It's February... Have you Broken your New Year's Resolutions yet??
Alan Goldberg
Franchise Specialist| Helps Entrepreneurially-Minded Professionals Achieve Financial Indep via Franchising | Expert on Multi-Unit Devt as Growth Strategy | Focus on Health & Wellness | Speaker on Today's New Entrepreneur
The start of a new year serves as an opportunity for many to set new goals and commit to better habits. But what happens when the energy and excitement of seeing the ball drop in Times Square wears off, how many New Year’s resolutions fail to come to fruition??
Three-in-ten Americans report making at least one resolution this year, with half of this group making more than one, according to a new Pew Research Center survey. Nearly a month into the new year, the survey also finds that most people who made resolutions have stuck with them, although 13% say they have not kept any of them.
Here are some key facts about the Americans who make New Year’s resolutions and why they make them, based on the survey of adults conducted Jan. 16-21, 2024.
Young adults are most likely to make New Year’s resolutions
Overall, 79% say their resolutions concern health. Smaller but still sizable shares made resolutions about money or finances (61%), personal relationships (57%), hobbies or personal interests (55%), or work and career (49%).
Younger Americans are more likely than older Americans to make resolutions about each of these topics, apart from health. This is especially the case for work and career: 65% of those under age 30 who made resolutions say they made one related to their work or career. This is by far the largest share of any age group.
Top New Year’s Resolutions For Small Business Owners In 2024
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Changing behavior is tough to do.?? Changing one's life always sounds good... Unfortunately, changing one's behavior is not so easy.?New Year's resolutions are notoriously difficult to keep. Most holiday revelers break their resolutions by July 1st. Don't despair, though. If?you want to change your behavior, and actually make a resolution to do so,?you are 10 times more likely to succeed than those who?don't make a resolution to make it happen!
Do you have the resolve to own and run a business? Over the years, we've helped scores of people embark on their entrepreneurial journey. In the early days, we worked with... well,?just about anyone who was interested in following their dream. Partly, because we wanted to help as many new entrepreneurs, as possible. Partly, because we weren't experienced enough to discern between those well suited for business ownership and those that weren't!?Over time, though, it became clear. There was a consistent pattern of attitude and behavior among those with the entrepreneurial spirit possessing the wherewithal to launch a business, execute a business plan and ultimately become successful.
Entrepreneurs are a special breed. They are similar to generals in battle. They have courage, drive and commitment to stay the course and win. Like great leaders, you must be passionate about your business, have vision to see the possibilities, and flexibility to know when to pivot.?These are the true soldiers.?Others talk the talk. But, can never make it out of the gate.
Defying conventional wisdom. Of interest, simply starting a business breaks the rules. There are only about 13 percent of Americans engaged in entrepreneurship. Doing what the majority isn't doing is the nature of entrepreneurship. Drive, commitment and tenacity separate the winners from the rest of the pack.
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It is best to seek a balance between not only what you love and are good at, but what the world truly needs, and you can also be paid for. This framework might help you find the way when considering different paths. While franchising isn’t right for everyone. For those that dream of freedom financial and independence, it could be a vehicle and strategy for achieving success.
Reach out if you would like to explore franchise brands and emerging opportunities in the health & wellness arena. You can email me at?[email protected].
Best wishes for continued success in the New Year.