Setting Achievable Goals
Alongside a vision statement, one of the key steps to maximise the opportunity for success of any small business is to create strong and well-planned foundations. These foundations are built upon goals set across all aspects of the business and for all team members.
I have found that the time and energy invested in goal setting will pay off in the way your business operates and in the performance of the team. The results can be dramatic and measurable with increased productivity and profitability.
In order to extract these benefits, it is important that business owners understand what goal setting actually means. It’s about undertaking a process to establish what you want to achieve from the business and then developing and implementing a plan that enables you to accomplish it. All the while ensuring that you have systems in place that keep you accountable to achieving those goals.
In that regard, I meet with my clients either weekly or fortnightly to help keep them accountable to their goals. We also review where they are up to against the overall plan on a quarterly basis.