Saturday, January 04, 2014

New Year Resolution 2014


In 2013, I have done very well running the business, hitting sales target, managing 4 big projects, but still no cash cow/production line.
Financially, literally broke after buying a house and a car. 
Healthwise, fail miserably, need to focus on them this year.

In 2014....

Business
1. Get 5k new business a month - from new customers
2. Sales Target 1.26million by Feb 2015
3. Free up more time to do marketing - meet a new customer once a week (52 new prospect a year)
4. Hit 4 nos. Big Project a year (>50k)
5. Delegation is key - Supervisor to handle project, Admin to handle invoice/DO/sourcing, develop a fabrication team, increase manpower


Financial
6. Pay mortgage in full every month
7. Reduce principal by 100k flexi loan
8. Save enough cash to invest 350k cash into 1.4mil property

Health

6. 78kg (mid June), 77kg (end 2014)
7. Exercise at least 3 times a week (mid week jogging, Sat Cycling, Sun Badminton)
8. Health screen (end Mac)
9. Eye n dental check up (end Mac)
10. Cut down eating breakfast outside

Family
11. Start a family

Leisure activities/hobbies
12. Visit 1 country requires flying > 3 hrs
13. Meaningful wedding anniversary celebration
14. Celebrate parents birthday

How I have done meeting my 2013 Resolution?

Business
1. Hit 1 million sales (accomplished)
2. Invest into long term cash cow project - pipe skid (Still no cash cow)
3. Hit 4 nos. Big Project a year (average 100k) - (More than 50k, KTM bridge, Toshiba, KPM, Tencate Senawang)
4. More delegation of non-core activities - supervisor conduct weekly safety & job meeting (Nope)
5. Appraisal for each employee  (Nope)

Financial

6. Net worth four hundred (Bought a Honda City)
7. Ability to buy 1 mil property (Bought a house 1.2mil)

Health

6. Hit 77.5kg by (end Mac), 77kg (end June), 76.5kg (end Sep), 76kg (end Dec) - (80kg end Dec 2013)
7. Exercise at least 3 times a week (Almost)
8. Health screen (end June) - No
9. Eye n dental check up (end Mac) - No

Family
10. Meet grand parents at least once a quarter - (3 times a year)

Leisure activities/hobbies
11. Visit 1 Asean country (Hanoi, Vietnam)
12. Visit 1 country requires flying > 3 hrs (Taipei, Taiwan)
13. Meaningful wedding anniversary celebration (Tak ada)