Business Goals – What is Your Goal?

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Business GoalsSetting and achieving your business goals will be the difference maker in your success as a small business owner.  Even though it is easy to dream big dreams, it is much more difficult to take action and reach your goals.  This requires clear thoughts and decisive actions.  Goals are dreams that require clear objectives to reach them.

Describe Your Business Goals Clearly and Concisely

It’s easy to state vague goals and in doing so we don’t have any real commitment to concrete objectives.  Instead of your goals being vague “I want to sell more next year”, “I want to be more efficient with my time next year” outline exactly what your goal is.  Write out clear objectives:

  • I want to sell 10% more than last year.  My gross sales should equal $525,140.00 by December 31st, 2011
  • I want to accomplish all my tasks in 8 hours each day, instead of working 10-12 hours per day

Once you’ve clearly and concisely identified what you want to accomplish it is much easier to take the right actions.

What Will it Take to Reach Your Business Goals

A realistic look at what it will take your business to reach the goals you’ve outlined is important.  You must accurately and honestly measure the resources that you can dedicate to your goals.  As an example, if you wanted to implement consistent training you’d have to:

  • Schedule consistent times for training
  • Obtain or update relevant training material
  • Communicate the value of training to the rest of your team

Those pieces of your goal would require time, money, and planning.  You have to have an accurate and honest view of what this means for your business.  Once you’ve stated your goal clearly, take plenty of time to think about what it takes to reach the goals you’ve outlined.

When does this Goal Need to be Accomplished

Once you’ve clearly defined the goals, and determined what your business needs to accomplish them, you need to clearly lay out a time frame to accomplish them.  To reach your goal you’ll need to schedule consistent times to work on the objectives that step you closer towards your goal.  Be realistic in when the goal can be completed, but don’t set a date so far away that the goal doesn’t seem real.  If your goal is so huge that you’ve planned for it to take three years you may want to break it down into smaller goals.  Once you’ve determined when the goal needs to be completed use focus techniques that help you reach your goals consistently and effectively.

How do you reach your goals?  Share what works for you in the comments.

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Are You Thinking for the Future?

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Are you just trying to make it through the day?  Are you thinking about what to do the rest of the weekend or next week?  Are you thinking for the future?

Living in the moment is good advice for some parts of our day but we can’t forget to look ahead to what may be coming in our future.  What is ahead on your path?  Do you have any control of it?  You may have formed an opinion already about how destiny treats you, but I’d like to challenge that today.  There are definitely some parts of our future that we affect.

Actions That Change Our Future For The Better:

  • Planning out the coming week
  • Writing out your goals
  • Breaking down your goals into daily steps
  • Daily choosing a positive attitude
  • Managing your time
  • Managing your finances

Actions That Change Our Future For The Worse:

  • Ignoring the elephant in the room
  • Choosing not look at your goals daily
  • Thinking someone else will handle the problem
  • Spending time or money unwisely
  • Choosing to ignore the value of consistency
  • Choosing not educate yourself consistently

Each day you are either making positive decisions that help your future, or making bad decisions that harm your future.  Don’t underestimate the power of your conscious or conscious decisions.  Think about your future today.

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Wrapping Up The 30 Days

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I finally completed the series “How To Grow Your Business In 30 Days”.  It ended up being a lot more work than I expected, but it was really enjoyable overall.  I learned a lot.  I’ll share some of the lessons I learned during the 30 days in future posts.  Here I’ve summarized the Grow Your Business In 30 Days using the original outline I created so that you have one easy place to review them and find each post.

