Some people make new year resolutions every January. They may share their intentions but we rarely hear how successful or otherwise their commitment turns out to be.
Do you do this at all? If, like many of us, you have not held your resolve in the past, maybe this year will be different. But, if you have struggled previously, then you are more likely to be successful in your ambitions if you change the way you make and review your resolutions. Doing the same things in the same way and expecting different outcomes is rarely an effective strategy.
Here are 7 ideas that I recommend you include in your resolutions, ambitions and plans for the coming year:
1. Reducing the January rush
I will take responsibility for allowing so many of my clients to delay sending me all the information I need until January. I have had enough and will start planning now to stop this continuing year-after-year.
I will release cash by reducing my lock-up to 30 days through changes to my terms of business, more prompt billing and applying my standard credit terms whenever clients fail to pay on time.
4. Linkedin profile
I will add a professional looking photo and an up-to-date summary of my current experience and abilities to my Linkedin profile. This could make all the difference whenever someone is checking me out online: e.g. a prospective client, a prospective referrer or advocate, an ex-colleague or ex-client.
5. Talk with clients
I will make appointments to speak with all of my best clients within the next three months, just to see how things are going for them. Many of these calls and meetings will lead to those clients asking me to provide additional advice and services – that I can bill them for.
6. Dump the duff clients
I will stop complaining about my three worst clients and will encourage them to find new accountants within the next few months. I will replace them with three new clients as I deserve to work only with people who appreciate what I do for them.
7. Mentoring group
I will join a local mentoring group for ambitious accountants (eg: The Inner Circle) where I can learn from my peers and enhance my business and personal (non-technical skills). The group will help motivate me to keep all of my New Year resolutions. I also know I don’t have a monopoly on good ideas and I want to make this the year that I learn to become more successful.