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5 New Year Resolutions for the Entrepreneur



Alby Colmond, Knowledge Level: All Levels, Keywords: new year, resolution, entrepreneur

In the state of North Carolina, basketball reigns king over all sports from the first leaf dropping in the autumn, until the champion’s alma mater is played in early April. And in the world of basketball, no one is known for his or her work ethic like Tyler Hansbrough. Although I am partial to the 3-time All American because I attended UNC for undergrad, it was a quote regarding his New Years resolution that struck me in an article earlier this week. Tyler, in what I assumed to be frozen in a dumbfounded face stated “I don’t understand it [. . .] Why do you have to wait one year to have a resolution? Why don’t you just do whatever it is you want to accomplish right now?” Point taken. 

In the world of business, just like in the world of basketball, we should shame ourselves on not taking initiative to begin our New Year’s resolutions months earlier. This exceptionally applies in the world of entrepreneurship. So while making my New Year’s Resolutions, I looked back at my downfalls in 2008 and how I can improve upon them. Why doesn’t Tyler Hansbrough have any New Year’s Resolutions? Because the 2008 National Player of the Year doesn’t need them when he takes the initiative to improve himself on a daily schedule.

So here are 5 shortcomings that happened in my life, that can be used as suggestions for any entrepreneur in the year of 2009. Hopefully they will help improve productivity and efficiency in your live and workplace:

5. Work more intelligently. Working efficient is working intelligent. Limit your disruptions and minimize the pork work. Inefficiencies are a loss to company and personal time. You will also leave the office feeling better about yourself.

4. Network with more people. Regardless of who you are, there are no diminishing returns in the art of increasing your network. By asking yourself how you can better interact with people outside your job, you will be able to learn more about yourself, industry, and others like you as well. The friendships you establish will also help you down the road with future jobs and references.

3. Make yourself Unique. By finding a unique skill or technique that you can bring to the table in your company, you not only justify your employment, but you can also justify raises and bonuses. In tough economic times, this resolution will come a long ways.  

2. Help Out with the Community. Giving back to the community is imperative to developing your sense of self. Ask what you have done lately to improve the lives of others, or what you can do to increase the time you give to the community. This will increase the lives of others, as well as your own self worth and networking possibilities.

1. Get along better in the office. Is there the one man you always avoid around the water cooler? Or the cubicle you avoid under all circumstances just because you do not like the person sitting in it? Well this is absolutely uncalled for in the work place, as a company must work as a team to increase their impact in the markets. Find positive ways to change to situation that draws you away from your troublesome boss or coworker. Sit them down and begin to create a positive working environment.

Bonus: At this time next year, have no resolutions. Just like Hansbrough said, there is no reason to wait until the end of the year to begin a New Year’s Resolution. From this point on, be sure the only New Year’s Resolution you have is to never have one again. When there is a step in the positive direction that need to be made, take the initiative and do it then and there. That’s the entrepreneurs way.

Colby is a financial services and entrepreneurship expert. Article on new year, resolution, entrepreneur by Alby Colmond


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