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The new year is a new start, in the eyes of many, and an opportunity to make positive changes in one’s life. Generally, coming up with a list of New Year’s resolutions is simple, but sticking to those aims can be difficult. This is true for both personal and professional endeavors. Working with small business owners and remote businesses in Saskatchewan, Sagehill Community Futures. Office Coordinator Jenny Glessman said having goals is important, and those goals may be clear, attainable and specific. ” This is one we hear all the time: ‘ I want to increase my enterprise.’ it’s vague”, Glessman said. Grow my business to you may think one thing, but to someone else, it means something different. If you said,” I want to grow my business by 20 % this year, you have something you can measure now,” Glessman stressed the value of maintaining a log of your accomplishments and setting deadlines. Many people set their targets, and they put them on a table and forget about them. They’re it so that you can monitor them and determine whether you’re getting where you need to go.
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Marvin Ryder, associate professor of marketing and innovation at the DeGroote School of Business, said he wishes more people would make New Year’s resolutions centered on their personal income. His major suggestions are to reduce debt and maximize savings. He said,” The government allows you to put$ 7, 000 into your tax-free savings account ( TFSA ), and it can grow there to any number it wants without paying any taxes,” he said. ” Now again,$ 7, 000 might not seem like much, but if you do that for ten years there’s$ 70, 000 in principal plus whatever you gained from what you invested in” .He also encourages people to be mindful of their spending patterns. ” Now with your cellphone, we tend to do electrical purchases”, he said. ” That allows us to do a lot more spending without thinking” .Similar to Glessman, Ryder said New Year’s resolutions fail when the goals are not specific. He advises keeping track of your financial targets. &, copy 2025 Global News, a section of Corus Entertainment Inc.