Personal Financial And Social - New Year's Resolutions For Businesses [infographic]

The beginning of a new year is not only a time to celebrate with family and friends but also an important time to reflect on the past year and plan ahead for the new year. As this year winds down and a new one begins, assess how your business performed this year, what worked? What didn’t? And consider what changes you could make to help your small business reach the next level of success.

A study shows that only 45 percent of Americans make New Year's resolutions every year, but only 8% of those actually meet their goals. To help small business owners improve and reach new heights in the new year, the team at SuretyBonds has designed this infographic that lists 3 top resolutions for the SMBs.

Personal Financial And Social - New Year's Resolutions For Businesses [infographic]

Personal

Improve yourself mentally and physically. revisit the goals you set this time last year. IF you didn't reach them, ask yourself, 'Why' if you did reach them, consider ways you can continue growing. Set aside time to take a break from the office and clear your head. You'll be a better leader if you disconnect from work force in a while. Find a new skill to acquire or subject to learn about. Continue to look for opportunities to widen your skill set.

Financial

Check your credit score and seek ways to improve it. Revise your budget by considering the big picture and limiting your spending on nonessential expenditures. Pay off last year's debt as soon as possible so you ca start the new year with a clean slate. Evaluate what your time is worth and see if there is a better way to spend your time and money.

Social

Organize company events that will encourage positive company moral and teamwork. Analyze your social media tactics. Know your target audience, and learn how to improve your practices. Show your employees you appreciate their hard work by celebrating the past year's achievements. Promote an open dialogue with everybody associated with your business. Ask where they see room for improvement.