New Year’s Day is the day to make New Year’s Resolutions and a start fresh!
It is a reset button for every Contractor business on January 1st of every year!
The previous tax year ends on December 31st.
Final expenses for December will be coming in by email or US Mail.
What to focus on to make the New Year more prosperous than ever...
What is New?
- What is The Plan?
- What is Next Target?
- Did you meet Last Years Goals?
- What is Different From Last Year?
- Is there anything you Plan On Changing?
Did You Take The Polar Challenge?
- “Polar Challenge” has a whole new meaning when someone says “Go Jump In The Lake.”
- Many look at the Polar Challenge as a way to cleanse the body and have a fresh start to the New Year.
- Others yet just want to do something fun and wacky with their friends.
New Year’s Resolutions I have ever seen have been was all about doing More of This and Less of That
- To Have More Things or To Reduce The Stuff You Already Have
- A To Do List and A I’m Going To Stop Doing That
- Plan to lose weight – Eat Less, Exercise More
- Go On Vacation or Have A Stay Vacation
- Make More Money – Cut Expenses
- Buy Something or Sell Something
- Dream of Winning The Lottery
- Plan Something Special
- Enjoy Your Day
- Enjoy Life
New Year’s Resolutions - Did You Make A List?
Keep It Simple. When making your New Year’s resolutions write them down. Even in the most general terms with a few details. Start with a few notes , outline or a brief memo. Resolutions should not be so detailed and complex that it becomes a chore you before you even get started. If you make it a Chore, then it will never get done. A project with too much detail becomes tedious, makes you frustrated, irritated and never gets done.
Maybe the New Year’s Resolution is the following: Be, Do, Have.
- Be Kind
- Do The Work
- Have Peace of Mind
Choose your own goals on what and how much details your New Year’s Resolutions should be.
If you want to write a full-blown “Business Plan” for your Contracting Company; put it on the list. For a very detailed oriented person; writing a business plan will easily become a complex report with graphs and charts.
For others, it is a big step to create New Year’s Resolution of more than three things. New Year’s Resolutions do not have to be big, long, or complex.
Your mind will think about your goals, fill in the blanks, guide you on the next thing to do.
- Answer the call
- Being available to [fill in the blank]
- Committing the time needed
- Doing the job or task
- Effortless seeing the next step
- Finding the solution to long and short term problems
- Going Forward and choosing the best option and not second guess it.
- Happy to be alive
I chat with Contractors every day. You tell me your stories. About your challenges in running a business, keeping up with the bookwork (accounting and bookkeeping). About estimating and bidding jobs, doing the work and collections from clients. Having or not having employees. Paying their taxes.
To help you – I have written your New Years Resolution for you:
Sharie’s New Year’s Resolutions For Contractors
- I want Gross Sales of [you fill in the blank] for the year
- I want a newer Truck and Equipment for my business
- I want to have nicer customers and to be nicer to those who are not nice to me
- I want to have this much money [you fill in the blank] to spend on a Family Vacation
- I want my spouse to work at an Outside Job only if she wants to [not because she has to]
- I want my family to be healthy and happy throughout the year
- I want Peace of Mind and to have Less Stress In My Life
- I want The Gift of More Time
- Time To Do The Things In My Life That I Want To Do
- Time To Be With The People To Whom I Want To Do Those Things
- Time To Do Nothing At All but Think and Enjoy the Peace and Quiet That Surrounds Me
Resolutions Are Personal - Do you post them somewhere or put them away?
For most of us, starting small and being successful is more positive than “Huge Ironclad Goals” that become a Daily Chore that deep down you know is unreachable.
Make Doing and Thinking about your Resolutions a moment of happiness. Your Life constantly changes. Sometimes it is a Walk, Sprint, A Quick Jog and for some, every day is A Marathon.
Life Happens. If you can separate out the Goals from The Wish List (Win The Lottery) then it is much easier to be happy. Yes, Buy a Lottery Ticket – You might win. The object is that you do not become obsessed with Winning The Lottery that you Must Buy a Lottery Ticket to every game every week.
Keep It Simple. Think Sports; Bask in Success of Win. Think about the Loss; then move on to Next.
- There is never a shortage of Next.
- Then Continue, Repeat.
- Shampoo sales increased when Marketing added “Repeat” to the bottle.
- Don’t spend a ton of time on What Did Not Happen and getting depressed.
- Your time is the most valuable commodity that you have.
- Think, Make a Decision, Move On.
Sometimes what didn’t happen is a good thing. Several “Oldies But Goodies” Country Songs come to mind. (About Yes, No, Staying or Moving On – key word is movement)
What can you Repeat to make 2017 a better year for you in Your Business Life and Your Personal Life?
Remember Bigger is not necessarily Better.
Enjoy your day.
Everyday.
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About The Author:
Sharie DeHart, QPA is the co-founder of Business Consulting And Accounting in Lynnwood Washington. She is the leading expert in managing outsourced construction bookkeeping and accounting services companies and cash management accounting for small construction companies across the USA. She encourages Contractors and Construction Company Owners to stay current on their tax obligations and offers insights on how to manage the remaining cash flow to operate and grow their construction company sales and profits so they can put more money in the bank. http://www.fasteasyaccounting.com/sharie-dehart/ 206-361-3950 or sharie@fasteasyaccounting.com
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