New Year starter-pack for every business owner
For the umpteenth time – Happy new year all! We are still super excited about 2023, and all the dopeness its about to bring all of us! Before business activities get into full gear, It’s important to decide how you will be doing business this year. [bctt tweet=”Look back at where you have been, where you are and on to where you want to be. ” username=”SheLeadsAfrica”] Choose what to improve, continue or probably stop doing, it’s important to go through the year consciously. Here’s a routine to help you get your business off to a good start… 1. Review your financials to determine how well your business is doing or not doing…Take a close look at your financial records and ask yourself these questions. Is my business making profit or loss? Is my cash flow positive or negative? Do I have loans from the business to repay? 2. Review your business operations How have you been delivering goods/services to your customers/clients? What can you do to improve on that? How will your business serve customers/clients better this year? These are questions you need to ask yourself and provide answers to, before moving forward. 3. Review your customer base, profile your existing customers, determine the ones that bring in the most income and the ones that can potentially bring in more. With this information, you can get more out of the market, and you’ll be able to know what kind of customers you should be advertising more too, how you can provide more value and sell more to them. 4. Service your most vital equipment(s), put them in order. This can be a good way to reduce sudden breakdowns during the year. 5. Sort out your personal/ company taxes; so many opportunities these days are tied to taxes, its best to have it sorted so you don’t miss out on great opportunities. 6. If you did not already do this at the end of the previous year, create your vision for the year ahead (you can do this using a vision board); based on your vision, set goals, write down your action plan and ways you intend to implement these plans as you go through the year In all, stay positive, keep an open mind and don’t start the year without a plan. Cheers to a great business year! Got a business experience to share with us? Share your experience with us here.
Your ultimate guide to starting and ending the year strong in 2023!
It’s 2023! Whoo hoo… It is not a year to rest on your oars, not a year to be complacent because of the level of success you have achieved so far, it is a year for doing more. There is still much work to be done no matter what your life vocation is. This year is bringing you a new opportunity to start (if you are yet to join the moving train of achievers), and to get better at what we do for our best is yet to come. The following steps will set you on the path of getting more done this year. If you know what you want, you will get it easily: Brain Tracy quote aptly puts it this way, “People with clear, written goals, accomplish far more in a shorter period of time than people without them could ever imagine”. I will put the emphasis here on “clear”-you are very sure what it is you want to achieve, you are not indecisive, thus, when you spot an opportunity that links to what you desire, you grab it with your two hands. Focus: You might have given yourself a pat on the back for the various feats you accomplished last year and this year you have so many ideas and you just want to execute them all at once. This might not turn out well and will slow down your productivity. It is important to balance your creativity with wisdom. Not all your beautiful ideas will fly so focus on your competitive advantage (that which you do so well or makes you stand out). See Success as a journey rather than a destination: When you see success as a destination, not only will you be tempted to wait for it to happen instead of working towards its achievement, but there is also the danger of being complacent. After the achievement of one goal, there should be the desire to get another. So don’t spend all your time trying to achieve one thing. Get it done and move on. Stop procrastinating Most of us are guilty of this habit. We push off what we are supposed to do now to a later time, and before you know it, it’s the year 2024. You don’t want to wake up tomorrow and you are a 105 years old; that dream you had when you were fifteen is still in your heart unaccomplished and you will know you have not lived because you will not feel fulfilled. Start working on that dream now so you don’t have regrets tomorrow. Be accountable: Arese Ugwu the author of the smart money woman in the acknowledgment page of the book mentioned that Steve Harris played a huge part in helping her finish the book in time-he kept checking up on her to make sure she was committed to writing her book. I believe if she hadn’t been accountable to him, she would not have finished the book at the time she did. There is this thing about the right time. If the book had not been published at the time it was perhaps the doors she said the book opened for her would not have happened. Find someone you can be accountable to especially if you are not naturally self-motivated or goal-oriented. Stay close to your inspiration: Life is not a walk in the park so are your dreams or things you desire to achieve. You need to stay inspired to reach the finishing line. Read articles regularly here on SLA, you will find stories that will help you learn from other people’s experiences so you can navigate your world better. Attend seminars and conferences aimed at making you improve the way you do things, watch movies that will motivate you, and surround yourself with people who can talk you up just when you need it. Be flexible: You don’t have to stick to one thing or one strategy if things are not working as expected. This year is for getting things done so don’t get stuck, find a new way for life is full of options. Oprah Winfrey puts it this way “Do what you have to do until you can do what you want to do.” I look forward to a greater you this year 2023!
