It involves blood, sweat, tears, lots of money and time. In order to reap the benefits of all the things you worked hard for in the past years, you need to keep your focus on the one thing that started all of this in the first place: your dream.
To help you, here are 10 things you must do.
- Be SMART in setting goals.
George Doran coined this acronym in 1981. SMART means specific, manageable, achievable, relevant, time-bounded. For example: you want to expand your business. Using the SMART way, you can set goal to be like this: “My food stall will have another branch before the year ends”. In this way, you set clear goals that can ensure its success.
- Always have a game plan.
Taking the example from number 1, setting the goal in the SMART way isn’t enough. You should make a strategy to achieve that goal every single day. Cut your main goal into smaller pieces– into daily, weekly, and monthly increments. What can you do daily, weekly, monthly so you can get closer to your goal?
- Accept change.
Many things can happen every day that may affect the way you run your business–a new law, brand new technology, or another marketing innovation. You should be prepared for these changes, and think of ways on how to adapt to them.
- Be one step ahead.
Avoid obstacles with forward thinking. Figure out problems or weaknesses, and then find solutions for them. In this way, these problems won’t cost you more money and effort than it should. When you delay some things, such as creating a website or social media platforms for your business, the measures you need to do to catch up will be taxing.
- Weekly reports are a must.
Your team should report to you weekly, so you can monitor them better. Give feedback and encouragement to show that you are connected with their progress and not just the endgame.
- Project management tools may come in handy.
There are many applications you can use such as Asana, Basecamp or Trello that can put all files and updates on a project in one place. You don’t need to scour your emails every time, and you can see realtime updates on the project.
- Have your team set their own goals.
Let them have internal deadlines and goals. When your team commit themselves to their goals, they will most likely follow through. You, as the boss, should still guide them through the goal-setting process.
- Break big projects into smaller ones.
Take it slowly and in smaller parts so that you and your team won’t be overwhelmed. Also, when they achieve each part of the project, it will keep them motivated to work.
- “Side quests” are necessary, too.
Like in video games, you need to complete “side quests” before you can complete the main quest. The same still goes with business. Set milestones that will get you closer to your main goal.
- Construct a financial fortress.
Open a bank account that will serve as a financial fortress for your business. Deposit a certain amount of money every month. Never, ever spend it on anything besides investments.
These things involve discipline and motivation to do. Keeping your eyes on the prize will really help you do these things and at the end of the day, achieve your business goals.
PhilLife is dedicated in helping entrepreneurs achieve their business dreams. Visit www.phillife.com.ph for more business tips and advice.
Free BeTheme WordPress Theme is the best product we ever did.