his company is becoming increasingly focused on identifying and solving the problems of the site’s users. “When you have a site with as much data and as many users as AncientFaces, nailing that down can be a huge challenge,” Filipe said.

Benton Morgan, co-founder and managing partner of Jet Partners, says his resolution is, “To always innovate. Never get comfortable with my normal routine. Find a way to make daily tasks more efficient. The easy way is not a option!”

Most people agree that stating a goal publicly makes it more likely that you’ll reach it. I know this is true for dieting. I believe it’s true for business goals as well. So, dear readers, please feel free to proclaim your New Year’s resolutions here. It’s not too late – we have 347 days left this year!

Lucy Siegel

Learn more about Bridge Global Strategies’ services for startups here: http://slidesha.re/XkGbit

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Seven Small Business Owners’ Resolutions for 2012

January 1, 2012

New Year’s resolutions are easily made and just as easily broken. According to a Wikipedia entry on the topic, a recent study showed that 78% of the people who make New Year’s resolutions fail to keep them.

Research done by psychologist and author Professor Richard Wiseman showed that those who succeed have certain characteristics in common:

  • They are specific with their goal setting, not general. For example, instead of “lose weight,” a goal people can more easily reach is to lose a pound a week by cutting out complex carbs and exercising three times a week.
  • Successful resolution makers tell others about their resolutions.

My personal resolutions are just like everyone else’s – lose weight, exercise more, save more money. I also resolve to make my resolutions more specific this year, in an attempt to be one of the 22 percent who succeed in meeting their goals. But business resolutions are less predictable. I know, because I asked a wide range of other small business owners what their business resolutions are for the new year. I’ll get to mine, but first I’ll share some from other small business owners’:

1. Eric Brody, President, Trajectory (a branding and marketing company in Morristown,N.J., working across health, wellbeing and beauty):

Eric’s resolution is to more strongly focus. “To focus our passion, people, products, process, procedures to better deliver results in the industry verticals in which we provide the most experience and expertise to our clients.”

2. Elayne Kling, owner, ZP Auto (auto repair shop) and ZP Vintage Stuff (vintage fashion & home accessories ), Williamsburg, Brooklyn , N.Y.:  

Elayne comments that, after a move to a new location in 2011, she resolves to improve her company’s online presence. “I’ve also expanded to include a completely different business, so I’ll be working hard on tying the two together online with social media, blogging and coupon promotions.”

 3. William A. Regen, Partner, Regen, Benz & McKenzie, CPA’s P.C. (an accounting firm in New York City):

Bill says he will focus on communication with clients: “I always find that the most important part of my business is communicating with clients, making sure they I respond to them timely and effectively.”

4. Douglas Simon, President & CEO, D S Simon Productions (a video production company headquartered in New York City, with offices in Washington, D.C., Los Angeles and Chicago):

“My resolution is to travel more in support of my regional offices,” Doug says. “I recognize the challenge of running a separate office in a different location and that it is easy to become separated from the headquarters operation. By traveling more, it will dramatically increase growth opportunities for the company and for those I employ in those key positions. Building the strength of our DC, LA and Chicago offices are a major goal of the company. Increasing my travel will help us be successful.”

5. Lee Weinstein, President, Weinstein PR (a Portland, Oregon-based boutique PR agency):

“My resolution is to give our business a hard scrub,” Lee says. “I’ll be looking at what we need to stop and start doing, what our weaknesses are, and how we can take our work up to the next level. I particularly want to examine where I spent my time as CEO in 2011, and how I need to work differently going forward to be of maximum value to the business and our associates.”

 6. Andrea Westmeyer, President, RMi (RMi provides marketing measurement and optimization services for the pharmaceutical industry. The firm is headquartered in Des Moines, and also has offices in New York City and Los Angeles.)

“One of my resolutions: think creatively about where competition may be lurking,” Andrea says, “and then ask myself if they are a potential partner rather than foe.”

 7. My own business resolution for Bridge Global Strategies is to keep my vision for the company in front of me at all times, and be more vigilant in assessing all of our activities to make sure our time is spent in ways that further that vision. There’s always pressure to spend time on things that may seem admirable and worthwhile, but don’t help us progress. I want to be very careful to stay on course.

Since the research shows you’re more likely to be successful with your New Year’s resolutions if you share them with others, I invite you to share them with us here. (Come on, spill your guts – it will help you take the first step!)

Lucy Siegel


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