Still haven’t set your 2019 Goals? Read this…
This year I have chosen to try something a little bit different. Instead of writing down resolutions, I have decided to set goals for the year. What’s the difference? Resolutions are a decision to do or not do something. It could be giving up alcohol for the first month of the year, or resolving to go back to the gym after a few months of slacking. Goals, on the other hand, are an aim to achieve a specific result. This could be to run a marathon or take an online course. So why pick goals over resolutions? Well, resolutions really don’t seem to last that long into the year and they are usually founded in some displeasure with your current state of being/ living. Now don’t get me wrong, there isn’t anything wrong with setting out resolutions. More often than not people seem to struggle to keep them or even remember them by mid- January. Goals are more proactive, its a determination to achieve something. [bctt tweet=”Stop making New Year Resolutions. Set Goals Instead. Read this article to find out why. ” username=”SheLeadsAfrica”] So, Motherland Mogul, how do you set our goals for the year? First things first… Write it down! There are a couple of ways you can do this, journaling or if you are more of a visual person you can create a vision board. If you write your goals down somewhere you can see them everyday it helps you stick to them, a constant reminder isn’t to make you feel bad but more to remind you what you are working towards. A vision board is not only fun to make but can enable you to see your goals as an actual reality making it much easier for you to stick to them. Think of the short term and long term Set out goals that you want to achieve by the end of the year, by a certain month/ date. This means you can work on consistent goals as well as focus on the short term. This means you are not only waiting for the end of the year to see results but throughout the year you will have bursts of success that will continue to motivate you to achieve your more long term goals. So what falls into each category? Short term goals could include taking an online course in a certain month, running a marathon, reading a set number of books per month. These goals require you to train/ learn/ work to achieve them within a certain time frame, so get to work!! Long term goals such as the 52-week saving challenge, launching your own business, changing jobs or even volunteering on a monthly basis. These are goals that require consistency and usually take longer to achieve. The rewards may take a long time to reap but just imagine how it will feel to finally achieve a goal you have been working long and hard on. Categorize your goals Not all goals are the same, sometimes you have to realize what part of your life you want to improve or change. Personal and professional goals are the obvious categories that we can turn to but do not forget other aspects of your life that can give you joy. You can set out goals to travel to a new country (or a few), to complete a crafts project, grow herb garden or practicing daily gratitude. This helps you focus on your creative side and develop healthy self-care habits. Put in the work Each goal you set out is going to require a lot of work and determination by your part. what is important in realizing your goals is identifying what you have to do to achieve them. Let’s take the marathon for example. You can’t wake up on a Saturday morning and just run the marathon, you need to train in order to run the race. This would require you going for more parks runs and working out to build the strength and endurance needed. So you set a mini-goal, for example following a training program that guides you over a period of time. These mini goals help you determine what you need to do on your part to achieve your goals and provide small successes on their own. Be realistic You don’t want to run yourself into the ground trying to achieve your goals. They are not meant to tear you down or make you feel worse about yourself. Focus on goals that help build a better version of you, whether professionally or personally. Don’t set out goals too ambitious or far fetched, but also do not forgot to throw caution to the wind. It is not time to sit back but rather to step up for yourself in the aspects that matter. If you really struggle to hold yourself accountable, why not find a goal buddy? This person will remind you of your goals throughout the year and check how long it is taking you to achieve them. They may also provide you with great advice and be a support system when things seem hard. Reap the rewards I do not know about you but sometimes I need an incentive to work on something. And considering there is no one to hand out badge saying “Well done”, it’s up to you to set out your rewards. So let’s say you have finally managed to start your open your own business, why not throw a small soiree to thank those who helped you achieve your goal or even just to launch your business. Again, such rewards make the achievement of a goal so worth it, so why not reward yourself for all the hard work you have put in. Got some advice that can help others succeed in 2019? Click here to share.
