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New Year’s Resolutions for Freelancers and Small Business Owners

Posted on 16th December 2017 by Caunce O'Hara

We all start the year with the same good intentions. Lose weight, drink more water, keep that houseplant alive. Unfortunately, these well-meaning New Year’s Resolutions inevitably fall by the wayside by the middle of January.

If you’re planning to make a New Year’s Resolution this year, why not make it something you can actually stick to. Setting goals for your business is a great way to start the year. So, whether you’re just starting up or if you’re hoping to expand your business this year, why not try sticking to some of these top New Year’s Resolutions for business owners?

Get a Grip on your Finances

Few of us are naturally endowed with the financial awareness of an accountant. As a business owner, it can be easy to pass the responsibility of keeping track of your finances to an accountant and then live in blissful ignorance. Getting a hold of your finances is a great way to start the year. It can help you to identify opportunities for growth and spot trends that your accountant isn’t even looking for.

For freelancers, taking control of your finances might mean keeping accurate tax records, which might even lead to a reduction in your tax bill as a result!

Find a Mentor

Running your own business can feel like a very solitary pursuit. Networking can help you to reach out and meet like-minded people, but these like-minded people are often the competition, which can make asking for advice difficult. Finding a mentor can help you to overcome a lot of your shortfalls in business and learn new things about yourself. It can also push you to try new things and look at problems from a new perspective.

Make Time for You

Business owners and freelancers are notorious for their long working hours. When you are working towards building your dream, the early starts, late nights and weekend shifts can feel like part and parcel. Unfortunately, this is a quick recipe for burnout. If you want to succeed in business, it’s important that you are able to push yourself. But you also need to know when you take a step back. Make it your New Year’s Resolution to set aside time for yourself on your calendar. If you treat it just as you would an important meeting, you are much less likely to cancel.

Make business planning a priority

It can be easy to get caught up in the small day-to-day details of running a business. In 2018, why not make it your resolution to delegate the smaller details and give yourself the time to think about the bigger picture. So many aspects of running a business can be automated, so it makes sense to take advantage of these opportunities to streamline your business management. Business planning might include setting goals, learning new skills, or putting more time into your marketing strategy.

Whatever your goals in 2018, make sure that you are fully protected from threats with small business insurance from Caunce O’Hara. If you already have coverage and your business is expanding, make sure you get in touch to update your policy to ensure you are fully protected.

Get a quote for your business insurance here

Or call our friendly team for a quotation on 0333 321 1403

 


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