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Top 4 New Year’s Resolutions for Your Business

December, 2021

New beginnings are in order, and with that comes the time to reflect on the past year and build goals not only for ourselves but also for our businesses. Apparently, it is said that, what the new year brings to us depends to a great extent on what we bring to the new year. So, to get you started, we have compiled a list of four new year’s resolutions that will help you steer into 2022 with the confidence and direction that your business requires.

1. Create a learning culture in your organisation

An organisation with a learning culture encourages continuous growth. A good learning culture helps enhance agility and performance in an organisation. The best way for an organisation and its employees to grow is by investing in practices that not only help to build professional skills but also promote overall personality development.

There are many benefits of a cultivated learning culture in an organisation. It leads to increased efficiency, productivity and profit, increased employee satisfaction and decreased turnover. It also yields an enhanced ability in workers to adapt to change. The best way to achieve this is to formalize training and development goals otherwise it runs the risk of not being taken seriously and thus not being implemented.

2. Learn to delegate

One of the most important principles for being highly efficient at the workplace is the ability to delegate effectively. Business owners have a hundred tasks on their to-do list every day. In such a situation it becomes imperative to learn how to delegate and do it effectively. The goal is to outsource tasks that others can handle and focus on other sophisticated aspects of the business.

Delegation also plays a pivotal role in establishing trust and respect with subordinates as well. Carrying out activities as per their discretion fosters a sense of value and achievement among them. They thus tend to have a higher level of commitment to their work and the organisation. Setting up regular check-ins with the employee would ensure effective and efficient work.

3. Rectifying what doesn’t work

Get rid of the items in your business that aren't working in 2022 and replace them with alternatives that are. Executives, managers, and business owners all strive to create streamlined, efficient, and productive work environments. They want engaged, happy employees and satisfied customers who want to do business with them month after month. Yet, every company has certain inefficient sections.

Detecting inefficiencies in a firm can be a difficult and time-consuming task. It can be a long and winding road to get there, involving paper trails and damaged sentiments among staff. When numerous regions of minor inefficiency collude to create bigger areas of poor performance, serious issues develop. Business consultants, trainers, and coaches can assist in identifying inefficiencies and providing guidance on how to address them.

4. Make better use of social media

Over the last few years, social media has completely changed the internet, and the world of marketing. It offers a platform for creating brand awareness, relationship building and driving sales of the company. Further, it helps create a loyal community that establishes an emotional connection between the company and its prospects which is essential for long-term success. People love companies that are proactively working towards building a lively community.

Social Media is also a great source for receiving feedback. It can increase your online presence thereby expanding your customer base. Listening to prospects on social networking platforms can help you respond to their specific needs. Compared to conventional and traditional methods, social media marketing is affordable for any business. In all, social media has a lot of benefits to offer which should not be neglected.

Hoping that 2022 brings all the success and prosperity that you wish for. See you next year!

  • Written By Ridhima Goyal and Lakshita Srivastava

Ridhima is an intern at TSB. She thinks numbers are the best storytellers and is always excited about nothing.

Lakshita is an intern at TSB. She's passionate about Entrepreneurship, Research and Sports. She strongly believes that everything happens for a reason; a good reason.