The Real Way to Transform Your Small Business Success in 2017
With another year behind us and a fresh one ahead, it’s time to start setting your small business New Year’s resolutions for 2017. Resolutions and goals can be powerful tools for small business owners. They can help you understand where you are today relative to where you thought you would be. They can help you understand your strengths and weaknesses. And they can help you determine what you need to do to get back on track to achieve the success you want.
Setting resolutions is the easy part though; actually following through on them is where it gets tough. In today’s post we’ll teach you how to set SMART business resolutions you’ll actually keep.
The SMART System
SMART is an acronym for specific, measurable, action-oriented, realistic, and time-based goals. It’s a simple planning framework you can use to set resolutions for your business (or personal life) and develop a plan to actually achieve them. Here’s how to use the SMART system:
S - SPECIFIC: Make sure your resolutions are well-defined, focused and concise.
M - MEASURABLE: Establish concrete criteria and metrics for measuring your progress.
A - ACTION-ORIENTED: Define a list of actions and steps you need to take to achieve your resolution.
R - REALISTIC: Set resolutions that are manageable, attainable and realistic.
T - TIME-BASED: Give yourself a deadline for accomplishing your goal.
Now let’s put these elements together and see how they work. For example, a common resolution is often something like, “I want to make a lot more money.”
It’s a great goal, but it’s far too vague. How much more money do you want to make? How will you accomplish that? And by when? Here’s a better resolution, applying the SMART principles discussed above:
“I want my business to increase revenue by X percent in 2017. I’ll accomplish that by bringing on at least one new client per quarter and I’ll compare revenues monthly against last year’s figures to make sure I stay on track to achieve my goal by the end of the year.”
Notice the difference? Instead of just a lofty goal of “I want more money,” the SMART resolution provides a real actionable plan and roadmap to achieve success. Make smart resolutions and make this the year you actually keep them.
If you’d like help making smarter resolution to achieve your small business goals this year the Blue Sky team is here to help. Let’s get to work and make 2017 your most successful year yet: 289-466-5210.