How do you set and manage goals for your business?

September 28, 2015
5 minutes read

This week we’re featuring guest blog posts from the Collaborich Conference, taking place September 30 to October 2, 2015. This is the fourth post in the “Financially Free Entrepreneur” series.

We can’t budget and manage our money if we don’t make any. And how do we make it? By setting goals. Our lovely #Collaborich entrepreneurs chime in on goals today.

—Stephanie, a.k.a. The Millionista Mentor, founder of The Collaborich Conference.

“I have rolling-goals where I am reviewing goals from past 30 days, what worked and what fell short, taking action on the current 30 days goals, strategically goal planning for the next 30 days (60 day mark) and identifying opportunities for shift and growth for the following 30 days (90 day mark)”—Stephanie Melish, Sales Strategist

“We craft short and long term goals, going anywhere from one month out to one year to three years to five years. Those goals may evolve over time based on our successes and failures, but we practice honest, self-awareness when it comes to our business, its financial situation and where we want to end up. Visualizing the end goal helps us make well-structured decisions today. Without a clear picture of where we are headed, we’d run the risk of making hasty decisions that might look good today but be dangerous tomorrow. Having a strong accountability partner in a well-matched business partner means we both have the opportunity to consider our decisions and ideas, and honestly provide feedback that keeps us both on track. Our primary goals are personal in nature – focusing on the life we’re aiming to create by developing a small business that we control. Keeping those in focus is a must. Then the business goals come second. Any decisions we make are carefully weighed against the impact on our personal lives, the lives of our families and otherwise, and those that don’t positively impact our personal goals, even though they may be profitable for the business, are tabled. Learning when to say no is a powerful skill every small business owner must possess.” —Katy Blevins, The Modern Femme Movement

“I’m still working on this…

I used to be pretty complacent with goals. I just figured if I knew what I wanted in the long-haul then that was good enough. These days I set 90 day goals and break them down into achievable chunks and processes so that I can make sure I reach them.

So far? SO good!” —Jill Stanton, co-founder of Screw the Nine to Five

“I always set the bar high for myself. However, I am pretty practical and analytical. When I set my goals, I look at the big picture — what can I competently accomplish without burning myself out or going crazy. I take a look at my time vs. my products and what’s realistic. Once I have that bigger picture view, I always give it a little stretch. I feel that we should always be stretching and challenging ourselves, but not to the point of exhaustion or burnout.” —Jenn Scalia, Business + Visibility Coach

“Whenever I set and manage goals for my business I always start with the end in mind and reverse engineer to the smallest step that needs to be taken. I set 90 day business and life goals and then chunk them down into weekly and daily goals. I also set a goal for 18-24 months, anything further than that I do not set. As far as my weekly and daily goals I try to be easy on myself as I can be a go-getter and have a type A personality and could easily put 30 things on my to-do list but I have learned this is not alway effective so for the week I list 3-5 major things I want to get accomplished and then for my daily goals I list out 3 things each day that I want to accomplish and this has increased my focus and productively tremendously.” —Kelly Lynn Adams, Business & Life Coach

“I build a roadmap of what I’m attempting to accomplish, develop specific milestones, and then create measurable, achievable and time-bound tasks to accomplish those goals.” —Juliet Turlaski, Personal Development Thought Leader

“On the first of the month, I set monthly goals for my business with a minimum, stretch, and super stretch target. I set goals that are just a bit beyond what I made the previous month. In that way I always keep stretching.
I started with small goals and they are getting into the five figures. Knowing that they are little out of my comfort zone and realizable really motivate me. This works way better than saying a BIG goal, which I can’t meet. I used to do that all of the time. I just ended up being discouraged.” —Nathalie Guerin, Law of Attraction Specialist

“I love goal setting. I like to set goals that push me outside of my comfort zone because I know that they will propel me to the next level.

I believe that being as specific as possible with help me reach my goals quickly. I plan out my goals in the month of September (the new January). I use a good old fashion planner and Google sheets to map out and keep track of my goals. My google sheets is filled with all of my projects for the year and launch plans. I also schedule reminders on my calendar for my projects from start to finish. Once I have a plan then I can delegate different parts of my projects to my team. My team has played a big role in my success.” —Fabiola Giordani, Branding Consultant

“Goal setting is a big deal in my business. The goals that I set for myself are usually never too distant in the future. I usually have one big goal every quarter, as well as monthly goals. I am very methodical with everything that I do. So once I have my goal in sight I then make a list of the action steps that I need to take in order to reach my goal, set a day to complete them, and then I take action. I also record all my results along the way, so that I can see what worked for me, and what not to do the next time!” —Maria Hinton, Prosperity Coach

“I am a goal setter and getter. It’s something I’ve really mastered and work with my clients on as well. Your brain cannot process goals properly for achievement if they’re longer than 90 days. Anything longer than that is what I call a vision (which is still really important to set). I set 90 day goals, then I break it down again into months, weekly intentions, and then every day I set my MIM (most important mission) that I am going to accomplish to move me closer to achieving my 90 day goal.

To-do lists are overwhelming, and the work for your business will never be “done,” so setting your most important mission each day will help you stay focused and know that if you’re taking one step forward everyday, you’re moving in the right direction!” —Adrienne Dorison, Success Strategist & Money Mentor

Here’s a goal: Join these radically successful female entrepreneurs at the Collaborich Conference. Grab your free VIP seat right here:

By Sara Rosenfeld

The information and tips shared on this blog are meant to be used as learning and personal development tools as you launch, run and grow your business. While a good place to start, these articles should not take the place of personalized advice from professionals. As our lawyers would say: “All content on Wave’s blog is intended for informational purposes only. It should not be considered legal or financial advice.” Additionally, Wave is the legal copyright holder of all materials on the blog, and others cannot re-use or publish it without our written consent.

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