SMART Goals & Determination To Achieve Your New Business Goals

Remember, what you get by reaching your destination isn't nearly as important as what you become by reaching your goals - what you will become is the winner you were born to be!

Things to get known before setting up a business:[/b][/b]

  • Have enough capital
  • Infrastructure setup
  • Protecting your assets
  • Start with clear policies
  • Market yourself
  • Determine if the type of business suits you.
  • Use a break-even analysis to determine if your idea can make money.
  • Write a business plan, including a profit/loss forecast and a cash-flow analysis.
  • Investigate business financing.
  • Check the availability of your proposed business names:
  • Obtain state licenses, such as specialized vocation-related licenses or environmental permits, if necessary.
  • Obtain a local tax registration certificate
  • Obtain local permits, if required, such as a conditional use permit or zoning variance.
  • Obtain Insurance
  • Determine what business property requires coverage.
  • Contact an insurance agent or broker to answer questions and give you policy quotes.
  • Obtain liability insurance on vehicles used in your business, including personal cars of employees used for business.
  • Familiarize yourself with common business deductions and depreciation.
  • Know your Strengths and Weaknesses
  • Choose your Market
  • Choose your Offering
  • Promote Yourself
  • Price it right
  • Build a Support Network
  • Build Your Web Site
  • Train Continually
  • Delight Everyone
  • Conduct a survey

Plan carefully for any environmental, health or safety issues that have an impact on your business.

Select a location. Schedule any needed improvements to the physical space. Arrange for service providers, including office maintenance, courier and shipping services, and security.

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With all of the above points also set new goals those which are specific & SMART the reason why it’s better to set SMART goals as opposed to vague goals is because SMART goals force you to really think the goals through and, in the process, make you come up with your plan of action to complete the goal. I look at vague goals as things that you hope will happen, while SMART goals are things that you will make happen.

Determine the most effective marketing strategies and add them to your routine business tasks.

It’s finally time to jump on the bus! Read up or talk with someone about the best way to add in social media. Proper planning at the start will help you save time and create an integrated content strategy that is more effective.

Now’s the time to make all the edits, optimize your pages, add in that blog, set up an affiliate program and put all the latest social media widgets to your site. Best advice is to make up a wish list of what you want and get quotes. Sometimes it will be more efficient to redo the site into a content management system.

Take a critical look at the services or products you are offering and eliminate those that are draining your resources and not adding to the bottom line. This may not be overnight.

Automate and build systems – Look at what tasks you do on a daily, weekly and monthly basis. Try to turn these into regular procedures that can either be streamlined, automated or delegated.

A goal doesn't have to be sweeping to be valuable; small goals are worth working on, too, because they can lead to big changes.

However setting up new business isn’t the only thing you need to put in hard work over years which will help you achieve your goals over the long term.

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