We often begin the new year determined to make positive changes in our lives such as losing weight, setting career goals, and managing our time more effectively. It’s never too late to start.
Does it make sense to take the same ‘personal’ approach and apply it to our businesses? The answer is YES!
Some Resolutions to Consider:
- Improve the physical health of your company. Physical health leads to better mental health. Studies have proven that employees are more productive and mentally sharp if physical exercise is a part of their daily lives. Try setting up a fitness challenge in the workplace. Whenever possible, you as the business leader should lead the way as good habits trickle from the top down. This will allow for team building and enable you to build on your relationships with your employees.
- Establish expectations. Meet with all of your employees, or at a minimum with your direct reports. Often, small to medium- sized companies overlook the formal review process. Limited resources, time constraints and other priorities are often the culprit. Your employees are a critical resource and are key to your company’s success. Investing the time to sit down and review their progress, their strengths and weaknesses and setting goals and expectations for the coming year is important. Additionally, you may be surprised what you may learn about your company, its customers, suppliers and competitors in the process.
- Team building plan. Plan events throughout the year for employees to get together and build relationships – everything from summer barbeques to childrens’ Christmas parties to competitive bowling nights. They all work to create a sense of family and give the business leader an opportunity to address employees and shape the culture of the organization.
Finally, keep your resolutions simple and attainable. There is nothing worse than starting out strong and then not following through on your promises. Hmmmm……sounds like my weight loss program!
Happy and prosperous New Year to all!
Ken is the acting CFO for K&K Recycling Services, a Pickering, Ontario-based ferrous and non-ferrous scrap metal processing, brokering and recycling company operating in Canada and the United States. He is also a founding partner of Growth Equity Partners whose focus has been to support small to medium-sized private and publicly listed companies execute transformational business initiatives since 2001. Visit www.growthequitypartners.com