ODR News

Welcome to Odr news

Nature

Business Goals - The 10 Commandments


The Ten Commandments of Goal Setting
While it's good to set goals and work them into a proper plan, the fact is many people succeed in business without setting any goals. Be careful not to set your goals too high. You should have goals that are achievable, otherwise frustration will set in and you are more likely to give up.

There are certain features or strategies that you can build into your goals resulting in success.

Some of these are set out below:

  • Thou shalt have a Vision.
    You need to have a vision. As the saying goes; "Without a vision the people perish." Everything starts off with a vision. The great sky scrapers we have, the enormous business that have been built, the amazing inventions that are being used and the race to conquer the moon all started off with someone having a vision.
  • By vision we don't mean airy-fairy dreams in the night or other 'fluffy' type pictures or voices from beyond. A vision arises either from a realisation that there is a need for a particular product or particular service or from something that you have been passionate about for a long time or simply from a good idea.

  • Thou Shalt Always Plan.
    Sit down and plan starting with the end result that you want to achieve and then work backwards. If your goal is to develop a new type of machine then work from the end result you want to achieve, working your plan backwards, starting from the design and financing stage. Always have a plan. Measure your plan against the actual development of the project from time to time.
  • Thou Shalt Account.
    Look around and work with others. Listen to other people's ideas and suggestions. Talk to those who have expertise in the area that you are getting involved in. Make yourself accountable to someone else or another group and work frequently with them to assess how your project is developing and if necessary, make changes along the way. It is easier for you to measure your progress if you have a team involved. Even though you should always make the final decision, make sure you have a team you can discuss these things with and listen to before going too far down the track.
  • Thou Shalt Stay Confident.
    Be confident in yourself and your ability. Don't set yourself goals that your heart tells you are unreachable. Many people make resolutions only to fail within a few weeks of making them. If your goal is to develop your business to a turnover of $1million a year then believe that you can do it. If your goal is to be healthy and fit, then imagine yourself exercising every other day.
  • Thou Shalt Work with Others.
    Make sure that you secure the services of other people to help you. Don't be a lone ranger and try and attempt everything yourself. It is always good to have a mentor or business coach handy who you can use as a bouncing board. Don't try to complete your goals on your own. Look for the support and assistance of others at all times.
  • Thou Shalt Have Good Recordkeeping.
    You need to keep good records. If you are in business make sure that your paperwork is clean and clear and that the system you have in place recording all transactions is adequate for the task. Even though there is extra time involved, it is imperative that you ensure good records and your paperwork is detailed in every way.
  • Thou Shalt Be Realistic.
    Set yourself goals that are not only achievable but are realistic. If you think we can achieve $200,000 a year in extra sales then it is better to achieve that and increase it to $300,000 dollars than to set the goal of $300,000 and achieve only $200,000. Most people feel they have failed if they do not achieve the goals set down in their plan.

    It is best to set a goal a little above what you believe you can do so you are challenged. If you would like to achieve $500,000 worth of sales in the current year then aim for $750,000 in your plan. If you miss your planned goals and only achieve $500,000, you have in fact succeeded. If for some reason you achieve $750,000 then you have exceeded your minimum expectations and can rate yourself as being very successful.

  • Thou Shalt Be Enthusiastic.
    Be passionate and excited with what you are doing. It is amazing what passion can do. There is no more powerful force that will motivate you to succeed then having passion within yourself. It is really hard work all the way if you are not passionate.
  • Thou Shalt Enjoy and Balance.
    Try and enjoy what you are doing. Try and enjoy the thrill of working to achieve your goals. Balance your life so its not all work. Make sure there is some play. A balanced person in business will achieve far more than someone who is focused totally on the business side and other things while ignoring friends, family and other activities. Too many people work late into the night in their office rather than closing up at 5 or 6 pm and having some fun. It is easy to get jaded and lose motivation if your only environment is around business affairs.

    The enjoyment of family and friends and other associates or experiencing sport and other activities will give you a fresh lease in life so that when you return to the office to do business work the benefits from the other activities will definitely kick in. There is nothing wrong with taking a break and having a change from time to time once you feel things are going tough or your creativity is drying up.

  • Thou Shalt Never Quit.
    Don't ever give up. Sometimes things get a little difficult. Sometimes achieving your goals is just over the horizon. Many people give up just when success is close. Make sure you keep bringing yourself back to the reasons why you set up in your business or looked at achieving your goals in the first place.

    If for some reason you don't achieve your initial goals - don't give it away. Make adjustments to your goals and start afresh. There is nothing more powerful than the human spirit. It is amazing what you can achieve when you set your heart on it. The old saying is "If at first you don't succeed, try, try again." We can learn a lot from this.

  • Copyright 2005 StartRunGrow
    www.startrungrow.com">http://www.startrungrow.com

    StartRunGrow (www.startrungrow.com">http://www.startrungrow.com) is a global online information organization that specializes in creating, developing and marketing business help information specifically with the aim of "making business easier" for entrepreneurs around the world. The StartRunGrow objective is to become a dominant player in the business help arena providing end to end solutions for the millions of small and medium businesses worldwide who continue to struggle daily with the difficulties of starting, running and growing a successful business.

