5 pieces of advice for entrepreneurs in the New Year

As 2018 approaches, it’s time to reflect on what 2017 held for your startup. Whether your company welcomed dozens of new clients or saw a dip in revenue, here’s what you can do to conquer the new year:

 

1. Become a stronger leader.

 

A problem many entrepreneurs have is that they don’t understand how to be an effective leader. Regardless of whether it’s a lack of confidence or confusion about how to lead, the new year is the best time to set aside your doubts and motivate yourself to step out of your comfort zone.

 

Good leaders are humble, yet productive. They’re passionate about the work that they do, yet they are emotionally aware. They take help from mentors, yet they’re comfortable with who they are. Here are some ways you can improve your leadership skills.

 

2. Meet more people.

 

There are numerous networking opportunities each month within the tech and innovation community, especially in Baltimore. Be active on social media so you can hear about upcoming events, and make sure you follow through with your RSVP!

 

Walking into a room full of people you don’t know can be intimidating, but that’s how you’re going to spread the news about your startup. More likely than not, you’ll make a connection with someone whose guidance, or insight into a particular subject, will prove useful for your company’s progress in the future.

 

3. Improve your health.

 

We’ve all heard the saying that health is wealth. As an entrepreneur, you can’t risk getting sick too often: if you’re taking sick days every few weeks, 2018 will definitely be a slow year for your company.

 

When you’re stressed out, go for a light jog or a bike ride in the park instead of turning on Netflix and working your way through a bag of chips. Eating well and exercising multiple times in the week is proven to increase productivity and overall happiness. It’ll also increase your energy tremendously, and help you sleep better at night.

 

4. Keep up with the news.

 

Staying up-to-date with what’s going on in the world is a necessity for entrepreneurs. You need to be aware of your surroundings to make intelligent decisions for your business.

 

Plus, keeping up with the news is a great way to grow your network. If you hear about an event through social media and engage in a conversation online, who knows — the connection you make might be worth following up with.

 

5. Manage your time better.

 

Don’t wait until you’re drowning under the weight of things that need to get done to create a list of priorities. Spend time on getting through tasks that only you can complete: allocate the rest of your to-do list to your employees.

 

Once you create a plan, stick to it — but also know that you can be flexible. If you’ve attended three networking events in the past two months and on the night of the fourth, you find out that your friend is available for dinner, go out with your friend. You’ll be happier at work, and arguably more productive, when you’re taking care of yourself and taking time out to destress.