“Be thankful for what you have; you'll end up having more. If you concentrate on what you don't have, you will never, ever have enough.” – Oprah Winfrey.
A Year-End Guide for Business Leaders
As the year draws to a close, business leaders find themselves at a pivotal moment for reflection and assessment. It's time to take stock of the journey by acknowledging the triumphs as well as the challenges overcome. This work sets the stage for continued success in the coming year. The process is not just about metrics and profits; it's about gratitude, celebration, and personal growth. Here's a guide for business leaders and executives to navigate a personal year-end review.
1. Express Gratitude
Gratitude is a powerful catalyst for positive change. Take a moment to appreciate the collective efforts of your team, the resilience of your organization, and the opportunities that have come your way. Acknowledge the people who supported you over the last year – in both your personal and professional life.
Cultivating a sense of gratitude is linked to several mental and physical benefits. Research indicates that feelings of thankfulness can positively impact sleep, mood, and immune function. Moreover, practicing gratitude has been found to reduce levels of depression, anxiety, challenges associated with chronic pain, and the risk of developing certain diseases.
2. Celebrate Wins
Success often comes in increments, and acknowledging these wins is essential. Celebrate achievements, whether they are significant milestones or minor victories. These acknowledgments boost team morale and provide a sense of accomplishment that fuels the drive for future endeavors. Consider hosting a virtual celebration or recognizing outstanding contributions during team meetings.
I tried several new things this year: Speaking in a 300-person Virtual Change Conference, writing an essay for a book with a colleague, and hosting nine (9) Executive Intimate Roundtables with leaders I was meeting for the first time in each roundtable. - Lori
Don’t forget to celebrate personal wins! Recognizing and valuing our small victories strengthens our confidence in ourselves and our capabilities. When we acknowledge our strengths and talents, we foster a sense of pride in our accomplishments. Additionally, acknowledging wins cultivates resilience and optimism, demonstrating that we have the capacity to surmount challenges and attain our objectives.
3. Assess Challenges Overcome
Challenges are an inherent part of leadership. Reflect on the obstacles you faced throughout the year and the strategies you employed to overcome them. Understanding how you and your team navigated adversity can provide valuable insights into resilience, adaptability, and problem-solving capabilities. Document these experiences to inform future decision-making processes.
If you had personal challenges in the last year, such as a sick family member, take a moment to acknowledge how it impacted you but also how it made you stronger.
4. Review Goals
Revisit the business and personal goals you set at the beginning of the year. Evaluate the progress made toward each objective, celebrating the milestones achieved and identifying areas that may need additional attention. A comprehensive review of goals helps in understanding what worked well, what needs improvement, and how to align future objectives with the overall mission and vision of the organization and what you want to accomplish in your personal life.
5. Learn from Setbacks
Not every goal is achieved without setbacks, but if we embrace the setbacks as learning opportunities and analyze what went wrong, we can extract lessons and use this knowledge to refine strategies moving forward. A growth mindset that sees setbacks as stepping stones to success can foster a resilient and forward-thinking organizational culture.
In our personal lives, setbacks can make us pause and take stock, take new paths, meet new people, learn new skills, and try new things that we might not otherwise have done. Setbacks can also help to build personal qualities such as empathy, resilience, and coping skills.
My setback this year was a bike accident that resulted in a hip fracture in December 2022. James and I had to cancel our holiday plans, and I embarked on a serious journey of healing and physical therapy. I am so grateful for the wonders of good medical care and physical therapy. I learned humility through this experience. - Lori
6. Embrace Personal Growth
Embracing personal growth means stepping out of comfort zones, facing challenges head-on, and learning from successes and setbacks. It's a process that unfolds over time, guided by self-reflection, resilience, and a commitment to becoming the best version of oneself. Through this journey, leaders enhance their capabilities and cultivate a heightened sense of self-awareness, adaptability, and a positive outlook on life. Personal growth is also essential in today's rapidly changing business landscape, which requires the ability to adapt and foster innovation.
I took on a project that not only required me to be the Principal consultant but also required me to assemble a team of consultants to complete the project - James
7. Plan for the Future
With a clear understanding of the past year, you’re ready to turn your attention to the future. Set realistic and ambitious personal goals for the coming year, aligning them with the person you want to be. Set professional goals based on evolving industry trends and personal ambitions. Develop a plan that outlines the steps needed to achieve these goals, incorporating the lessons learned and insights gained throughout the assessment process.
As business leaders embark on this year-end reflection, the goal is not only to assess performance but to cultivate a culture of gratitude, celebrate achievements, and chart a course for a successful future. By learning from the past, planning for the future, and fostering a dynamic and innovative environment, leaders can position themselves and their teams for sustained growth and success in the years to come.
Happy Holidays from The Heffelfinger Company
As the holiday season envelops us with warmth and cheer, we take a moment to express our sincere gratitude to our clients.
In the spirit of the season, let's reflect on your successes and cherish the moments that have defined your journey. Your commitment and resilience have been the driving force behind your accomplishments, and we are thankful to have been a part of it.
As we approach the dawn of a new year, let's carry forward the lessons learned, the memories shared, and the spirit of collaboration that has contributed to your successes. May the coming year bring fresh opportunities, exciting challenges, and continued growth for you and your organizations.
Happy holidays to you and your loved ones! May this festive season be filled with joy, laughter, and moments of pure happiness.
We wish you all a wonderful holiday season and a prosperous New Year!
Lori and James
Lori Heffelfinger & James Jackman
Can expressing gratitude improve your mental and physical health? https://www.mayoclinichealthsystem.org/hometown-health/speaking-of-health/can-expressing-gratitude-improve-health#:~:text=Expressing%20gratitude%20is%20associated%20with,pain%20and%20risk%20of%20disease. Accessed 11/22/2023.