    RELATED ARTICLES


    The Top 10 Reasons Your Staff Wants to Quit
    From an employee's perspective, management often conducts itself in ways that make no sense. When the economy is slow, jobs are few and far in between or people are fearful, staff will tolerate management behaviors and policies that are nonsensical (in their eyes) or they judge are harmful.
    Ten Ways to Manage a Rapidly Growing Business
    While some new business owners face the issue of not enough customers, others face the issue of too many customers/clients. Both are serious issues and must be dealt with carefully.
    10 Things To Do When Business Slows Down Over The Holidays
    I'm sure you've seen it happen every year: your business slows down during predictable times, like the summer vacation months or year-end holidays. For the self-employed who rely upon steady cash flow, this can be a disconcerting time.
    7 Tips on How To Prepare for Business Events
    Are you scratching your head after business events wondering why you aren't finding prospects? Whether it's your first or 100th event, here are some tips on how to prepare for your next event that can make the difference between scratching and smiling. These tips will help you save time, money, create memorable impressions, and increase connections.
    10 Dos and Donts Of Customer Services
    Email etiquette is the key to help calm down anxious and impatient customers. People assume that once they press the "send" button that we will get everything sorted out in an instant! Of course we all know that this is not an accurate representation of how things work.
    No More Lists To Remember
    Are the endless lists of Top-7's and Top-10's taxing your brain and your memory? Do you ever feel like trying to keep all these ideas straight, let alone apply them properly at the correct moment in time an overwhelming chore? How often do you find yourself having to review these lists? Perhaps endlessly until the next list comes out and then it's back to square one again.Wouldn't you rather live, work and be spontaneously effective, without having to pull out your "how to" lists? Just imagine for a moment beng able to live this way.
    7 Ways To Make A GREAT First Impression!
    1. Focus on the other Being known as a 'natural' at interpersonal communication is not just a gift that a select few enjoy.
    7 Online Banking Success Stories
    You have seen their ads and you may have wondered if they are worth a second look. What am I talking about? Online banks! Also known as internet banks, these are financial institutions who provide the majority of their banking services over the internet.
    11 Things Small Business Owners Can Learn From Star Wars
    1. Great Things Take Time - Three years passed between the release of each movie in the two trilogies, and a lot of work went in to them.
    Checklist for Hiring a Private Investigator
    Looking for an old friend? Want to know if your spouse is cheating? Need to check out a potential tenant or employee?A good private investigator (PI) can help you obtain these answers. And as with any expert you hire-a doctor, a lawyer, an insurance broker-it benefits you to take the time to ensure you're hiring a professional who has experience, quality reputation, and good-business ethics.
    The Seven Secrets of Top Performers
    Let's put to rest the fallacy that success, in sales or any profession, is due to luck, chance, and/or hard work. There is nothing further from the truth.
    Business Meeting Etiquette
    Business etiquette is essentially about building relationships with colleagues, clients or customers. In the business world, it is these people that can influence your success or failure.
    How To Take Daily Big Rock Actions To Jumpstart Your Business Into Massive Momentum
    Do you know exactly what actions you need to do today to be on track to reaching your big, long-term goals?Do you know which actions should be done first to make today a success?If not, don't worry about it right now. By the end of this article, you will have the tools and techniques you need to answer a confident YES to both these questions.
    Event Planning: Seven Best Practices Successful Planners Use
    Do you plan events for the corporate world like product launches, conferences, seminars, etc? If so, check out these seven practices of successful event planners.It's easy to dismiss these points thinking they're trivial.
    7 Secrets to Writing Inventory Procedures
    What would You do with $1,000,000With $1 Million would you:? Pay off debt?? Purchase new equipment?? Invest/save for the future?? Give yourself a bonus?$1,000,000 Waiting in the WingsWhat do you and your business need that you have been putting off because you don't have the money today? $1,000,000 certainly would fill those needs. But where do you find $1,000,000 just lying around your business right now? Well, you probably have $250,000 in each of four areas in your everyday business, and you don't even realize it.
    Top Ten Reasons to Write a Sales Letter for Each Product? - Part 2
    Authors/publishers are great at getting their books written. Entrepreneurs know their products.
    7 Reasons You ARE Your Own Best Product, or Lessons From the 2004 Presidential Election
    The 2004 election is over--at least in the minds of the public--and analysis runs rampant as to why Senator John Kerry lost. From a business viewpoint, one could say that he simply didn't sell the product.
    Ten Top Performance Management Tips
    Talk to Your People Often By building a great relationship with your people you will bring trust, honesty and information. This gives you a head start in Performance Management of your people.
    Reminders For Running A Better Business
    The following tips are from an article we contributed to Compute magazine. These are ideas that we all should know, but many times forget.
    Ten Tips For Staying Connected While Working Alone
    Ten Tips for Staying ConnectedMany of my business clients tell me that what they missed most when they started their businesses was the camaraderie of an office setting. Small businesses often start with the owner as the only employee.

    Comments   0