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Published on: 24 Apr 2017 by fayaz
Every business needs to have goals to
keep moving forward and maintain or improve their level of success. As a
business owner, it is your duty to set and implement certain long and
short-term objectives that are to be pursued to keep the business running
If you’re a budding entrepreneur and have
never created the business plan, do not worry because the process is relatively
straightforward. No, you don’t need endless amounts of paperwork; just a clear
vision and desire to achieve will do the job just fine.
4 steps to set measurable business goals
1. Think about what you want to achieve
The process of goal setting begins with
you considering the things you want to accomplish after a period of time of
time. At this point, not every idea in your mind will be realistic nor will
they actually grow your business. Just grab a piece of paper and think about
where you want to be in 5 or 10 years down the line without worrying about the
chances of success.
2. List down your potential objectives
In the second step, all you have to do is
list everything you’ve planned for your business onto a piece of paper. By
analyzing where you currently stand and where you want to be in the future will
give you some insight on what to do to accomplish these objectives. However,
don’t forget your customers because your business runs for the sole purpose of
3. Sort out your options
In this step, it’s time to make sense of
your potential objectives and thoroughly analyze what makes sense and what
doesn’t. This process will help you filter out the not-so-important tasks and
leave you with only the targets that will aid in building up your business. Do
not skip this step or else you might waste time and resources in the long run.
4. Plan actionable steps to pursue
Once your ideas are on paper, you’ll need
to prepare a series of actionable steps that will guide you towards your goal.
Having plans ready and not acting upon them is as useless as having a business
that doesn’t attract any customers. You must also ensure that your employees
are on board with your idea or else the plan will fall flat on its face.
that’s it! These are all the things you need to do to set realistic business
goals that will truly give your business the boost it deserves.
Contrary to what many people say, the process doesn’t have to be any more complicated.