Yolofsky Law - January 2019

THE HERO I N S I DE R 3 BUSINESS INITIATIVES To Propel You Toward Your Best Year Ever

www. yol of sky l aw. com (305) 702-8250 JANUARY 2019

FROM THE

Yolofsky Office

In 2019, we will make more people heroes to their family, their business, or both! This is an all-year task, not just one for January. The difference between making resolutions and achieving them is commitment. Did you write down your goals? Who holds you accountable — family or co-workers? Are you just dreaming? Our 2019 goals are ambitious. Achieving them means we’ve helped dozens of families in our community. We keep each other accountable for our personal, team, and firm goals. The more we improve, the better we are able to serve our clients. We will hit the finish line at the same pace, if not faster, than when we started. Making a daily 1% move toward goal achievement means that you could actually hit a goal 3 times in a year! We want to help you to hit and surpass your goals in 2019. Let’s make it a project together. C’mon, it will be fun!

It’s the time of year when business owners and their leadership teams sit down to draft up their plans and goals for the coming year. Some businesses use this exercise as a chance to nail down their trajectory, while others engage in the process simply because they feel they have to. If you fall in the latter camp, you could stand to devote a little more time and energy to determine how the coming year will look. After all, it’s hard to guide your teams forward when you don’t have a destination in mind. As a business owner, it’s up to you to set the tone for how the next 12 months will look for your organization. While every company’s goals will be unique, there are a few universal aims that will affect nearly every business in 2019. With that in mind, let’s take a look at three New Year’s resolutions that you should consider adopting. According to benefits-consulting company Hodges-Mace, millennial employee turnover costs the American economy upward of $30 billion per year. The number is so big because recruiting, hiring, and training new team members is an expensive and time- intensive process. Holding onto your talent matters regardless of the economic climate, but it’s especially crucial when the job market is strong. When good people walk out your doors during a talent shortage, you’ll struggle to replace them with candidates of equal caliber. Don’t assume that your staff’s eyes will never wander. According to Fortune magazine, 86 percent of currently employed workers are actively looking for better opportunities. To help keep valued staff in place, you need to provide them with competitive pay, RESOLVE TO RETAIN EMPLOYEES

–Yolofsky Law

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