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Category: Business/Career

Entrepreneurs, Do You Know Your Purpose?

Posted on January 22, 2023February 25, 2023 by M Miller
PURPOSE

     The month of January, I have dedicated to the topic of  how to create successful personal and business goals.  We have discussed the importance of why it is necessary and covered the steps necessary to being able to write these goals for yourself and your business.  

The Value of Purpose to the Entrepreneur

     In this blog we will cover the topic of purpose.  As an Entrepreneur it is important to know what your purpose is and how it plays into drafting your goals.  In larger companies they refer to this as their mission statement.  In its simplest form a mission statement is the reason why a company exits.  You may ask how this relates to what I am doing.  Great question (lol), many people become Entrepreneurs for different reasons.  The many reasons vary.  I will give you a few examples.  Some people just need additional income and so this serves as an additional source of income.   Others are employed full time but would like to build their own company to the point where they can become self employed.  There are also some people that want to start a business with the goal in mind to grow that business to eventually take on additional staff and expand over time. For this group the sky is the limit.

These are all great ways to start as an Entrepreneur but the end goal for each is very different.  This is where knowing your purpose comes in. If you know what you are specifically trying to accomplish as an Entrepreneur then your goals must compliment that process.  

     The first step in this process of knowing your purpose is what was mentioned earlier, knowing exactly what you are setting out to do (your mission).  Once you have firmly identified your mission then you can carefully outline your goals.  The next step in the process is to take the goals that you have written and map out a strategy of how to reach those goals.  If you need some additional help in this step, please refer to my blog post titled, How to Make Business Goals.  There you will find additional information on how to make successful business goals.  

     Once you have your mission and your goals carefully crafted, you are then in a better position to reach success.  You are not trying to figure it out as you go along.  You have prepared well.  This preparation is more likely to lead you to success and the intended goal of reaching and fulfilling your reason for becoming an Entrepreneur in the first place. 

The Advantage of Being Unique

I have said this before but it is worth repeating, your reason(s) and goals should be unique to you and your specific business.  It also should be specific to what your mission is.  There are many similar businesses out there but what separates them from the next is that it is not yours.  That is what is referred to in business as a brand.  To further illustrate this, when I go into the supermarket and get ketchup there are many different types of ketchup but there is only one brand that I use. It is what my family and I seem to like best. This is how you position your company for success.

  Over the last few weeks I have covered topics from brainstorming, personal and business success and the importance of carefully planning them.  Purpose is the foundation that all of this is built from.  If you are solid in your purpose then you know the direction that you need to go in in order to reach them.  Your goals then serve as a pathway to lead you to that success.  

Why Purpose Matters

     When you know what your purpose/mission is, it becomes the fuel to push you higher and push you through to reach success. Knowing your purpose allows you to have a place to revisit and refocus your efforts, knowing that there is something more to what you are doing.

So yes, you may not have reached there yet but you know what it is that you are trying to reach.  That is why purpose is so important. Until next week my readers……Continue to….

Live your Dreams out Loud 

How to Make Business Goals

Posted on January 16, 2023March 14, 2023 by M Miller
SMART Goals

Setting Business Goals

     The start of a new year is a great time to position yourself and your company for success by setting goals.  If you have been an Entrepreneur for some time, then you should have some goals already in place.  You can use your existing goals as a foundation to compare and decide what is working and what needs improvement.

     For those who are new to setting goals, I will begin at the foundation of setting successful business goals.

     As an Entrepreneur you determine the purpose of your business.  Once you determine what your purpose is you then need to map out a pathway to lead you to fulfilling that purpose.  That is why setting SMART business goals are very important . 

     In business, goals should be defined using the acronym SMART.  Smart goals refer to a process where  each letter in the word smart has a specific meaning and we will walk through each letter and give meaning and explanation to how to develop a goal behind each letter.

   The first letter S means that your goals should be Specific.  This means that your goals should not be kinda, sorta maybe.  It has to be clear so that you know what it is that you are setting out to do.  The next  letter is M which means how will you measure your progress.  Is there a process you have or plan to put in place in order to measure outcomes during the course of the week, month or  each quarter of the year.

     The next letter is A which stands for achievable.  This means that when setting your business goals is it something you think that you can reach.  The next letter is R which stands for it in line with what the purpose of your business is all about.  The last but not least T which stands for timely are you able to take the goals that you set over a period of time 

     Once you have identified your target areas of focus through your SMART goals. The next step is to organize a plan of how you plan to go about achieving each goal.  I would advise you to customize your SMART goals to your business.   Many times what works for someone else in their business may not necessarily work for you.  

     Smart Business Goals should serve as the launching pad and foundation of your business.  If you take  the time to carefully and strategically set your business goals then they should lead you to a successful outcome.  As an entrepreneur you have the power to set those goals and experience the personal satisfaction of watching your business grow.  

     That in my opinion is priceless.  It also is very powerful. There is no magic formula: you do what works for you and your business and adjust when necessary. As an Entrepreneur you are in a unique position to direct your company towards success and hopefully the information that I have outlined in this blog will lead you to creating business goals that will aid in that success.

Position your Business for Success

     The start of a new year is a great time to position yourself and your company for success by setting goals.  If you have been an entrepreneur for some time then you should have some goals already in place.  You can use your existing goals as a foundation to compare and decide what is working and what needs improvement.

     For those who are new to setting goals, I will begin at the foundation of  setting successful business goals.

     As a Entrepreneur you determine the purpose of your business.  Once you determine what your purpose is you then need to map out a pathway to lead you to fulfilling that purpose.  That is why setting SMART business goals is very important. 

SMART Business Goals Defined

     In business, goals should be defined using the acronym SMART.  Smart goals refer to a process where  each letter in the word smart has a specific meaning and we will walk through each letter and give meaning and explanation to how to develop a goal behind the letter.

   The first letter S means that your goals should be specific.  This means that your goals should not be kinda, sorta maybe.  It has to be clear so that you know what it is that you are setting out to do.  The next  letter is M which means how will you measure your progress.  Is there a process you have or plan to put in place in order to measure outcomes during the course of the week, month or each quarter of the year.

     The next letter is A which stands for achievable.  This means that when setting your business goals is it something you think that you can reach.  The next letter is R which stands for relevant which basically means is it in line with what the purpose of your business is all about.  Last but not least T which stands for timely are you able to take the goals that you set over a period of time. The emphasis is on the word time.

     Once you have identified your target areas of focus through your SMART goals. The next step is to organize a plan of how you plan to go about achieving each goal.  I would advise you to customize your SMART goals to your business.   Many times what works for someone else in their business may not necessarily work for yours.  

     Smart Business Goals should serve as the launching pad and foundation of your business.  If you take the time to carefully and strategically set your business goals, then they should lead you to a successful outcome.  As an entrepreneur you have the power to set those goals and experience the personal satisfaction of watching your business grow.  

     That in my opinion is priceless.  It also is very powerful. There is no magic formula, you do what works for you and your business and adjust when necessary. As an Entrepreneur you are in a unique position to direct your company towards success and hopefully the information that I have outlined in this blog will assist you in creating successful business goals. Until next week my readers…. Continue

Living Your Dreams out Loud

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