Proper planning helps the business to achieve the goals successfully. Therefore,
it is important to have real, specific goals in your business. These goals can be financial, personal, or simply involve an aspect of your business ("build an effective website" for example). It can sometimes seem overwhelming to determine goals, and even more overwhelming to think of achieving them. Here are some tips on doing both of these.
Define the goals
here are some things to keep in mind that may help.
Money
How much money do you need? Have a number here - $1500 a month? $100 a
week? $50,000 a year? Financial goals are very different for everyone. Just make sure you have a real number. You might want to set two financial goals - long-term and short-term.
Business Strategy
As you develop a strategy to reach your goals, you will have
goals within that strategy. For example, if your goal is to start your own small
business making hand-sewn handbags, then your strategy may be to make ten handbags to have available before beginning and to sell all ten in your first month.
Within this strategy, there are steps - you will need to schedule in the time it
takes to make the handbags, and determine the amount of money needed to buy the materials. Then you may also need to set up a website and post ads to get the word out. Even within these steps are more steps - setting up a website involves
multiple steps, as does advertising. Break everything down into small, specific steps and look at it on paper.
goals within that strategy. For example, if your goal is to start your own small
business making hand-sewn handbags, then your strategy may be to make ten handbags to have available before beginning and to sell all ten in your first month.
Within this strategy, there are steps - you will need to schedule in the time it
takes to make the handbags, and determine the amount of money needed to buy the materials. Then you may also need to set up a website and post ads to get the word out. Even within these steps are more steps - setting up a website involves
multiple steps, as does advertising. Break everything down into small, specific steps and look at it on paper.
Time
Be honest about how much time you have. So many times it's tempting to set goals we can't reach because we just don't have a grasp on how much (or how little) time we have. Also, hours on paper seldom work out exactly right in real
life - you need some breaks (no one is a machine), and life happens.
For example, if your kids are in school from 8am to 3pm, you may think you have seven hours to work that day. But if you're honest, it may be more like five by the time you factor in lunch, bathroom trips, driving to and from the school if you drive your kids, and so forth.
If you have been honest in the above exercises, achieving your goals will be much easier and likely. Still, you can be as detailed and careful as you want on
strategy lists and such, and still have trouble reaching your goals. So it may help to keep the following in mind.
Keeping a record of your business ventures, expenditures, income,
and overall progress toward your goals can help you get a handle on how well you're doing. This can also help you see areas in which you need to improve and
areas where you excel.
For example, if your kids are in school from 8am to 3pm, you may think you have seven hours to work that day. But if you're honest, it may be more like five by the time you factor in lunch, bathroom trips, driving to and from the school if you drive your kids, and so forth.
Achieve the goals
strategy lists and such, and still have trouble reaching your goals. So it may help to keep the following in mind.
Keep track
Keeping a record of your business ventures, expenditures, income,
and overall progress toward your goals can help you get a handle on how well you're doing. This can also help you see areas in which you need to improve and
areas where you excel.
Accountability
Some sources suggest an accountability partner, goal buddy, or
whatever you want to call someone who holds you accountable for reaching your
goals.
Marketing - It is important to have a marketing strategy and plan. How will you get your name out? How will you tell people you are open for business? This is an important component of any business goal.
whatever you want to call someone who holds you accountable for reaching your
goals.
Marketing - It is important to have a marketing strategy and plan. How will you get your name out? How will you tell people you are open for business? This is an important component of any business goal.