beehive search  
     
Home >> Blogs >> Know Your Goals
Beeblog
Subscribe
Know Your Goals
By Viviana Campbell and Merideth Sorrentino
9/15/2008 11:04:00 AM

When you started your small business you had a plan. You went through the requisite list of questions, determined your goals, and then set out to achieve them. Working through the months and years your business went well. You grow a little, gain more clients, grow a little more and things start getting crazy. Somewhere in the process the business gets off track.
 
As small business owners we can sometimes get caught up in the everyday and forget the big picture. When this happens, it pays to step back, refocus, and remember why you started your company. 
Here are some important questions to think about:

1. Why do you own your own business?

Some people start a business to have extra income in addition to their “day job”. Others want to build up a business to pass on to their children. Remembering your reason will help to develop and refine long term and short term goals.

2. What are your goals?

This seems like a simple question, but many of us neglect to set concrete goals. Even more of us never go back to see if we achieved these goals. Set achievable goals (i.e. sales numbers or new accounts) that work within the purpose of the company and can be measured at a specific date.  Always go back and determine why you did or did not hit that goal. This is not always an enjoyable process, but it is valuable for the success of your business.

3. What is your exit strategy?

You may just be starting your company, but you should always think about how you will end the company. The exit goal will affect the way you set up and run your business. There are many great articles that will help you determine your direction. Determining Your Exit Strategy, by Michael E Gerber

4. Be true to yourself.

No, it is not a question, but it is still important.  Small business owners get a lot of advice on how to run their business. Your friends, family, and others will give you tips on sales, marketing, product production and more. I benefit daily from the advice, experience and knowledge that I have gained from talking with other, but in the end it is YOUR business. No one knows your goals or purpose better than you.

If you ever feel frustrated, get re-inspired by reading about these other entrepreneurs … What Inspires Others to Start Up? By Tamara Monosoff


Currently rated 0 by 0 people

Tags: goals, small business, entrepreneurship
Categories: Entrepreneurship

Subscribe:  Email | RSS  

Comments:

 
On Monday, September 15, 2008 Petra Geiger wrote:

Well said Viviana and Merideth! With a clear set of goals and a sort of road map in place you can save yourself alot of time and expense in the long run. It helps you stay focused and spend your dollars wisely.


Petra Geiger | Petra@beehiveco-op.com


   
 
Write your own comment
 
  Your name (required):  
   
  Your email address (required):  
     
  Your website address (optional):  
   
  Submit a Picture No larger than 250kb (optional):  
   
  Submit a Video from a URL
Ex. http://www.youtube.com/v/wePMYM4av6Q&hl=en (optional):
 
   
  Your comments (required):  
   
   
 
 
 
Include comments
Tag Cloud
"setting the table" A. Fine Shirt Alabama Chanin Alabama community americas mart announcing Beehive Co-op Cincinnati artisinal garments Beau Beaux Inc. BeeBlog Beehive Beehive Co-op Beehive Co-op New York Beehive on Wheels Beehivers books books on CD business issues buying locally Charitable computer recycling computer refurbishing copycat designs copyright copyright forms costs craft Craft Fairs craft show guide craft shows creativity customers design entrepreneurship Designer Dunwoody Georgia eco living ecofabulous eco-friendly education e-mail engaging the customer entrepreneur entrepreneurship event marketing events e-waste expression Festivals focus gift shows Giving goals green business Halloween handmade Handmade Goods happy new year Holiday Season homemade costumes hospitality Independent Designer Indie Fairs inspiration Iram-Inal Design iram-inal designs Karen Meyers Handbags Kitchen Communication local business local enconomies low-impact marketing marketing materials Marketplace Natalie Chanin office supplies Olaria Studio pampering Peer-to-Peer protecting your designs publishing programs recession recession of 2008 recycle relationships Retail Retail Sales Rinse Bath & Body Rinse Handmade Soap sales materials Selling in Marketplace sewing skill share small business sustainable business sustainable growth Sweet T Baby Throwing Stars Jewelry time management trade show components trade show display trade show materials trade shows upcycling value value in business Wholesale wholesale sales wholesale show Wholesale Trade
 
Recent Posts
Once a List Maker Always a List Maker
  Comments: 0
  Rating: 0 / 0
Happy New Year!
  Comments: 0
  Rating: 0 / 0
The Gift of Giving... Handcrafted Style
  Comments: 2
  Rating: 5 / 1
Season's Greetings
  Comments: 0
  Rating: 0 / 0
End the season on a high note!
  Comments: 0
  Rating: 0 / 0
A Well Deserved Holiday Break
  Comments: 0
  Rating: 0 / 0
It's Cold here in Georgia
  Comments: 2
  Rating: 0 / 0
Don't forget to take care of yourself...
  Comments: 0
  Rating: 5 / 1
My Journey into Wholesale Shows - Step Two - Promotional Materials
  Comments: 2
  Rating: 0 / 0
Giving Thanks
  Comments: 0
  Rating: 0 / 0
 
Recent Comments
The Gift of Giving... Handcrafted Style (2)
cyndi wrote: oh...and I found your ad on Facebook, in case you ... [More]
The Gift of Giving... Handcrafted Style (2)
Cyndi wrote: Very interested in exploring your site some more- ... [More]
It's Cold here in Georgia (2)
Alex wrote: Not sure if you recall... we met a few weekends ag... [More]
My Journey into Wholesale Shows - Step One (1)
freshie wrote: I bit the bullet and bought the foam core walls - ... [More]
My Journey into Wholesale Shows - Step Two - Promotional Materials (2)
Freshie wrote: Thanks for the tip on the catalog printer! I had ... [More]
It's Cold here in Georgia (2)
Petra Geiger wrote: Those are some darn cute bags I see! Thanks for po... [More]
My Journey into Wholesale Shows - Step Two - Promotional Materials (2)
Michael B wrote: promo items like postcards and even business cards... [More]
Know Your Legal Rights to Your Designs (2)
beth wrote: I need to copyright my design too. I look forward... [More]
Know Your Legal Rights to Your Designs (2)
amy wrote: hey girl! i totally understand what you are saying... [More]
Happy Hallowen! (1)
Kristina wrote: these pictures are so cute! i so remember getting ... [More]
 
Archive
2009
 January (1)
 
2008
 December (7)
 November (9)
 October (11)
 September (9)
 August (0)
 July (0)
 June (0)
 May (0)
 April (1)
 March (0)
 February (1)
 January (3)
 
 
Authors
Amy McClure (2)
Erica Jong (3)
Heather Swanepoel (5)
Karen Meyers (6)
Kristina Hjelsand (5)
Malene Davis - iram-inal designs (5)
Merideth Sorrentino (2)
Petra Geiger (19)
Viviana Campbell and Merideth Sorrentino (1)
 
Categories
Designer Connection (8)
Entrepreneurship (18)
entrepreuership (2)
Fabulous Find! (0)
Peer-to-Peer (20)
Sustainable living (8)
 
Blog Roll
No Blog Rolls Available
 
Shopvisible
ECommerce Solution