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Reflect and Reset: Why Every Business Owner Needs to Hit Pause

December 18, 20246 min read

As the year draws to a close, there’s no better time to pause, take stock, and reset. For entrepreneurs, business owners, and frankly, every human being, a reflection and reset period is essential. Think of it as a timeout for your business—an intentional moment to pause, assess, and realign with the bigger vision that drives it all.

This process isn’t just about business; it applies to our personal lives, family dynamics, and even our mindset. As the season naturally invites us to look back on the year as a whole, this is the perfect opportunity to celebrate the wins, honour the challenges, and reflect on the lessons learned—lessons that stretched us, grew us, and may have turned us into a newer, brighter version of ourselves.

But reflection isn’t just about the past. It’s about how those insights inform our future. When we close one chapter, we honour the experiences within it and allow it to set the stage for what comes next—with clarity and intention leading the way. Whether you jump into the new year full of energy on January 2nd or prefer a slower, more intentional start, the reflection and reset process is what ensures you move forward with purpose.

So, why is this so important?

The Importance of Reflection

We all know life and business move fast. As the days, weeks, and months fly by, it becomes easy to get stuck in the daily grind. One moment, you’re riding high on a big win, and the next, you’re bogged down by challenges. Without taking a step back to reflect, you risk losing sight of what’s truly important.

Regular check-ins—quarterly and yearly—help you hit the brakes and take a breath. They allow you to pause, celebrate your progress, and course-correct where needed. Reflection shows you how far you’ve come, reaffirms where you want to go, and helps you believe in the direction you’re headed.

But here’s the thing: reflection only works when it’s intentional.

For example, in the past year, I’ve made plenty of mistakes (and I hope I continue to because mistakes mean growth). I’ve spent entire quarters in full-on hustle mode—launching new offers, growing my audience, saying yes to everything. It felt productive, but in truth, I was being a “busy fool.” At the end of one quarter, I realised I was completely off course.

The intentions I had set at the start of the year—the goals, the vision, the strategy—were still valid, but I had veered so far off track that my daily actions no longer aligned with what I truly wanted. I was so busy doing more that I wasn’t being intentional about what mattered.

That quarterly reset was a turning point. I let go of what wasn’t working, doubled down on what felt aligned, and started to see progress. And here’s the kicker: the results I’m seeing now—six months later—are the direct result of those changes.

If you want to know why your results look the way they do today, look back at what you were doing three to six months ago. The decisions and actions you take today will set the foundation for the months ahead. Reflection allows you to be intentional, strategic, and purposeful about what comes next.

Why You Need a Yearly Reset (Even If You Do Quarterly Check-Ins)

You might already be doing weekly or quarterly check-ins. So why is a yearly reflection and reset so essential? Because when we zoom out, we gain a bigger-picture perspective. We start to see the full story of the year—the wins, the challenges, the lessons, and the growth.

Think about it: can you clearly remember the lessons you learned in February? Or the struggles you faced in March that were actually pivotal moments of growth? Too often, we lose sight of these milestones as time passes. Yearly reflection ensures we:

- Celebrate achievements (even the small, quiet wins).

- Honor the challenges and acknowledge the lessons they taught us.

- Recognise the progress we’ve made, both personally and professionally.

- Avoid repeating mistakes we’ve already learned from.

- Reconnect with our vision and goals for the future.

And here’s something we often overlook: not all wins are measurable. Growth doesn’t always show up on a spreadsheet. What about the relationships you built? The connections you made? The personal development you achieved? These are the quiet wins that often have the greatest impact.

A Simple Process to Reflect and Reset

Ready to do your own reflection and reset? Here’s a simple framework to guide you.

Step 1: Reflect on the Past Year (or Quarter)

Start by asking yourself these questions:

1. What went well? What were the highlights, the achievements, and the moments that felt really good? Celebrate them.

2. What didn’t go well? Why didn’t it go well? What were the challenges, and what can you learn from them?

3. What surprised you? What happened that you didn’t expect? How did it shape your business or life?

4. What did the numbers tell you? Look at your metrics—income, growth, engagement. What trends do you see? Why did those numbers shift (up or down)?

5. What wins can’t be measured? Think about relationships, collaborations, and personal growth. What progress have you made that isn’t tied to a number?

6. What lessons did you learn? Reflect on the struggles and how they shaped your growth. What will you carry forward?

Step 2: Reconnect with Your Vision

Once you’ve reflected, reconnect with your big-picture vision:

- Are your current actions aligned with your long-term goals?

- Has your vision changed? If so, what needs to shift?

- What feels out of alignment, and what can you let go of?

This is your opportunity to make intentional adjustments. If you’ve veered off course, now’s the time to course-correct.

Step 3: Set Intentions for the Next Year (or Quarter)

Now, look forward. Set clear intentions for the year or quarter ahead. Start with 1 to 3 focus areas—big goals that you want to achieve. These could include:

  • An income goal

  • An impact goal (e.g., launching a podcast or new product)

  • A personal development goal

Be realistic and strategic. Don’t overwhelm yourself with too many goals. Instead, focus on what matters most.

Step 4: Break It Down into Actionable Steps

Big goals require small, consistent actions. Break your goals into manageable steps:

- What can you do this month to move closer to your goals?

- What can you do this week?

- What can you do today?

For example, if your goal is to improve visibility, your steps might look like this:

- Week 1: Reach out to 10 groups for speaking opportunities.

- Week 2: Go live on Instagram.

- Week 3: Connect with 5 new people in your industry.

Small, actionable steps create momentum. Over time, they compound into meaningful progress.

Step 5: Plan It Out

Finally, put your goals and actions into your calendar. Assign specific tasks to each day, week, and month. Treat them like non-negotiables. If it’s not planned, it’s not happening.

Final Thoughts

The reflection and reset process isn’t just about looking back—it’s about using the insights from the past to move forward with clarity and intention. It’s about honouring your progress, celebrating your growth, and setting the stage for what’s next.

As we head into the new year, take the time to pause. Reflect on how far you’ve come. Realign with your vision. And set clear, intentional goals that will guide you into 2025.

Whether you’re easing into the year or jumping out of the gates on January 2nd, this process will ensure you’re moving forward with purpose. After all, it’s not about doing more; it’s about doing what matters most.

Here’s to a new year filled with growth, alignment, and intentional action!

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Diane Taylor

Diane is a Strategist, Coach and Mentor. Your Tough Love Accountability Partner & Courage Giver. Community Founder - The Joy Work Club. Podcaster - The Joy Work Show. She is also a mama to two gorgeous wee girls and a four pawed boy called Duke. She is a tea Jenny, who likes good coffee and a glass of Champagne.

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