Entrepreneur Resolutions for the New Year

It is the time of the year when we all make resolutions for the New Year. I offer for Entrepreneurs three simple resolutions inspired by a CEO that I worked for.

Hire Good People– Although obvious, it would tremendously benefit Entrepreneurs to always hire good people. Good people are not necessarily ones who have the best technical skills; but are also team players, have relevant experience, sustained loyalty, great work ethic and values, are quick learners and possess tremendous interpersonal and communication skills. Hiring good people will allow the Entrepreneur to “Do the Right Things” as these good people will “Do Things Right” (see my post on Doing the Right Things in November 2008).

Make Money – Again, quite obvious. However, Entrepreneurs need to be creative in developing new ways to increase Revenues and curtail or maintain costs. In essence the goal of your business is to make money. How much money you want to make is totally determined by your Financial Targets.

Have Fun– this is the most important resolution you can make. Having fun while running your business should be the goal of each Entrepreneur. If you have fun, your people will enjoy working with you and making money will be a joyful process.

Wish you all the very best in 2009!

Ravi Patel

www.patelCFOservices.com

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