New Year's Resolutions

It's been said that 85% of New Year's resolutions are broken by the end of January. Making (and keeping) resolutions can be helpful to a business owner, especially during these difficult times.

Here are my five resolutions for 2009 (which I plan to keep):

  1. Review the business plan. My original projections for 2009 will have to be changed to be realistic in light of the current economic climate.
  2. Build a war chest of cash. Concerns about the need to borrow money can be avoided (or minimized) by amassing resources for business requirements so borrowing won't be the only recourse.
  3. Maintain relationships and develop new ones. Clients and customers are more valuable now than ever, so I plan to take the time to reinforce these relationships. I also plan to spend time creating new ones.
  4. Challenge myself. These times call not only for hard work and patience, but also for creativity. I plan to stretch myself in finding solutions to ongoing challenges.
  5. Stay optimistic. With doom and gloom being expressed daily in the media and many businesses facing real challenges (and, unfortunately, a number succumbing to financial woes and going under), it's not easy to remain hopeful--but that is what I plan to do.
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