It’s always shocking how quickly the year passes, and yet another year has come and gone! With 2015 coming to a close there is no better time than now to look back and reflect on all that you have accomplished throughout the year, and to learn from what you’ve done. Yet, somehow, as the year progresses some of our goals lose momentum and we find our goals turning into something of the distant past. This year, instead of letting your goals fall to the wayside, make them happen!
Here are some useful tips that will benefit you and your business by helping you reach your goals for 2016:
1. Reflect on the Past Year
This task is easier said than done, but looking back on where you started and how far you have come is a very important part of setting goals for your business. Some questions to ask yourself are:
- Did you meet your previous goals, and which ones were successful?
- What goals didn’t get accomplished? Is that goal still relevant?
- Where do you see your company in 1 year, 3 years, 5 years?
- What areas of your business need improvement?
2. Set SMART Goals
Creating goals that are SMART help turn your vision into bite-size pieces that are easier to achieve. The elements of SMART goals are:
Specific: What do you want to achieve in your area of focus? Your goals should be simplistically written and clear, defining exactly what you want to do.
Measurable: You need to have a way to quantify (numerically or descriptively) the progress and completion of your goals.
Achievable: Once you figure out what goals are most important to you, begin to figure out ways to make them come true.
Realistic: Your goals should always stretch you but they should represent an objective toward something that you are able to complete.
Time Bound: When do you want to achieve your goal by? Every goal you set should have a date and time attached, giving you a visual target to hit.
3. Don’t Let Failure Get in Your Way
“I have not failed; I’ve just found 10,000 ways that won’t work.”- Thomas Edison
You have made it this far, starting a small business and getting it on its feet is not an easy task. There will be failures along the way that may cause you to rethink your strategy or change the direction of your business, but use these failures as a way to grow and learn.
4. Make Better Use of Technology
It’s amazing how many free tools exist at the tip of our fingers that can help you save time, leaving you with more time to focus on your goals. If you are like most people today, you probably have a smartphone but might not be getting the most out of it. Make sure to start asking around to see what products other business owners are using. Here are a few we recommend using if you haven’t already started!
Mint: Personal finance & money they make it easy to manage your cash flow, budget and bills in a single dashboard.
Expensify: Expense reports that help you keep track of receipts, mileage, and business travel creating expense reports quickly and easily.
Dropbox: Helps keep your files safe while making it easy to access and share your files anywhere with whoever you want.
5. Take Some Time for Yourself
Don’t let yourself run out of juice! Entrepreneurs are often celebrated for wearing multiple hats and working long hours, but the importance of taking time for yourself should not be understated. Although it is easy to fall into the trap of overdoing it, taking some time off can bring new life and energy to you and your business. Research suggests that time off increases productivity and innovative thinking, allowing you to come back feeling inspired, energized and focused.
It’s not too late to turn your goals into a reality. Finimpact wants to help you meet your goals for 2016. Check out some of our exclusive offers to help your business flourish.