Set SMART Goals
The business plan describes how the business idea is to be realised. The basis for what you decide is your goal, both short-term and long-term.
These include when a product or service should be launched (presented), how you should market the service or product, how many products you can sell or how many services you can perform, what your finances should look like and how you can work sustainably.
The goals you set within each area of responsibility should support the company's overall goals. It is important that the goals are clear, so you know when a goal is achieved. To make a goal to feel significant, you need to think through and write down what will happen when the goal is reached.
Are there any obstacles?
One way to make the goals clear is to use the SMART tool.
If you can define these five points in your goal formulation, you can achieve your goals in a more efficient way. SMART statements help to clarify the goals, which is absolutely crucial when, for example, working in a group and there are many different people involved.
It can be difficult for everyone to have an equally clear picture of what the goal is.
SMART goals can also be used when working alone with a task and striving to achieve your goal.
- The virtual assistant
- Developing a Business Plan
- Sustainability and Business Improvement
- Innovation and Product Development
Finance for Enterprises
- The importance of financial management for a business
- How to identify financial requirements to support an enterprise
- The importance of accurate bookkeeping to financial management
- Evaluating financial options to fund a business
- Monitoring income and expenditure against business objectives
- Conducting a financial analysis
- Marketing and Networking
- MYVA Resources