Setting Your Business Goals For 2014 and Beyond
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The document provides guidance for setting business goals for 2014 and beyond, emphasizing the importance of goal setting for success and growth. It outlines actionable steps, including developing timelines, monitoring progress, and identifying milestones, while recommending specific metrics to track achievements. Additionally, it highlights the difference between effective and ineffective goals, underscoring the necessity of achieving measurable and inspiring outcomes.
Setting Your Business Goals For 2014 and Beyond
- 1. ! Setting Your Business Goals For 2014 and Beyond Live Session ! Date: Jan 22, 2014 ! Time: 11am PT/ 2pm ET
- 2. Why every Veg Professional needs goals for their business ❖ Pioneers; Establishing New Markets; Alternative To Status Quo! ❖ Future Fundraising: Document your business’ growth story! ❖ Bootstrap Approach Relies On Repeat Success & Avoid Similar Mistakes! ❖ Goal Setting Increases Business Success Rates
- 3. The impact goal setting can have on your business • Once Consistent Vision! • Delegate Task & Projects! • Leverage Your Team’s Creativity! • Productive Team Meetings! • Avoid Distractions! • Evaluate New Ideas Against Goals! • Track Resource Allocation! • Prevent Common Mistakes! • Identify Success Stories - Rinse/Repeat
- 4. Goal Setting Process Monitor Monthly ❖ Team Meetings Create Milestones ❖ Metrics To Track Build Goal Tracker ❖ Tool To Manage Set Timelines ❖ Start & End Dates Develop Action Plans ❖ To Do List Identify Goals ❖ Brainstorming
- 5. The Planning Process ❖ Clear Visibility! ❖ 1 Goal Per Quarter! ❖ 90 Day Action Plan ❖ 3 Month! ❖ 6 Month! ❖ 12 Month ! ❖ Monthly Milestones ❖ 3 Year Planning! ❖ Building Blocks! ❖ Quarterly Milestones Newbie Average Advanced 2 Hours 4 Hours 6-8 Hours
- 6. The process to set goals for a small business Growth Customer Community Profit Customer Experience! Product Options! Repeat Customers Expansion! New Target Markets! % Donations! Sponsor Events! Sample Giveaways Add’l Revenue Options! Expense Management! Average # Of Goals Per Year : 3-4 Newbies; 4 to 6 Everyone Else
- 7. The difference between good & bad goals History/ Database! Benchmark! Swag It Boring or Feel Like Large Projects! No End In Sight! Unobtainable - Requires Luck! Personal Project (not relevant) Achievable & Inspiring Impact On Your Business Includes A Metric/ Number! Motivation (Hard Times)! Fix Issues/ Pain ! Internal/External Influence Measurable Change! External Impact! Swag It
- 8. How to translate goals into action 5 Action Steps Needed To Completed Each Goal Achievement! (Why) Goal! (What) Timeline! Start/Stop Milestone Action Steps! (How) Work with more clients 20% Increase In Client Consults Per Month March 31 30 inquires or form sign ups per month - Build Target List! - Contact Previous Clients Move sales from retail store to online to increase profits Increase Average # Of Daily Website Sales To 20 Per Day! October 31st (Before Black Friday) Increase in website traffic by 40% - Monitor Traffic and Conversation ! - Shopping Cart Reminder Recurring Revenue Source Establish an online training program generates $500/mo Ongoing Program - Aug 30th Pilot Program ! (30 Participants)! May - June - Identify Most Common Questions! - ID Target Customers Support Local Non- Profits & Organizations Donate $500 To Local Animal Shelter per Quarter First Donation - April 15th Generate 5% Additional Income Each Month - Determine Income Source! - Choose Org
- 9. Tools For Tracking Goals Task/ Action Item Status Progress Notes Not Started 0 On Schedule 50% Delayed 75% Complete 100%
- 10. Tools For Tracking Goals Progress Tracking
- 11. Tools For Tracking Goals Task Tracking Track To Do’s! Discussions! Embed File! Shared Documents! Calendar View