Friday, November 7, 2014


There are 7 tips that might help other business owners better understand how to reach their goals.

1. Don't bite off more than you can chew

While it's important to dream big, it's imperative to keep resources in mind. Set "stretch goals" for yourself, but don't make them so high that the goals are unreachable. Have a long-term objective with a series of milestones from where you are now to where you want to be in 3-5 years. Remember to reward yourself for hitting each milestone, too.

2. Collaborate

Share your objectives with the people working for you (e.g. "We will open a second restaurant in the summer of 2014) and remember this rule : "Many hands make light work." When applicable, let your customers know about your dreams as well. Most customers would like to know that their purchases are supporting entrepreneurial dreams. Also consider collaborating with your supply chain and partners to achieve your goals.

3. Get the right support

You are probably an expert in one or more segments of your business. These segments are probably the reason you started your company. The other segments, the areas you hate to work in, may require outside assistance. Don't be to proud or frugal to ask for help. If you are streamlining your business processes, determine what expert assistance is needed and make the call. 

4. Keep it simple

Make your ambition as clear as possible. Whether it's opening another restaurant, hiring more employees, or reaching double-digit sales growth by the end of 2014, make sure the goal is simply stated. Delete unnecessary processes and simplify complex ones. The less there is to slow you down and stand in your way, the better.

5. Monitor your progress

Record and review your progress regularly. This exercise will enable you to identify weaknesses more easily and improve them faster. Ambition is about continuous improvement, and not one-off changes or achievements.

6. Believe in yourself

You can achieve your ambition if you believe in it. You must also possess greater determination than all of your competitors, both locally and globally. There will inevitably be surprises that try to halt your progress; don't let them. Whatever you do, commit all of your resources to do it better than anyone else.

7. Be keen

This last tip is more of an example. It demonstrates how collaboration, continuous improvement, and determination can help make you realize your ambition and become a leaner, healthier, fitter business.

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