PLEASE NOTE:

MyNews24 is a user-generated section of News24.com. The stories here come from users.

 
Ntokozo Khumalo
 
Comments: 1
Article views: 304
 
 
Latest Badges:

 
View all Ntokozo Khumalo's badges.
 

Why YOU the entrepreneur may need new years resolutions for 2013!

16 January 2013, 11:22

via www.ybl.co.za

Less than a minute into the New Year, my friends and I were already gushing about our New Year’s resolutions. ‘I am going to lose 20 kilograms’, ‘I want to volunteer more’, ‘my business is going to make more money’: the list went on and on. Fuelled by some glasses of celebratory wine, the evening revolved “You CAN do it!”

Of course, it’s all good and well to make resolutions, but personal experience has proven that 99.9% of the time these pledges don’t materialize. The challenge of transforming a resolution into practice is sometimes too great, especially when that particular resolution itself is not realistic.

So how can you stick to your resolution? Blogger Jamie Dunn says: the easiest way to turn resolutions into tangible result is to keep them clean and simple. I decided to follow his advice and have drawn up a list of New Years’s Business Resolution for 2013. These tips are for myself and every entrepreneur out there to get ahead in 2013.

1) I will stop spending money I do not have. Being an entrepreneur and small business owner takes some, if not a lot, of money. Reckless spending is a big no-no. Invest your revenue in your business, not on a new car you can’t afford. And that expensive pair of shoes, well, it is not the key to entrepreneurial success!

2) I will stop having unproductive ‘coffee’ meetings. My mom once asked me ‘Do you really get any work done when you meet someone for coffee’. Naturally, I gave her a quick ‘Yes mom’. However, truth be told I could do with less coffee meetings. That is why I am, going to try to keep my meetings low-cost and short, and will schedule them at a productive place like – oh I don’t know – an office! Sometimes this is difficult if you don’t have office space, but try to find somewhere that allows you to be productive and not drift from the purpose of the meeting. Having a meeting at a Mugg & Bean, where you end up spending most of the time ordering and settling bills, is not productive.

3) I will respect my social media as a powerful tool for my business. Please don’t have words like ‘hustler’ and ‘business man from the streets’ on your LinkedIn, Facebook or Twitter profiles if you want to be taken seriously. It makes you look stupid. People will not do business with you. On the same note, do not confuse any popularity you may have on social media platforms with success!

4) I will learn to take things in smaller chunks. As much as you would love to think of yourself as Superman, most people (including you and me) can only do one thing at a time. This applies to business too! Focus on getting one company off the ground at a time, and focus on smaller chunks of tasks.

5) I will have an actual to do list. Use project plans or spreadsheets that allow you to zone in on your tasks. This ties up with the learning to take things in smaller chunks. I admit, I struggle quite a bit with this. I usually write my tasks for the day in my notebook, and carry over whatever was not done to the next day. This is not good enough – ever! Find a system that works for you, but have that list and stick to it!

6) And finally, Fire someone. Even if you only have a couple of employees, there is almost always someone someone who is not adding value to your vision and business. One of the greatest stumbling blocks to growing your business is an under-performing employee who sabotages the future of your company. As the boss, you have the right to get people on board who will work for their pay, and help you achieve your goals – are ditch those who don’t. You cannot afford the cost of under achieving employees as an entrepreneur and small business owner.

I would like to close off with a concept Entrepreneur.com came up with to help entrepreneur’s focus in 2013: ‘Don’t write a book, but write a story about a memory. Don’t get in shape, do pick up a 5K run to train for and complete. Don’t get rid of debt, do pay an extra 5% of what you owe next time. Don’t get organized, do review, purge and clean one shelf at a time. Don’t manage your time better, do get used to working in blocks of 15 minutes. Don’t become a better person; do schedule the next volunteer event to spend half a day helping. Don’t learn more, do invite someone you respect to meet for a coffee or lunch five times over the year.’

Last but not least: Be a happy, focused and successful entrepreneur in 2013!

By Ntokozo Khumalo – Ntokozo is an Africa business writer, reporter and producer – and a regular Thought Leader on YBL. She has worked for CNBC Africa, Africa Business Review and eNCA Africa Edition and is passionate about entrepreneurship.She is also the Founder and CEO of Hot Content Media.

Follow her on on Twitter (@NtokozoInStereo) or check out her tumblr page NtokozoKhumalo.tumblr.com

Disclaimer: All articles and letters published on MyNews24 have been independently written by members of News24's community. The views of users published on News24 are therefore their own and do not necessarily represent the views of News24. News24 editors also reserve the right to edit or delete any and all comments received.
 

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
1 comment
Add your comment
Comment 0 characters remaining

Read more from our Users

Submitted by
Terrylin Backpackers
The cheque is in the post

"I hear you are in bond collections. What are the latest excuses people are coming up with these days? I've run out of ideas." Read more...

5 comments 1181 views
Submitted by
Meta
News in the digital age

How do you think that spreading your hate/bigotry and or intolerance helps anybody? Read more...

13 comments 1008 views
Submitted by
Brian Faul
How and why a Dictator is born

One needs to remember looking back in history these hard times is when a dictator is more likely to get born. It is during these hard times that a dictator gets voted into power. Read more...

10 comments 1836 views
Submitted by
Prenisha Naidoo
I will be proactive...

This letter is in response to articles on the death of baby Jamie Naidoo, We have the tendency to be reactive…we wait for something to happen, then suddenly we care, writes a News24 User. Read more...

2 comments 444 views
Submitted by
woadstress
Celebration

Make a list of at least ten things that you can celebrate, and write two or three reasons why you can celebrate those things or events. Read more...

1 comments 157 views
Submitted by
Eric de Castro
Last squeak of the year

 Read more...

13 comments 232 views

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Kalahari.com - shop online today

2DAYS ONLY – 30% off Appliances

Coffee makers, blenders, fans, juicers and more. T&Cs apply. Shop now!

2 DAYS ONLY – 40% off books

Get 40% off when you buy 2 books. For two days only! T&Cs apply. Buy now!

Up to 50% off on outdoor gear

Save on chairs, blankets, cooler bags, umbrellas and more. Shop now!

Save on Samsung

Cameras, mobile phones, TVs, Tablets and more. While stocks last. Shop now!

Grand Theft Auto 5

Now available on PS4, Xbox One and PC from R649. Buy now!

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

 

services

E-mail Alerts The latest headlines in your inbox

RSS feeds News delivered really simply.

Mobile News24 on your mobile or PDA

E-mail Newsletters You choose what you want

News24 on your iPhone Get News24 headlines on your iPhone.

SMS Alerts Get breaking news stories via SMS.

Blogs Your opinion on you, me and everyone.

Calais Website keywords automated by OpenCalais.

 
Interactive Advertising Bureau
 
© 2014 24.com. All rights reserved.
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.








Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.