I know what you’re thinking: I am tired of not moving things forward enough in my business. I’m here to tell you that the reason why this is happening is because you are not measuring yourself against business goals. Are you one of these people who says, “Why set goals if you never end up meeting them?” Or you know you should set goals, but you haven't quite gotten around to it (like backing up your data or keeping your antivirus software up to date). I encourage you to shift your thinking about goal setting. When you take the time to set goals and follow through on those, it is an investment that pays.
Here are five ways to look realistically at your business and create meaningful business goals.
1. Analyze the Current Situation
Look at where you are right now and ask yourself: are you where you want to be? It is imperative that you are clear with yourself about your current circumstance regarding money in the bank, accounts payables, your sales pipeline, and your processes. Once you have established what the present looks like, only then can you plan for the big picture and set goals against it.
2. Create a Roadmap of Business Goals
Focus on long-term goals in a five-year benchmark when you develop your goal roadmap. These reach goals have a place in your overall goal setting, but it is essential to set some clear, attainable milestone goals in the short term . Just as an undergraduate sets a goal toward earning a bachelor's degree before applying to grad school, your road map should include goals you can achieve sooner rather than later that will help you accomplish those long term goals. You may even find that creating yearly measurable goals helps you clarify your vision even further.
3. Break It Into Small Bites
Create short-term tasks to achieve your goals for the next year. Creating monthly and weekly sales goals will help you move the needle on your revenue goals. Need to increase sales? Set a goal for increasing cold calls, social posts and direct outreach such as attending meetings. Need to get people to your website? Establish a content development system and start an editorial calendar. Need better subscription numbers? Work on developing a new free download for your website. Remember: you can’t achieve your goals if you don’t take steps toward making them happen.
4. Stay Focused
It’s not enough to set goals. Now you must make substantial efforts to attain those goals. For example, if you are going to be developing content, set aside one day a week to do that. Be proactive and set deadlines for your milestones in order to achieve those goals. It’s easy to get distracted or discouraged, so keep trying even if you miss a milestone. One of the best ways to stay focued is to avoid or eliminate distractions whenever possible.
5. Work Hard Towards Your Business Goals
This is a time when hard work determines your outcome. So many entrepreneurs spend a lot of time working on their day-to-day activities and don’t allocate enough time and resources to commit to achieving their professional goals, and then they wonder why they failed to accomplish those goals. There is a direct correlation between the amount of energy you put toward a goal and its results. Set your biggest goals first, they the annual goals, then the monthly and weekly goals. Once your organize your time this way, you will see a difference in your business.
Melinda is a founder and president of Quintessence Group, an award-winning marketing consulting firm based in Philadelphia, PA, serving Fortune 500 brands who target small businesses.