Time for those New Year Resolutions
Did you make any New Year’s
Resolutions? Now that 2024 is actually
underway, maybe you are wondering what happened to them?! Here are some thoughts on goal setting for
YOUR business…
Not all of us are entirely comfortable in
setting goals – in fact you may be one of a significant proportion of all
business owners who don’t set any goals at all.
I would ask you to think carefully on this if you are…There is
compelling evidence that those who don’t set any goals perform dramatically
worse than those who set clear and well thought out goals for them and their
business. The difference can be massive.
So why wouldn’t you set goals for your business? If you’ve a good and proven reason that shows
this approach brings success, then please tell me about it!
For those of you who find it difficult or
too cumbersome to set well defined goals – perhaps the following process might
help.
Before setting your business and personal
goals consider the following:
·
Prioritise: Identify five to ten big
goals for 2024, according to their importance to you and to your business. For
example, double you client base; decrease your attrition rate by 10%; generate
100,000 in revenue; send out five proposals for new business on a weekly basis;
find a new premises; hire new staff... play more golf!
·
Examine the goals: Do the goals energise
and motivate you… if not, change the goals or change the list so as to instil a
sense of urgency and enthusiasm. So ask
yourself…
o Is the goal very significant and meaningful to you?
o Will you feel a sense of accomplishment if you work on and achieve
this goal?
o Is there a time deadline for this activity (either yours or an
outside source)?
·
Categorise: List the goals starting with
the easiest and continuing to the most difficult, and commit to making progress
on the easiest goals within a definite timeframe. Then move on to the more challenging tasks. It’s
all about making progress! If the tasks
are large, then try breaking them down into manageable steps and maintain focus
on completing each task until the goal is achieved. Bite sized pieces! And in order to keep you motivated make sure
that you schedule breaks between tasks, this will help you to regain focus for
the next task.
The most important thing is to start
somewhere. It’s also important to
measure the progress that you make.
You’ve probably heard the phrase… “What gets measured gets done!” It’s a very true statement!
Finally, what support system do you have in place to achieve the goals on your list? If you do not have a support
system perhaps you should consider who might help you to achieve your goals –
or what you need to put in place to help yourself to keep on track.
So, whether you did or didn’t make any
resolutions at the start of the year, there is no getting away from the fact
that from a business perspective it is critically important to set goals for you
and your company. As coaches, goal
setting is at the core of our work with clients – we do it all the time... and
we always measure the results! It is
important to define your goals clearly and write them down for monitoring and
review - this helps to focus your mind on where your business is going and
where you are in relation to achieving your goals.
If you’d like to know more about how we use
goals – why not give me a call?
Neville Solomon - 074 127 6439
TikVah Business Coach
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