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Business Planning series – This video is 3 minutes and 5 seconds long.

Have you got written goals for you & your business?

Are they SMARRRRTIE goals? When you’ve got your personal & business Visions defined, the next step in the planning process is to try to quantify how much your dreams cost.

Once this is done, you can then work out how much profit you need to make to achieve the lifestyle that you want.

When setting goals they should follow these rules:

S – Specific. Woolly, badly defined goals are useless.

M – Measurable. You need to know how close you are to achieving your goal & when it’s been achieved.

A – Achievable. Some people say aim for the stars & you might hit the moon. That’s all very well, but it can be de-motivating to never actually achieve your goal.

R – Resourceable. If your goal relies on someone else, then they need the capacity to be able to get it done.

R – Results Driven. Always aim for a positive result from your goals.

R – Realistic. Fantastically huge goals might inspire people at first, but if they can’t be broken down into manageable chunks then they won’t be achieved.

R – Rewardable. Set up an appropriate sized reward for yourself for when you’ve achieved your goal.

T – Time bound. Make sure your goals have a deadline.

In the next video I’ll be talking about the I & E in SMARRRRTIE.

If you’re a business owner with a team of more than 5 people and you’d like a free 20 minute discussion on how to grow your business then book a call with me on the below button: