#2 Set Goals

Goals are a very important part of making a business plan.
Set two of them: A) Short Term
                            B) Long term
Short Term:

Set goals you plan on achieving or would like to achieve during your fiscal year.
You can choose Jan-Dec as your year if you wish, just ones personal preference.
These goals may include:
                                 Your sales  goal
                                 Vacation
                                 Getting your credit score where you want
                      
Something that is obtainable but yet still motivational, allowing you to go beyond the limits of reaching it.

Note: If you set your yearly goal too high, you may be setting yourself up for failure, AND
if you do not set your goal high enough, you may be setting yourself up for failure.
Set your goal to what you feel, is possible to reach, yet still holds a challenge to do it.

Long Term:

This goal is important, it keeps you grounded and focused on the long haul.
It is your ultimate plan on where you plan to take your business.
You can set this up however you want to achieve the long term goal, or place increment long term goals.
Personally the 5 year increment goal works for me.

A 5 year example may include this:

                                  Buy a house
                                  Have 100K in savings
                                  Kids college fund completed
                                  Dream vacation

You may even want to set a goal to pay off your mortgage in 15 years instead of 30 years.

Be creative, get crazy, and make it fun. When your goal plans are done, post on your wall,
computer, refrigerator, or anywhere else that forces you to see it everyday. Being reminded of goals will help your mind stay focused on the tasks at hand.

My next blog #3 we will look at structure. How is my business going to achieve these goals?