?? New Year, New View: 3 ways you can make a fresh start in 2024!
January presents an opportunity that no other month can match. The holiday break is over and so is the time designated to reminiscing about the past. Everyone is back at work and hope is in the air—that we’ll lose weight for real this time and take on a new hobby or learn a new skill. This same hopeful sense can be applied to your business.
Here are a few ideas for adopting a fresh view and getting those around you to be excited about the possibilities ahead:
1. Change the view.
Visualization guides many athletes toward greatness, such as marathoners who envision each mile the night before a big race. The same exercise could get you going on a large project or transaction that seems overwhelming.
Narrow down the many steps involved to only those that involve your role, or your team. A one-page spreadsheet, for example, could list out the steps, their due dates, and their dependencies—all the while simplifying your viewpoint and making the project seem less insurmountable, and more doable.
Feeling stuck? Try picturing yourself going through the steps and the sense of accomplishment you will feel when they are complete.
2. Focus on the positive.
We’ve all been living under a persistent cloud of uncertainty, with:
1. High interest rates are affecting some companies’ eagerness to invest or make strategic changes.
2. Rising geopolitical tensions are impacting the global economy.
3. Advancements in Artificial Intelligence are putting the security of some jobs into question.
Risks to business growth can’t be ignored, but giving them all our attention can distract us from potential opportunities.
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Consider:
What opportunities could your organization be overlooking?
3. Bring in fresh, expert voices.
Nearly three years after the start of the Great Resignation, more employees are staying put. The quits rate (the number of monthly resignations as a percentage of employment) held steady in the fall. It was at 2.3%* as of October compared to its 3% high in mid-2022, according to the U.S. Labor Department.
While lower attrition is a good development for companies wanting to hold onto their top talent, less turnover leads to stagnation: fewer promotions can mean less movement within organizations and rising complacency among employees.
Companies in this situation can benefit from the expertise of consultants armed with best practices and fresh perspectives. They can introduce new skills to the team and process improvements that can open up new, more rewarding responsibilities.
If creativity has waned at your company, how can you encourage new ideas this year?
Ready for a fresh start this year? Reach out to RoseRyan for more inspiration from our Finance and Accounting experts.
*Quits levels and rates by industry and region, seasonally adjusted