It’s that time of year again… the time of year when Entrepreneurs are re-evaluating goals created, achieved, and missed over this past year and preparing for new goals for the coming year. When Entrepreneurs focus on the next year, the goals usually, always are monetary.
“I want to make $X amount of money.”
“I want to make X number of sales per quarter?”
If you are an Entrepreneur that does that, just keep in mind that it is not enough in order to achieve your goals. Yes, having a money mindset is important. However, in order to hit the monetary goals, you have to take that broad thinking and break it down.
- What was your goal last year?
- Did you achieve it?
- Why didn’t you achieve it?
- Have the solved the problems of why you didn’t achieve it?
- Do you have alternative ways to achieve it for this year?
- If you did achieve it, how did you do it?
- Will it work to do it again this year, the way you did it last year?
- If not, what can be done to achieve it?
These are great questions to ask yourself before you solidify your plan to grow in the business next year. Entrepreneurs cannot just say, “I want to make $10,000 a month.” In order to make the $10,000 a month, they need to also know how many products, at what price, and over what period of time do they need to achieve the goal. An example is a courier service with a goal of $10,000 a month. If the route pays $1.25 a mile and routes run for 5 days a week, then the break down is that the business has to drive an average of 400 miles a day to make $10,000 a month.
You may be thinking in your head that it is simple, but it is an action that is skipped by so many. When you are putting goals down to achieve them, break them down as much as you can. What are all of the actions needed before you can achieve the goal? Write it down. Place your goal at the top and branch out downward with the work needed to make it happen. It is not only simple, but an efficient way to conquer any goal successfully. Know the numbers, break it down, and actually start executing; a simple guide to success. Now let’s start breaking it down!