New Year's Resolutions

5 New Year’s Resolutions Every Entrepreneur Should Make for Success in 2020

As 2019 draws to a close, many individuals are reflecting on the past year and looking forward to the possibilities a new decade can allow. While it’s great to improve your personal life, there is always room for improvement in your business, as well.

The New Year is the perfect time to evaluate your company’s strengths and weaknesses and create goals or resolutions for the upcoming year. Even the most successful entrepreneurs and founders use the New Year as an opportunity for growth.

If you’re looking for ideas, we’ve rounded up a handful of our favorite entrepreneurial resolutions from successful thought leaders.

“My New Year’s Resolution advice for other entrepreneurs in 2020 is to encourage them to anticipate, participate and stay on top of regulatory moves in your industry. As legislation changes, it’s so important to be aware of what is evolving. Even as a startup, you can contribute to the conversation and join industry groups to make your voice heard.”

– Sara Schaer, co-founder of Kango

Consider your resolutions as goals to pursue

“I recommend for everyone to set New Year’s Resolutions for three different areas of your life: business, health and growth. I prefer to call them ‘goals’ because for me, they come from a reflection of the past year, and a plan for how I want to live my life in the New Year. This year, my goal is to always go after what I want wholeheartedly.”

– Cathryn Lavery, co-founder and CEO of BestSelf Co.

Imagine the possibilities your company could create

“Every entrepreneur should resolve to dream bigger in 2020. It might sound cliché, but we’re at the start of a new decade, which is really exciting. Think about the next 10 years. What do you want to achieve? Where do you want to be in 2030? Dream big and start chasing those goals as soon as possible.”

– Danh Tran, founder of Buttercloth

Choose a credit card that will help grow your business

“As an entrepreneur, resolve to make your money work for you in 2020. The easiest way to start is by choosing a business credit card that has strong rewards that compliment your business goals.

For example, if you find yourself traveling frequently, choose a card with good travel perks like points toward flights or no foreign transaction fees. Using the perfect card to earn residual rewards or cashback on your necessary, everyday expenses is an easy way to rack up savings throughout the year.”

– Patrick Beckman, contributing finance editor of RAVE Reviews

Sign Up: Receive the StartupNation newsletter!

Choose happiness for yourself and your employees

“My New Year’s Resolution is to spark joy. It sounds very ‘Marie Kondo,’ but I think it’s a great principle that every business leader can apply to their life and their company. Be the reason for someone else’s happiness! I hope our products do that for people every day, but in 2020, I’m making a more intentional effort to bring joy daily for the people around me and for my employees.”

– Evan Mendelsohn, co-founder of Tipsy Elves

There you have it! Hopefully this has inspired you to set your own entrepreneurial resolutions for the New Year. Let us know what your business goals for 2020 are in the comments section below.

Previous Article
food industry

How Entrepreneurs are Shaping the Future of the Food Industry

Next Article
e-commerce shipping

Should the E-Commerce Industry Scale Back Two-Day Shipping?

Related Posts
home-based businesses
Read More

The Value of Home-Based Businesses to Economic Recovery

The challenge of America’s economic recovery, in the wake of the COVID-19 pandemic, is to spread it to every community – and especially those that have been historically excluded. The key to meeting that challenge is to appreciate the civic and economic value of an overlooked resource: home-based businesses. There are about 16 million home-based...
Read More

WJR Business Beat: Job Switchers Rewarded with Higher Pay (Episode 406)

On today's Business Beat, Jeff Sloan talks about how it's going to be more difficult and costly for small businesses to hire the best talent because job switchers during the pandemic have seen significant salary hikes. Tune in to today's Business Beat for more:   Tune in to News/Talk 760 AM WJR weekday mornings at...
startup team
Read More

5 Strategies for Building a Great Startup Team

The way you treat your employees, their time, skills and abilities in the early phases of your union as a team influences the rest of your company's course of action. Mark Zuckerberg once said, "The most important thing for you as an entrepreneur trying to build something is, you need to build a really good...
pitch videos
Read More

How Pitch Videos Can Help Your Startup Get Funding

When you’re about to launch a startup, gaining the interest and support of startup investors is an important element in becoming a successful brand. These days, videos are a great way of communicating information and landing you anything from seed funding to crowdfunding. After all, a great pitch video can grab your investors’ and consumers’...