A new year signals a fresh start. For many people, Jan. 1 offers a chance to assess the past year while looking ahead at the next 365 days. It’s an opportunity to set some goals, whether it’s getting fit, finally taking that career leap, or traveling more. So, while you make a list of personal New Year’s resolutions, why not do the same for your business?
According to a 2015 study conducted at the Dominican University of California, writing down goals and sharing them with others significantly increases the likelihood of achieving them. An impressive 76% of participants who wrote down business goals, set actionable commitments, and sent updates to friends reported reaching that goal at the end of the study. Comparably, only 35% of participants who kept their goals to themselves achieved success.
Setting New Year’s resolutions for your retail business not only forces you to think about how you want it grow, but also requires you to consider what steps you need to take in order to get there. It’s a chance to look beyond the dollars and cents on your year-end report, and take actionable steps to making your business dreams become reality. And it’s a simple step to take when you’re already doing business planning for the year ahead.
So with that in mind, we outline 10 new year’s resolutions every retailer should consider making for 2018.