New Year Resolutions for Entrepreneurs

It is the time of the year when we all make resolutions for the New Year. I offer for Entrepreneurs three simple resolutions that I have read along the way.

Hire Great People– Although obvious, it would tremendously benefit Entrepreneurs to always hire great 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.

Make Money Consistently – 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 consistently. How much money you want to make is totally determined by your Financial Targets.

Have Lots of 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 2013!

Ravi Patel

www.patelCFOservices.com

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Published in: on January 2, 2013 at 4:59 am  Leave a Comment  
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A New Dawn in 2012

As you take on 2012, it is time to take a “Balance Sheet Review” of your business; not the true accounting numbers kind, but philosophically similar.

Entrepreneurs should evaluate their “assets” in the business – products/services, secondary leadership, people, customers, processes, etc. This should establish the strengths of your business to either build upon or further improve in 2012.

A determination of your “liabilities” will give you an idea of the weaknesses that need to be focused on in 2012. These “liabilities” need to be mitigated or converted to “assets” so that you can utilize them for success during the year.

By performing a “Balance Sheet Review,” Entrepreneurs can set their priorities, resolutions and goals for 2012 – a new dawn!

As Napoleon Hill said, “Hire good people, make money, and have fun,” in 2012!

Ravi Patel

www.patelCFOservices.com

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 that I have learned along the way.

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.

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 2011!

Ravi Patel

 

Published in: on January 10, 2011 at 5:48 am  Leave a Comment  
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