How to Achieve your 2019 year resolutions
Happy New Year Motherland Moguls. Let’s jump right into the year, shall we? More than half of all year resolutions fail, but this year, they don’t have to be yours. Many people find it difficult to maintain and accomplish their resolutions. Here is a list of things you can do to help make sure you accomplish the goals you set for the New year, create a plan on how to reach it, and become part of the small group of people that successfully achieve their goal. Believe in yourself Self-confidence is the first requisite to great undertakings.”- Samuel Johnson. Your values in life determine your beliefs, about yourself and the world around you. When you believe in yourself and chose to be a good person you will find yourself to be more positive and successful in life. Believing in yourself is the first step to success whether it means your life, your career, or simply your confidence, and in that lies your power. Say it again and again The more you say it, the more you believe it. The more you believe it, the truer it will become as you strengthen yourself and your confidence! The beginning of a new year is a good time to make a resolution to change your behavior in some way because you know millions of people are doing the same thing. So you get positive reinforcement when family members, friends, and coworkers talk about making and trying to stick with resolutions. You feel like you’re part of a worldwide self-improvement movement – and you are! Be Accountable People make better choices and perform at a higher level when they know they are being watched by others. The reasoning is simple when you are held accountable for your actions, you will work harder. Share your goals with people around you. It’s important to have another person ask you about your progress. When there is someone else other than yourself holding you accountable, you are more likely to get your tasks completed Track your progress What separates a person from achieving their goals and not achieving their goals is staying focused and being persistent in following through. There are many different ways to track your progress toward your goals. Look at the big picture Why do you wanna accomplish this certain thing? What is the purpose? Think about these things and answer these questions with the end result in mind. Take the time to reflect upon your goals and imagine what the big picture looks like. motivation. Plan and Organize Everyone has dreams and goals, but without planning and organizing what you need to do, you’ll get nowhere Celebrate Celebrating your wins not only feels great physically, but it reinforces the positive attitude and behavior you want to show up when you face a new challenge or opportunity. [bctt tweet=”Believing in yourself is the first step to success whether it means your life, your career – Makalela Kgotlelelo ” username=”SheLeadsAfrica”] Interested in contributing for She Leads Africa? Click here.
4 steps to starting the new year afresh
Happy New Year Motherland Moguls! The SLA team is cheering you as you SLAY into 2018. With the New Year comes a new start. A chance for you to leave the struggles and obstacles of the previous year behind and start afresh. I have drawn out a list of action-packed steps we can all take to make the best out of 2018! Step 1: Assess your situation My first piece of advice would be to assess the situation you are in at the end of 2017 or the beginning of 2018 before setting New Year resolutions. What went great? What didn’t go so well and what needed improvements? In doing so, you may realize exactly where you need improvements, or just how amazing you are at doing something. Either way, it will serve as the basis for improvement. Step 2: Shortlist the areas in which you would like to improve Once you have assessed the situation you can move on to your resolutions. Resolutions that are suited to you, instead of being generic ones. Throughout the process of setting these resolutions, remember that you do not have to set resolutions that begin on January 1st and end December 31st. See your resolutions as a way to better yourself, way beyond the limits of time. For instance, one of my resolutions is to gain more knowledge about cultures, economies, and politics. It is not a resolution I intend on giving up on as soon as the next year rolls by. Knowledge is continuous, just like every single one of our resolutions should be. [bctt tweet=”The