📺 Stream EntrepreneurTV for Free 📺

Tis the Season for Giving Thanks With Christmas just a day away, don't forget to give a big 'THANK YOU' to the VIPs in your life.

By Matthew Toren

entrepreneur daily
Shutterstock

Around the holidays, it's easy to get bogged down by the day to day of launching your startup -- especially if you have a seasonal business or one that kicks into overdrive this time of year.

But the holidays should also be a time for introspection, review and giving thanks. Given the tragedy in Newtown, Conn. -- and the emotions of everyone from family members to employees running raw -- following this regimen may be more important now than ever.

Here's a list of people to consider this time of year and how to pay them thanks:

Family
If you're fortunate enough to still have your parents in your life, let them know how much you appreciate them. Even if you went through some patchy times before, ultimately they helped instill the values that launched you on your entrepreneurial journey. Make an effort to reach out and invite them to lunch. Verbalize your appreciation.

Also, if you have a family of your own, be sure to remind your loved ones that they're your first priority. Find time to spend a family weekend together, away from work. And start plowing money away for college, or even a start-up nest egg.

Friends
Friends that you've made early in life will keep you humble and give you perspective. It can be harder to forge real friendships in adulthood, but if you keep an open mind, you can still make genuine connections. If you have friends who are struggling financially, try to pick up dinner or drinks even when it's not your turn. If they're your real friends, they would do the same for you.

Related: 4 Holiday Gifts for Time- and Fashion-Challenged Young Entrepreneurs

Community
You don't have to give money to charity to give back to your community, or other hard-hit communities. Get involved in community organizations. Give your time. In many ways, it's more valuable and meaningful than your money. Volunteer on a holiday or organize a fundraiser with charitable proceeds through your company. Work to make your business sustainable. Not only is it a powerful ethical decision, it's a sound financial move. Consumers are becoming more and more aware of sustainability and will actively seek businesses that reflect their values.

Related: 10 Ways to Win Over an Unsupportive Family as a Young Entrepreneur

Employees
If you have a particularly good month or quarter, reward your employees accordingly. They are the life-blood of your company after all. Little gestures like free muffins or sushi go a long way. An outing for dinner and drinks to celebrate the holidays, or even just a big sale, builds team spirit and shows that you're eager to share the rewards of success. Again, make time for your employees. Address their concerns individually and with candor, and verbally acknowledge people who are putting in extra effort.

Related: 5 Ways to Win the Hearts of Employees

Others
Share your positive attitude with those around you who are willing to accept it. There will always be a collection of negative and cynical people don't care. Ignore them and focus on communicating your entrepreneurial mindset with other positive people and those looking for a boost. In a way, a person with a powerfully infectious positive attitude gives more back than anybody.

You don't need a monocle and a sailboat to start being philanthropic. Benevolence and altruism are states of mind. Adopt them, and let them influence your business, your interactions with loved ones and your relationship with your community.

How have you thanked the people in your life this year? Let us know in the comments section.

Matthew Toren

Serial Entrepreneur, Mentor and co-founder of YoungEntrepreneur.com

Matthew Toren is a serial entrepreneur, mentor, investor and co-founder of YoungEntrepreneur.com. He is co-author, with his brother Adam, of Kidpreneurs and Small Business, BIG Vision: Lessons on How to Dominate Your Market from Self-Made Entrepreneurs Who Did it Right (Wiley). He's based in Vancouver, B.C.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Side Hustle

These Coworkers-Turned-Friends Started a Side Hustle on Amazon — Now It's a 'Full Hustle' Earning Over $20 Million a Year: 'Jump in With Both Feet'

Achal Patel and Russell Gong met at a large consulting firm and "bonded over a shared vision to create a mission-led company."

Resumes & Interviewing

6 Traits to Look For in Your Next Boss

These are the characteristics you need to look for to find a manager who understands they're in service to their teams — not the other way around.

Making a Change

Expand Your Business with a New Language — Beelinguapp Is Just $30

This language-learning app uses audiobooks and music to help you better grasp vocabulary and speech.

Productivity

Want to Be More Productive? Here's How Google Executives Structure Their Schedules

These five tactics from inside Google will help you focus and protect your time.

Business News

These Are the 10 Most Profitable Cities for Airbnb Hosts, According to a New Report

Here's where Airbnb property owners and hosts are making the most money.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.