1. Headline
  1. Headline
By
updated 12/28/2012 12:18:36 PM ET 2012-12-28T17:18:36

The holidays are typically slow at many companies. The lack of business can seem daunting to ambitious, always-on-the-go entrepreneurs. Colin Sprake, motivational business speaker and author of the upcoming book The Entrepreneur Success Recipe (Morgan James Publishing, 2013) says the best way to avoid anxiety during the holidays is to be prepared.

  1. More from TODAY.com
    1. This 4-year-old's love letter to school crush is the cutest thing ever

      What lady wouldn’t be won over with compliments and promises of fine dining and magic tricks?

    2. Snuggle buddies! Baby girl, baby sloth cozy up for maximum cuteness
    3. Traveling for Thanksgiving? Leave now.
    4. 16 adorable 'Movember' babies show off their 'staches
    5. Congrats, Jimmy! Fallon gets his name in lights on new 30 Rock marquee

Related: An Introvert's Guide to Surviving the Holiday Season

"Many entrepreneurs don't plan for slower periods, this adds a huge amount of stress over the holiday season and often has the entrepreneur living a life of anxiety and fear rather than one of enjoyment with family and friends," says Sprake. He offers these six tips to make use of your holiday downtime.

1. Reflect on the year. "[The holidays are] a time of reflection on where your business is going," says Sprake. Review marketing, sales and profit strategies, reflect upon what worked and what didn't, what you can improve upon, which products and services were profitable and which were not so you can enter the new year prepared to tackle the problem areas of your business.

2. Set goals. Just as you make New Year’s Resolutions to lose weight or eat healthier, take advantage of your business downtime to set some goals for your business over the next 12 months. Be sure to place your goals somewhere accessible so you can review them on a regular basis and evaluate your progress.

3. Invest in your intellectual capital. Take the time to read a great business book and get some ideas to improve the areas where you’re lacking. You can also use the slow time to research courses and workshops you may want to attend in the New Year.

4. Take time off. "It’s vital for entrepreneurs to take time away from their business and recharge their batteries," says Sprake. Taking time away helps to relieve stress, avoid burn out and will have you returning in the New Year feeling rejuvenated and ready to tackle anything thrown your way.

Related: How to Banish Holiday Stress

5. Get personal chores done. A strong personal foundation is essential to propel your business forward. Take advantage of your downtime to schedule your annual dental and eye exams and get any personal chores such as cleaning out the garage or organizing your home office out of the way so they don’t add to your stress later in the year when your phone is ringing off the hook.

6. Thank your support network. While we often take time to thank clients for their business, Sprake says it's equally important to show gratitude to family. "Your family supports you through the thick and thin of your business," says Sprake, who hosts a gratitude dinner for his family around the holidays to thank them for helping him achieve his business successes.

Copyright © 2013 Entrepreneur.com, Inc.

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

More on TODAY.com

  1. Caters News Agency

    Snuggle buddies! Baby girl, baby sloth cozy up for maximum cuteness

    11/25/2014 10:18:17 PM +00:00 2014-11-25T22:18:17
  1. Jennifer Skinner

    This 4-year-old's love letter to school crush is the cutest thing ever

    11/25/2014 6:50:23 PM +00:00 2014-11-25T18:50:23
  1. Traveling for Thanksgiving? Leave now.

    11/25/2014 5:49:26 PM +00:00 2014-11-25T17:49:26
  1. 9News

    Mom dies during childbirth to save 'miracle' baby's life

    11/25/2014 3:32:54 PM +00:00 2014-11-25T15:32:54
Exclusive
  1. Angelina Jolie reveals how marriage has changed life with Brad Pitt

    11/25/2014 2:00:39 PM +00:00 2014-11-25T14:00:39