internet and the technology available to us is vast, use it wisely and reap the benefits” username=”SheLeadsAfrica”] Step 3: Find out how you can better yourself Once you know where you would like to better yourself, brainstorm the ways in which you can kick-start your resolutions. My first step would be to consult books in all their forms. Visit bookstores, get audio books, magazines, online magazines (don’t forget your trusty SLA)… And then, there’s the internet. If you use the internet wisely, it can do a world of good. There is a YouTube tutorial on just about everything! Do you want to be more knowledgeable about table etiquette? Check out these tutorials. They will actually teach you everything from making a great first impression to the do’s and don’ts at a dinner table. If you want to get fit, popsugar fitness is the destination, you can start with that. Another resource would be smartphone apps. Many of them are free and work effectively. Are you looking to impress someone with your cooking skills…or just survive by feeding yourself? Watch what happens when you type ‘cooking books recipes free’ in your play store (team Android, what’s good?). The internet and the technology available to us is vast, use it wisely and reap the benefits. [bctt tweet=” Do not aim for perfection, but rather experiences in every step you take” username=”SheLeadsAfrica”] Step 4: Take the first step! So one thing we’re often afraid to do is take the first step. I try to remember that the first step is often the scariest and therefore the hardest, but once you’ve made that first move, the world is your oyster. For instance, I took my first solo travel for work in 2016. Believe it or not, I had never been anywhere alone, with no one I knew. I was scared out of my mind when my mother dropped me off at O.R Tambo International airport. I literally wondered how I was going to get from one place to the next in Bamako Mali, all on my own. But remember this: you have the capacity to do anything your heart desires and it is not the fear that lies within that has the ability to negate those capacities. [bctt tweet=”You have the capacity to do anything your heart desires” username=”SheLeadsAfrica”] And an old age adage that will forever remain true, is that “if at first, you don’t succeed, try try again”. Do not aim for perfection, but rather experiences in every step you take. I really hope these steps will help you and contribute to an amazing 2018 for each and every one of you! And If you have made it this far and have enjoyed the read, until next time! Have a fabulous New Year!
How to maintain your figure 8 this holiday season
It’s the end of the year again. Christmas parties, end of year get-togethers, Thanksgiving feasts and lots more. My dear Motherland Mogul, if you are not very careful, while your bank account might get leaner from all the spending, I’m afraid it might be quite the opposite for your beloved figure. Therefore, being the good friend that I am, I have put together in this post, 5 steps to avoid unwanted weight gain and keep your energy levels up this joyful season. Have a plan Yes! Be deliberate about not adding any extra kilos. As with every other aspect of life, planning sets you up for success. So write down (please be realistic) what weight/size you want to attain/maintain at the end of the year and how you hope to achieve it. Let water be your close pal Drinks lots of water before and during parties. This will help control your appetite. If you can, drink a mouthful of water before eating or drinking anything else. The best way to buffet When on a buffet line, choose a small plate, walk through the line, taking in everything that’s on offer and decide what you want to eat. Then go back in line and take exactly what you decided. Walking through the line will prevent you from eventually filing your plate with everything that’s on offer because you didn’t know it was there until you got to it. Be the party queen Dance your heart out! Dancing is a perfect way of burning those pesky calories that keep shrinking your clothes (yes, I know it’s their fault, not yours) plus you’d really be having fun. Just don’t overdo it if it’s an official event. Don’t stop exercising It’s very tempting to stop your exercise routine in view of all the fun ahead but babe, you’re gonna regret it! (And this is to all of you that are planning to abscond from My Figure 8 fitness club and others this holiday season) Nuff said.
