At year-end, some begin making personal and professional resolutions for the coming year, while others just reflect back on missed opportunities.
By: Roger Gudobba
New Year’s resolution is a commitment that a person makes at the start of the year. On the personal level, typically they are about improving your financial situation (saving more, reducing debt), getting healthier (weight loss, exercise, stop smoking), getting organized, enjoying life more by spending more time with family and friends or advancing your career through additional education and training.
People seem to be at their creative best when it comes to composing resolutions; and at their worst when it comes to keeping them.
Statistics show that 45% of Americans make one or more resolutions, 17% will do it occasionally but 38% never make a resolution. Only 8% are successful in achieving their resolutions, 50% have infrequent success and 24% fail every resolution every year. That means 3 out of 4 people almost never succeed. Resolutions maintained through the first week are 75%, drops to 64% after one month and 46% after 6 months. The gym is full for the month of January and becomes relatively empty in February.
On the professional level, most organizations normally have a very detailed process of planning, both short-term and long-term. By defining some New Year’s resolutions you can benefit tremendously from starting each year with a new outlook, whether you are an owner or senior executive in the organization. For small business owners, it doesn’t necessarily mean they don’t do the same things as the larger companies; the need to be more nimble and quick to react is a necessity for them.
Read the full article: New Year’s Resolutions