The New Year’s Resolutions 14 CEOs Are Making for 2020
From drinking too much coffee to sleeping with their phones, CEOs struggle with a lot of the same things that the rest of us do. Here’s how they plan to change things in the new year.
“I’m learning Spanish”
Courtesy Trintech, Shutterstock
Spanish is the fourth most commonly spoken language in the world, and anyone who does business internationally would benefit from learning it. That’s why Darren Heffernan, President at Trintech, has decided that 2020 is the year he’s going to learn Spanish. “In addition to its usefulness in my global company, my family and I holiday in Mexico frequently and it always bothers me that I don’t know the language,” he says. “I think it’s important to be able to communicate with people in their own language so you can share just how much you appreciate them.” It also has personal benefits: Learning a new language makes your brain grow, according to a study published in NeuroImage. You can start with these 9 Spanish phrases everyone should know.
“I’m going to drink less”
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DRYanuary, or Dry January, is an annual tradition for many people as they recover from the bacchanalian holiday season. This year, Sharelle Klaus, founder and CEO of DRY, will be among those participating. “I’m resolving to be a more mindful drinker and begin to drink less alcohol overall,” she says. “Specifically, I will be participating in Dry January and will also be doing a 90-day abstinence in the spring. In addition, I am resolved to learn more about the effects of alcohol on my physical and mental health by reading and meeting with experts.” She may be onto something: People who successfully completed Dry January improved their sleep, saved more money, and lost weight, according to research done by the University of Sussex.
“I’m going to give back to my community”
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One of the most powerful gifts from success is the ability to go back and help others you weren’t able to help before. Abid Abedi, CEO and founder of iCode, was born in Hyderabad, India, and now that his company has taken off, that’s exactly what he plans to do. “Specifically, I’m going to choose 100 individuals from my hometown and fund their start-up businesses as well as set up a microfinancing infrastructure,” he explains. “I have seen incredible talent there, and I think with little capital and mentorship, I can help uplift my entire community.” Another inspiring example of giving back to the community is this 17-year-old who has helped feed thousands of homeless people.
“I’m putting health over wealth”
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Over the past 18 months, Michael Tessler, CEO of Multihouse Entertainment, has lost 160 pounds. This huge achievement changed his life and made him rethink his priorities for himself and his employees. “This year, I resolve that health must always take priority over wealth,” he says. “I’m going to encourage and support myself and my team by providing tangible resources for promoting good physical and mental health in our office. For instance, I am implementing a system to streamline workloads, offering more time off, and scheduling healthy team activities like hikes.” If you’re interested in a health transformation of your own, this is the secret for actually keeping your New Year’s resolutions, according to science.
“I’m going to stop micromanaging my employees”
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CEOs don’t get to the top by being hands-off shrinking violets. In fact, they’re often known for their intense management styles. Yet managing employees too much can have terrible consequences, both in morale and the bottom line. Plus, research shows that bosses who are control freaks burn out much faster—something that Justin Comparetto, CEO and President of Just Ryt Foods, would like to avoid. “This year, I am going to focus on letting go of the reins and stop micromanaging,” he says. “I want to set up better standard operating procedures that will allow my employees to focus on perfecting their tasks and becoming more efficient at them without me interfering. Letting go will allow them to excel in their role, reduce mistakes, and give everyone more peace of mind.” Looking to change jobs? You might want to check out these 18 companies with the best bosses in America.