4 Steps to SLAYING into the new year like a boss
Walking through the stairs of 365 days without missing steps, go beyond making new year resolutions. Taking each day as a step on the stairs of this new phase (2018), we would realize that as days crawl into weeks and weeks run into months in the course of the year, the will to thrive beyond all odds may begin to dwindle. As a result of this, hopes will definitely fall whenever we miss our steps in the course of this journey. To this end, it is important for us to note that It’s not enough to make new year resolutions. It’s more paramount for us to become them. Yes! Become those resolutions! Consequentially, this connotes that each day counts! In other words, those tiny seconds, little minutes and few hours in each day matters a lot. In order not to get the same result at the end of this new year, we must change our approach to life in general. It’s high time we realized that: Change isn’t just a theoretical phenomenon Change isn’t a part of life Change is life itself So, it’s either we live it or it leaves us behind. Start Now! Start Right Sometimes, we never discover the beginning until the end. This is why many are left stuck in heaps of regrets towards the end of the year. But hey, this is another phase, another beginning to determine the end. There’s no better time to execute those beautiful plans in your head than now. “A good plan vigorously executed right now is far better than a perfect plan executed next week”.- General George Patton Start Right It’s never wrong to start right, but the big question is- HOW DO WE START RIGHT? The first step to starting right begins with the mind. Most times, life may leave our minds clogged up with so many negatives that we tend to close our hearts to the opportunities that come knocking. Goals and dreams seem to be far fetched, especially when one is surrounded by people who are ready to give 101 reasons to be content with failure. Here, it is required that you go not just steps away, but miles far from these negativities. No wonder Gandhi said- “I will not let anyone walk through my mind with their dirty feets”. Bill Newman also asserted that “minds certainly are like parachutes, they only function when they are open”. Indeed, an open mind is most sensitive to even the faintest footprint of opportunities, rather than lingering within the confine of self-pity. Live Ready! How ready are we, for the opportunities we crave for? The truth is, opportunities are right there on each step of the stairs. As we build on our abilities, we lay a stronger foundation for our capabilities. Learn something new each day! “In a time of drastic change, it is the learners who inherit the future. The learned usually find themselves equipped to live in a world that no longer exist”. -Eric Hoffer “The illiterates of the 21st century will not be those who cannot read and write but those who cannot learn, unlearn and relearn.”-Alvin Toffler Carry people along Imagine a life where you have the whole world to yourself, just you with nobody else. No one to share the wealth with, or the joy, peace, and love – if there will even be any… As we go through the steps on these stairs of 2018, let’s remember that we all need each other, regardless of the ‘buts’. Therefore, we need not get too serious with life that we forget to put a smile on a face each day in this new phase. We need not push ourselves off the stairs, for everyone has a pace, a lane and a destination which is the beauty of life. [bctt tweet=”It’s not how high you climb, but how many people you are prepared to take with you” username=”SheLeadsAfrica”] As you go through this stairs, remember, taking the wrong steps will never get you the right result. Just Live the change you desire! Start now! Start right! Live ready! You may not have silver to deliver, but you sure do have love and care to share. Cheers! To this new dawn If you’d like to share your story with She Leads Africa, let us know more about you and your story here.
10 ways to end a business year
In the course of the year, entrepreneurs can get consumed with loads of activities that it becomes difficult to keep track of all that’s happening. The end of the year is the time when most business activities wind down, therefore, it’s a good time to pause, take stock, plan and take a position for the year ahead. Here are 10 things to do to make that happen: 1. Review your financial statements (balance sheet, cash flow, income statement) and prepare tax returns. You need to know: If your business is profitable How profitable your business is Where all the money that passed through your business in the year was spent How much the business owns How much the business owes Exemptions you can get on taxes 2. Review business expenses. Its important business expenses are directly linked to the bottom line of the business. 3. Compare financials from the year before to that of the current year. Pay attention to any rise or drop in figures, investigate reasons for them. 4. If you have made a very good profit for the year, this would be a good time to consider buying or replacing any equipment that will directly result in increased revenue. 5. Reconcile your goals for the year with your achievements; take note of goals you could not achieve. Also, be careful not to discard these goals instead try to find out why you were unable to, and devise new ways to go about achieving them. 6. List and celebrate major accomplishments, you can share with your staff, this should motivate them and make them emotionally invested in your business. 7. Reward your employees and customers, it does not have to be much, could be in form of bonuses, gifts, personal notes… Also get in touch with your vendors/suppliers and inform them of any change in the business that might affect them. 8. Pay attention to your numbers; identify your metrics, this varies from business to business – website analytics, the source of customers, customer growth rate, customer return rate/retention, subscriber list, downloads, number of monthly orders e.t.c. Identify patterns of growth in such areas, trace down these patterns to identify much bigger opportunities and devise ways to multiply effects of these patterns. 9. Review your systems, operations, and processes. This is a good time to review and update (if required) contracts, license agreements, and technology, Identify your strengths and work on your weaknesses. 10. Create a vision for the coming year, based on this vision, set goals, write down your action plan and ways you intend to implement these plans. Hope these tips help you end the year with sufficient knowledge of your business even as you prepare and position yourself for growth and opportunities in the coming year. How are you wrapping up the business year? Share your ideas with us here.
