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Posted 01/24/2021 in Category 1 by Breaie

Goal Setting Is The Effective Way to Grow Your Business

Goal Setting Is The Effective Way to Grow Your Business

The effective and efficient way to grow your business is by written goal setting.

Here's how to set goals for your business. You need to have a plan in place that clearly and easily defines your list of objectives you want to accomplish.

The importance of these lists is so that at the end of the year you can clearly see that you made huge accomplishments in achieving your goals in a written recorded format. This visual format helps you to see how much you accomplished broken down by per day, week, month, and year to help you build your confidence in your ability to accomplish what you determine is important for you and your business.

Set yearly goals for your business success first
These goals should focus on all major areas of your business such as marketing, sales, profits, number of customers. Your goals canmany items that are important to your business. Examples include number of blog articles or videos to create per day, week, and month as well as the topics. These examples are a small number of goal items that can be included in your list. I hope you get the idea of what to include in your yearly goals.

Goals must be very specific, can be measured, realistic, and have a time frame attached to their accomplishment.

Examples of yearly goals:

Clearly defined goals example:
Financial: Increase sales by 5% per year
Increase profits by 3% per year or month
Decrease expenses by 7% per year
Increase traffic to the website by 2% per month
To be achieved by December 31st

Not Clearly defined goals example:

Pull the balance sheet and profit and loss statements quarterly to analyze the numbers. Have a sales meeting with Bob. Advertise the business.

Create a top 10 list of goals that are the most important that have to be accomplished for the year.

After you create a list of business goals for the year, the goals need to be numbered in the order of priority 1 through 10 as the most urgent goals to be set for achievement. The top 10 are the utlitmate importance to prioritize for the year to achieve. The goals for numbers 1 through 10 should be up on the top of the priority list.

Everything else starting with 11 and up in number sequence is of lesser priority, but still needs to be accomplished. From this yearly list, create lists of goals for monthly, weekly and daily goals for your business. This technique can be used for personal goals as well.

Keep in mind that a goal must be time specific, realistic, literally achievable, and you are willing and able to work towards.

Monthly Goal Setting
At the start up of your business or if already in business at the beging of the the new year, set your monthly goals that you want to achieve from your list of goals for the year. Decide on which goals that you want or need to accomplish first at the top of your list. List in order of importance for your business. Ensure you outline all items that you need to do to reach your chosen goals for the month. Towards the end of the month, don't forget to review your monthly goals to check on your progress. Any goals that can't be accomplished for that month or are still in process should be carried over to the following month's goals list. Check your monthly goals written to ensure your goals match your list of yearly goals that you want to complete for the year.

Weekly goal setting

Review your daily, monthly, and yearly goals that you want to achieve and break those goals down to into weekly to do items. Try to at a minimum accomplish three of your weekly goals per week. More is better. The remaining items that could not be completed for that week needs to be carried over to the following week list.

Daily goal setting
Start with your daily goal setting by creating a list of to do items for the day. Keep your goal list realistic of all things that you can accomplish in a day as well as daily administration. As you go through your daily business routine and follow your daily list of goals that have to be completed, don't forget to take needed breaks to maintain your focus and clarity. Never allow yourself to get to the point of feeling overwhelmed or stressed.

If some of your to do items on your list could not be completed or only partially completed, carry those items over to the next day goal setting sheet.
Hold yourself accountable for achieving your daily goals that you wrote out for your business.

Best times to create your daily list is either in the early morning before you start your business day or at night.

Always rewrite and review your written goals daily as you complete and execute or need to add or take away your goals list as well as modifications. As you become accustomed to writing and reviewing your goals, making the list and editing the list becomes easier for you.

Make sure you review your goals. This helps you to think about your goals as well imprinting these goals into your subconscious mind to help you bring your goals into your reality much more quickly.

Hold yourself accountable for goal completion. Your business success will depend on this.

Keep your list of goals for daily, weekly, monthly, and yearly to review at the end of the year. You will be able to see clearly how much you have accomplished, what areas need adjustments, and can easily write out goals that need to be accomplished for the next year of your business.

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