8 End-of-the-Year Tips for Entrepreneurs

hollyimagecanvaThe holiday season means different things for different companies.  For some, it’s the busiest time of the year.  For others, business wanes as customers focus their attention elsewhere.

Regardless of which end of the scale your business falls, consider these tips to get the most out of the last month of the year:

  1. Reflect on what worked – and what didn’t. Congratulate yourself on the things that went right in 2016.  You devote enormous amounts of time and energy to your business. It’s important to celebrate the victories along the way.
  1. Meet with your accountant. With the year almost over, you can get a clear picture of how your business numbers look for 2016 and what you may need to do next year.  The operative word here is “may” since no one knows (yet) what the new presidential administration will mean for businesses.
  1. Expect holiday schedules. People like to take time off during this time of the year.  Anticipate this and plan around it.
  1. Donate. Make any last-minute tax deductible contributions that you’ll want to take for 2016.
  1. Thank your customers and vendors. You wouldn’t have a business without them.
  1. Thank your employees. You wouldn’t have a business without them, either.  Let them know how much you appreciate their support!
  1. Carve out some quiet time. The stress of the holiday season can be magnified for entrepreneurs — especially if you have adult children, grandchildren or other relatives staying with you this month. Give yourself some tranquility by getting up a half hour earlier – or going to bed a half hour later – than your houseguests.
  1. Get a jump on 2017. Don’t wait until January to make New Year’s resolutions. Use the weeks in December to set goals so you can hit the ground running.

One more thought: Many people become entrepreneurs because they want to control their schedules. Why not take advantage of this flexibility to spend time with family and friends during the holidays?  That’s what makes the season truly special.

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About Lynne Strang

I'm a writer who blogs about 40-and-older business owners. I am also the author of "Late-Blooming Entrepreneurs: Eight Principles for Starting a Business After Age 40." Outside of work, I enjoy reading, cooking, vegetable gardening and exercise (especially cycling).
This entry was posted in Business, Career Changes, Careers, entrepreneurs, Entrepreneurship, Leadership, Retirement, Success and tagged , . Bookmark the permalink.

6 Responses to 8 End-of-the-Year Tips for Entrepreneurs

  1. Thank you for providing this wonderful information. Happy holidays!

  2. Thank you, Lynne.
    It’s straight to the point, easy and quick to implement.
    Happy holidays.

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