Effective Goal-Setting: Keeping Your new year Resolutions All Year Round
Each year in January, entrepreneurs, and moguls around the world make new year resolutions to help them reach their business goals. Common resolutions include personal and professional goals like starting a business, building financial capacity, and even improving health and wellness. As an entrepreneur, your first responsibility is to plan ahead. Not just for your personal agenda, but for the growth of your company. Your second responsibility is to avoid being a part of the status quo. A recent study by the University of Scranton suggests that only 8% of people actually achieve their goals. To avoid being part of the 92%, here are four tips to help you achieve your goals in 2018. Create an accountability system Research shows that when it comes to health and wellness goals, having a partner could mean the difference between success and failure. The primary reason for this is that having a partner creates a built-in accountability and motivational system. The same is true for your business goals. Practical accountability systems may include creating visual reminders of your goals, scheduling check-ups on your progress throughout the year, and designating key team members that are responsible for monitoring your goals. Being intentional about holding yourself and your team members accountable using these tools will ensure that your resolutions will not be an afterthought by the middle of the year. [bctt tweet=”Be S.M.A.R.T. – Specific, Measurable, Attainable, Realistic, and Timely.” username=”SheLeadsAfrica”] Be S.M.A.R.T I often encourage entrepreneurs to use the S.M.A.R.T. method when setting professional goals. S.M.A.R.T. stands for Specific, Measurable, Attainable, Realistic, and Timely. Specific goals break down your general goals into manageable bite-size pieces. A great example of this might be to increase your annual revenue. “Increase revenue in 2018” is a decent general goal. An even better goal is to “increase revenue in 2018 by identifying profit leaks, and creating monthly marketing campaigns in order to obtain new clients.” Even that specific goal can be further developed as you think about other factors that will affect the outcome. By ensuring that your goals are S.M.A.R.T., you set yourself up to experience the thrill of achievement that will become motivation for future success. Be Flexible Life happens, which means that despite your best efforts, some things will still go awry. Part of good goal planning is recognizing that and planning accordingly. Having flexibility in your approach and expectations relieves everyone involved of the pressure that comes with perfectionism. By recognizing that things may not always go as planned, you open the door for creativity to flow, and for discussion about alternative approaches to the goal. [bctt tweet=”Achieving your goals is as much a matter of timing, as it is a matter of consistency.- @Andrena_Sawyer” username=”SheLeadsAfrica”] Create Rewards Rewards are good for morale, which is good for productivity. As you set your business goals, a rewards system is as important as any other piece of the process. Whether big or small, rewards that highlight performance, collaboration and other values that are important to you and any team members could be the extra motivation for your overall success. If you find that, in years past, you have been among the 92% of people that don’t achieve their goals, there’s no better time to change that pattern than now. Achieving your goals is as much a matter of timing, as it is a matter of consistency. No matter where you are in the process, continue to forge ahead using these tips for success in 2018, and in the years to come.