Financial Goal Setting
Do you set goals? Any goals will do, but do you set them?
I set mine monthly at the moment, with everything going on, but usually every 90 days. I write one revenue goal, one systems or process goal, one launch goal and one social media/email list goal. That's it. I don't write 50 goals as I can't achieve them, plus it keeps me focussed. I put them on my computer lock screen so I am reminded of them every morning when I log in.
It is so important to set goals in your business. Time easily slips away and you find you are no further forward than you were 6 months ago. But making sure they are things you are going to work on and can aim for are critical.
When you set a revenue goal, do you just pluck a number out of the air, or take last month's number, or do you look at how that number will be made up? How much time will you be working over the period, what work are you going to do? Breaking down your goals into manageable steps is key to making sure you will...
Dreaming big in your business
What are your dreams? What would financial freedom in your business look like to you? Is it more flexibility to spend time with your kids? Is it being able to do your work from anywhere, including a beach somewhere? Do you want to have a huge business with lots of employees?
I think people don’t think enough about what they ultimately want out of their business for their lifestyle, but this can dramatically affect how much they need or want to take out of their business on a regular basis. It can also affect how much you earn. For example, if you are a mum and want to work less in the holidays, you are likely to earn less (unless you have passive income, but more on that another day).
For me, my dream is to be able to have some of the holidays off and only work 4 days a week in term time. I’m not there yet, but I’m working towards it. I have clear steps that I’m following in order to build my...
