Sound familiar? Probably not. Most people don’t start putting together resolutions for the new year until January 1st, or mid-December at best. TIME magazine wrote last December that 80% of resolutions fail, and I can summarize my explanation why in one word: preparation.
To make a major change in your life, business, or lending institution, you can’t just flip a switch. That’s why now is the perfect time to start working on your New Year’s Resolution.
Have a habit you’re trying to kick? I’m a habitual knuckle-cracker, and set out many years to stop. But simply saying I would never crack another knuckle starting January 1st didn’t work—it wasn’t until I took the time to research different habit-breaking techniques to prepare myself that I actually managed to stop. If you see me wearing a rubber band, now you’ll know why.
The same research and planning can help in the business world. Looking to increase lending volume in 2017? Don’t wait until December or January to build an execution strategy. You’ll need to raise capital, develop a marketing plan, and figure out how to keep workflow moving with a larger pipeline (and that’s where High Impact can help—see our underwriting services webpage for more).
At High Impact, we have a few big resolutions for 2017, and we’re starting to lay the groundwork for them now. We plan to launch a professional development series for our clients and the wider lending community, to broaden our expertise through talent acquisition, and to pursue new lines of business to further our mission. For more details, keep an eye on this blog to track what we’re up to.
Without proper preparation and a well thought-out plan of attack, it’s easy to get frustrated with personal goals or stumble out of the gate on business goals. The beginning of a new year is a great time to sit back and evaluate where you are and where you want to go, but if you want to achieve big things in 2017, now is the time to start.