The 4 things every entrepreneur should do during the first week of business of the year

It’s not just about looking busy, it’s about preparing for growth and success for the next 12 months.

This article has been translated from our English edition.

The opinions of the employees of You are personal.

The 4 things every entrepreneur should do during the first week of business of the year
The 4 things every entrepreneur should do during the first week of business of the year

The parties ended and the New Year It’s at its full potential, so it’s the perfect time to come up with fresh, innovative, and smart ideas that will fuel your business growth.

We’re leaving you with four things to do this first week in business to grow your business ship in the next 365 days, regardless of the size of your company, if you dedicate yourself to customers or other companies or the industry in which you develop.

1. Make a “100 Day Plan”

Since Franklin Roosevelt proposed this measure in 1930, the 100-day plan is a very good way to measure the effectiveness of a newly elected American president. These are achievable goals that will serve to build the new president’s long-term vision.

s should do something similar: write their own 100-day plan of the actual actions they can take to increase their company’s productivity and profits. This plan sets out 100 goals and requires an indication of the steps and resources necessary to achieve those goals.

Of course, it is necessary to have a long-term vision, but the 100 day plan allows you to achieve certain goals and start the year with energy. When you get to the end of that plan in mid-April you will see where to fail, but more importantly, what to do right and what to recalibrate.

2. Eliminate clutter

Whether you believe in the power of Feng Shui Or you just want your office to be more productive. The first week of the year should be dedicated to getting rid of anything that doesn’t serve you. Dedicate a Saturday and ask your team to come (invite the pizzas and soft drinks) and devote themselves to destroying all documents that are no longer useful and separating everything that can be donated. Once the storage space is clean, implement a system with your staff to prevent things from filling up again (rely more on the cloud, use the Konmari method).

3. Fire the person you know should be fired

You may have tried waiting with a representative for something to change, or you may have just ignored the problem in hopes it would resolve itself, but it is time you face the fact that a bad employee can be dangerous. It’s okay to wait for the holidays, but it’s already January. Think about the cost of a toxic employee: low productivity, low morale from the rest of the team, extra supervision, damage to customer relationships, lost profits, and so on. It’s time for an ultimatum or a final decision.

4. Increase your prices

The first week of the year is perfect for checking the prices of your products and services and increasing them if possible. Many SMEs try to compete by cutting prices, but in many cases it doesn’t work because they apply those discounts to goods that no longer interest the buyer (something like lowering Christmas trees in January). Better to devise a plan that examines your competition, your price history, and the calendar to see when the best time is to increase and how to add value to the commodity you are increasing the price for. If you can find a product or service that you can earn pennies for, go for it!

After the crazy parties at the end of the year, it’s understandable if you need a little time to “get into the rhythm”. However, entrepreneurs who have the discipline to start the year with these measures and do a good “fresh start” can encourage their teams, come up with great ideas, and create new opportunities for success and innovation.

Similar Posts