Increase Productivty

Developing your business goals

Once you’ve determined what kind of business you want to go into and you’ve put together your business plan, the next step is to establish some goals. Goals are extremely important for success, no matter what endeavor you undertake.

So, to develop your goals what do you need to do to get started? A goal is nothing more than a milestone that you want to accomplish. So a simple goal for your business might be “Get my business setup and bank account opened by the 15th”.

I like to keep the goals simple. Simple is easy to remember, easy to accomplish, and easy to figure out. So start by asking yourself a few questions:

What is my ultimate objective with this business? – This might seem to be an obvious question, but you’d be surprised how may times people overlook it. Your ultimate objective might be “Make a million dollars and retire in 10 years” (Of course, if you’re doing what you love, would you really want to retire from that anyway?), or “Be able to leave my current job and work my business full time within the next 5 years”. It all depends on your personality, your dreams, and even the business you choose to go into. Your ultimate objective lets you know what you’re expecting from the business.

2. How much money am I going to need to start this business and how am I going to raise it? While, on the surface, this question doesn’t seem to be goal oriented it actually gets your mind thinking in an important direction that will ultimately lead to a goal and that goal is to raise the money to start your business.

3. Another excellent question is “Who can help me accomplish my mission?” Again, this doesn’t appear to be a goal oriented question, but again it gets you thinking about who can help you with your business, and leads you to the goal of building your team.

There’s a lot more on goal setting that could be discussed, but I wanted to give you some basic ideas to get you started. I would recommend anything by Anthony Robbins or Zig Ziglar with regards to goal setting for more information.

taken from: How To Make Money From Your Hobbies and Ideas