Key Principles For All Entrepreneurs. Nishant Baxi
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will see, each of the decisions you make as an entrepreneur will affect your overall goal of being successful with your business. Yet, there is more to it than just that.
You should also set goals because they can help you to make the right decisions throughout the process of getting to the level of success that is coming. By investing the time and energy that you have in setting goals now, you help yourself for each decision it takes to reach the end result you are hoping for.
In other words, if you set some overall goals today, you can help insure that your business will be there and be prosperous throughout the future of the business. Goals now, count.
While we all have the same goal of finding success in the future, we still need to set goals to help us to get to that point. It doesn’t happen overnight!
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How To Set Goals Successfully
When it comes to setting goals, there are not many of us that are very good at doing so. There are plenty of opportunities for mistakes to be made, but the real problem comes in how we set them as well as what we do once we set them.
For starters, it is essential to know what your goals are. Take a few minutes right now to figure this out. Simply sit down with a blank sheet of paper (yes, you can use your computer too!) and avoid all distractions for ten minutes.
Write down anything and everything that comes to your mind in regards to your goals.
What are they?
Where do you want to be in a year?
Who do you want to have with you?
Where do you see your business in five years? 20?
What dollar amount of sales will make you happy this year? What do you need to make in profits to reach a new level of satisfaction each year?
All of these things may be things to spark your mind. Determine where your business will be within the next years. Look long term for starters. Then, follow these tips.
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Goal writing is made easy through some basic steps.
– Write down your longest term goal. This is the place that you want to be in a number of years, or the place you need to be to be as successful as you plan to be.
– Give yourself a time frame for making that happen. You may want to say that you want to make your first million in two years. Or, it may take many more for that to happen. Giving your goal a timeframe helps to get your mind set in how to make that happen. If you leave it open ended, the long term goals are not benefited by your actions each day, as they would be here.
– Give yourself smaller goals to reach as steps up to the larger one. For example, the new entrepreneur may be able to say that he wants to be in an office, set up and running within a month’s time. In six months, he plans to be running into profit, after expenses have been paid down. Determine what your steps are to reaching your goal. Make sure that you write them with time frames attached too.
– Now, write them by hand on paper in the following manner. «Within six months, I will have paid off all debt that I owe and be running in the clear. I will do
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this by pushing sales and not pushing any new expenditures during that time.» In this manner, you have listed not only what the goal is and the time frame to have it done, but also how you will get there.
– Take this piece of paper and place it everywhere and anywhere that you will see it at least several times per day. Seeing it will allow you to think it. Thinking about it makes it happen. Success through goals is the only way to find it.
Now that you know what your goals are, it is essential for you to make sure that they do happen.
You will need to read those goals each day, at least one time per day. When you think it, see it, feel it, you make it happen.
Throughout the next chapters we will discuss what long term decisions you need to make as well as what various things you need to do to make them happen.
When you go through each step, determine your goal for it. How will you implement it into your current work day and how will you insure that it will happen?
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Chapter 3: Growing And Staying Green
When you are green, you are growing. Once you start to turn red, you are expiring. Don’t you want to always stay green then?
As an entrepreneur, one thing that you should realize is that the world never stays the same. You are, for the most part, always going to find some changes happening. As a business owner, if you can not adjust your business to those changes, you may find yourself facing more problems then benefits.
Many companies have had to go out of business simply because their product no longer works with what the consumer needs. It does not matter what type of business you have either. The bottom line is that if you are not green and growing, you are not going to make it in business for long.
Is your business green and growing?
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The Long Term Goal
The long term goal of any business situation is to insure that they are able to meet the needs of the client or consumer. If they can not do this, they can not have consumers and will eventually fall out of the scope. If they do happen to do this, they will find rewards continuously with increased profit and new customers to fill their pockets.
In this case, the long term goal that you need to make is to maintain green. You need to maintain some aspect that will continuously help you to move forward with what is happening within your business.
If you are not sure why this is important, take for instance, the current situation.
Enter The Car Manufacturing Business
Today, we hear quite a bit of talk about energy cost, the cost of gas and all that goes with it. In fact, today, more people know what the cost of a barrel of crude oil is than they ever have. Why is this; and what does this do for the industry?
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If you haven’t spent any time shopping or a car, you may not realize that many manufacturers are struggling to stay in business. Their problem is that their cars, trucks or anything in between are not able to meet the demands of the consumer.
Why not? They may not be able to offer low enough mileage. With each passing year, more and more consumers are looking for a better way to fuel their energy needs. That comes in the way of cars that are hybrids and those that do not run on gas at all.
In these cases, if the business can not meet the needs of the consumer, how can they run effective businesses?
They can’t and that is the same thing that can happen to virtually any business out there. Unless your business can be green, growing and exploring new routes to take, it can not meet the needs of the consumer who is, of course, the lifeblood of the business.
How To Do It
The question that you need to ask yourself, then, is what do you need to do to make this happen in your business?
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Let’s say that you have an internet business. Perhaps one of the important things that you must do is keep up with search engine optimization.
If