  1. Find someone to hold you accountable: Day One
    1. Business coach
    2. Spouse
    3. Friend/mentor
  2. Get control of your finances – expenses: Day Two
    1. Do you know what you cost each minute, hour, day, week, month, year?
    2. Cut out the fat
    3. Do more with less
  3. Get control of your finances – Accounts Receivable
    1. It’s OK to lose 20% to get 80%
    2. Build a system that improves speed of payments
    3. Automate monthly fees
  4. Get back on track – pickup the phone and call vendors
    1. Thank your vendors
    2. Tell them what you are up to
    3. Ask them what they need from you
  5. Get back on track – pickup the phone and call old customers
    1. Keep your name fresh in their mind
    2. Ask them how you can help
    3. Be willing to face old problems
  6. Find a new lead source
    1. Start somewhere fresh
    2. Measure the quality and cost of the leads
  7. Adjust the lead source to meet YOUR needs
    1. Is it your exact market?
    2. Does it apply to the product or service you sell?
    3. How can you swing the bat more often?
  8. Fine tune your prospecting approach
    1. Write a thesis statement that explains your approach
    2. Draw out each step sequentially and study it
    3. Ask your peers and mentors how the think you should do it
  9. Review your successes – magnify them
    1. What worked?
    2. Why did it work?
    3. How can you replicate that?
  10. Review your failures – minimize them
    1. Where did it fall apart?
    2. How can you prevent this from happening again?
    3. What did you learn from your mistake?
  11. Improve your sales process – what works?
    1. Do you understand your open, middle, and closing steps?
    2. Study good sales behaviors
    3. Persistence is the key factor
  12. Improve your sales process – automate it and refine it.
    1. Write it once, and re-use it
    2. Get a direct line
    3. Get in the solutions business
  13. Practice honesty
    1. With yourself
    2. With your customers
    3. With your team
  14. Build a strong team
    1. Outsource effectively
    2. Hire in temp to full time
    3. Learn to give consistent effective feedback
  15. Build strong partners
    1. Groom your vendors
    2. Set expectations
    3. Prepare plan B and C and D
  16. Put killer marketing in place
    1. Email marketing
    2. Person to person marketing
    3. The I need you, Do you need me? Approach
  17. Be available
    1. Open your schedule for your customers
    2. Expect an appointment
    3. Explain the use of your communication channels
  18. Write an FAQ
    1. Save yourself time and read through the FAQ’s you receive
    2. Write an FAQ and provide it automatically
    3. Ask your customers to provide input
  19. Provide a support portal
    1. Queue and handle requests
    2. Automate responses and include your FAQ and tools to download
    3. Remember that every time you reach a customer it’s an opportunity to build value
  20. Don’t focus on today’s dollars – look long term
    1. Monthly services are relationship builders
    2. Learn to provide solutions to problems
    3. Help others succeed and the money will follow
  21. Schedule your way to success
    1. Build your to do into your calendar
    2. Make sure you are meeting someone to accomplish the to do list
    3. Never leave a meeting without scheduling the next
  22. Put A Project Management System in Place
    1. Tag and prioritize products
    2. Mark the date the project entered your system
    3. Daily choose to update and manage the system
  23. Take time to relax and think
    1. Lay on your back and wonder
    2. Don’t be afraid to consider change
    3. Stop doing things you don’t enjoy
  24. Ask for feedback
    1. From your Team
    2. From your Customers
    3. From your Vendors
  25. Have Fun
    1. Enjoy the challenges
    2. Express your excitement
    3. Don’t take it too seriously
  26. Examine your model
    1. What is your model?
    2. Does it work well?
    3. How soon will you have to adjust your model?
  27. Invest in good technology
    1. What really improves work-flow?
    2. What can save you time?
    3. What can save you money?
  28. Learn faster than everyone else
    1. Read constantly
    2. Listen to pod-casts
    3. Ask the right questions
  29. Serve those around you
    1. Do what is right for your team
    2. Lead from your heart
    3. Communicate that you care
  30. Consider vertical and horizontal growth
    1. How can you grow your business larger? (vertical)
    2. How can you expand into new sectors (horizontal)
    3. How fast should you grow?

Now with everything in one place here in this post you can simply review the general thought process I had behind the 30 days or you can read each post at your convenience.  I’m sure that this doesn’t cover everything that you’ll encounter over the years in business, but I have tried to give you some tools that will make a difference in the short term.

How can I help you?  Please feel free to ask me any questions in the comments or by contacting me.  Here’s to your increased growth and success in 2011!

Entrepreneurs and their small enterprises are responsible for almost all the economic growth in the United States. ~ Ronald Reagan

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Take Time To Relax – Day Twenty-Three

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Take Time To Relax And ThinkOne of the most important things you can do for your small business is take time to relax and think.  Taking a big step back to consider what is actually going on is very important.  Day twenty three in growing your small business is about taking the strategic and important time to do just that.

Take Time To Relax And Think

Looking back on the years I’ve found that my most productive moments came during or right after the times that I was able to sit back, relax, and really contemplate what was going on.  Make the time to relax and think and reap the benefits.

1. Lay On Your Back And Wonder

When I find things are too chaotic for me to make heads or tails of what’s going on I like to leave the office, find somewhere quiet in the park and sit back and think.  It is amazing what the sound of waves, or wind, or just laying on your back in the sunshine can do for you.  If your current climate doesn’t allow for that, find a good corner in your local bookstore.  Wherever you are take something that you can use to write some notes, and commit to ignore email, calls, and anything else that your digital leash carries with it.  Just sit and think.  If you take time to think about what your work and life are right now you can begin to improve and make changes as necessary.  Don’t be afraid to think about the difficult areas of your life.

2. Don’t Be Afraid To Consider Change

After you’ve take some time to get perspective on things, you may find that what you are currently doing doesn’t really have the desired results you are looking for.  One of the strengths of my career has been my ability to change.  If you see something that you don’t like don’t be afraid to consider changing it.  If it looks like you need to make a change then plan out a good strategy and change!

3. Stop Doing Things You Don’t Enjoy

One of the reasons many of us started our own businesses is because we didn’t enjoy working for others.  Maybe it was the fixed schedule, maybe it was the fact that you managed to always get a boss you couldn’t stand, maybe it was the cap in earnings you saw.  Whatever the reasoning for leaving the traditional workforce I don’t think it was so that you could day in and day out do something that you hated.  There are things that we need to do that are difficult or unenjoyable that move our business forward, but that is not the entire amount of work.  If you’re finding that everyday is a drag and it’s just not as enjoyable as you wanted it to be then maybe it’s time for a change.  Figure out how to effectively change course and leave the unenjoyable tasks behind.

What helps you think and plan for the future?  Anything you’d care to share in the comments?

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