All small home based business owners must set goals if they plan to succeed. Success by chance is not duplicable; its just a happy accident. The process of setting goals on purpose can be duplicated over and over again to perpetuate growth and profitability. One way to ensure that your small business goals count is to make sure they are measurable, memorable and monetary. Measurable goals are quantifiable. Measurable goals focus on the numbers that tell you where you are right now in your small business development plan and where you want to be by a certain date. When a goal is too fuzzy or targets a result with no starting point to be measured youll never really know if it was accomplished. Goals that count must literally be based on something your can "count". Dont count on goals you cant measure to create your small business success.
Memorable goals are meaningful. Memorable goals have a tangible impact on you and your small business. Because they make a big difference they count. These types of goals are often made up of a series of smaller steps whose impact is minor but once the goal is accomplished you feel great and it shows in your business. Dont set goals whose impact is not felt by you or your small business.
Monetary goals are profitable. Monetary goals show up as a positive increase on your bottom line. Every small business is accountable for how it uses money and the money it makes. When you set goals its critical to calculate the cost of implementing the goal and the return on the investment for achieving the goal. Everything you do in your small business should either make or save money. Set goals capable of bringing a positive change to your bottom line. Thats what really counts.
They are a lot of steps to setting small business goals. But, to achieve success you must make sure each of the goals you set count. - Do your goals start and end with a measurable number? - Do your goals have enough impact to be memorable? - Do your goals increase your bottom line?
If all your answers to the questions above were "yes" your goals are measurable, meaningful and monetary. Youve learned how to make your small business goals count. |