The Gap Between Now and Your Success
The next year is just around the corner. Do you have clarity about what you want to achieve in the coming year? Have you considered your small business goals?
Success occurs when you intentionally act on your plan. Although you’re busy, carve out the time to define your strategic growth plan for the next 12 months. This article is for growth minded entrepreneurs who are tired of doing things the way they always have.
If you are feeling overwhelmed, I have a secret that will relieve the pressure. Success is counter-intuitive. It’s not about doing more. It’s about doing less.Success is counter-intuitive. It’s not about doing more. It’s about doing less. #smallbusinesssuccess Click To Tweet
That’s why you want to define the gap between where you are now and where you want to be by this time next year.
Consider where you want to be as a destination, similar to getting from Las Vegas to New York. There’s more than one way to arrive at your final destination. Once you know all the options, you choose the best one.
Before we get started, I have a couple questions for you. Did you have specific end-of-year milestones for this year? Did you reach them? If you didn’t have a specific target for this year, it’s time to clearly define what you want to achieve over the next 12 months.
I realize you’re not in business solely for the money. The numbers may not mean much to you. However, they do serve an important purpose. They offer insights about your level of effectiveness and profitability.
Assess your financial health
So ask yourself these questions. Do you know how much your business brought in this year? Do you know what your expenses were for the past 12 months? Does the profit (income minus expenses) meet your satisfaction?
If you’re not sure of these answers, then hire a bookkeeper. Consider doing this sooner than later, especially if you don’t enjoy doing your own books. These numbers are important, but you don’t need to be the one doing the data entry.
The best place to start defining your small business goals for next year is to have a clear picture of your current situation. Are you meeting your financial goals but at the cost of physical exhaustion? Take a few minutes to write down where you are right now.
Your business financial health.
Your satisfaction level – scale it from 1-10.
The tasks you don’t enjoy doing.
The tasks you love to do.
Taking stock now will influence your plan for the next 12 months.
Now write down your success milestones. What do you want to achieve by the end of next year?
Decide how much income you want to generate next year.
Your satisfaction level – scale it from 1-10.
The tasks you want to delegate.
The people who can help you reach your goals.
This list is slightly different and is meant to challenge your mindset. Keep an open mind as you go through this exercise. List which tasks you plan to clear off your plate over the next 12 months.
It’s possible to improve your financial health, increase your satisfaction level, hand over the busywork that you’ve been holding onto, and develop a supportive team that believes in your vision.
Most small business owners don’t know how to do those things. And that’s okay. The first step is acknowledging your desire.
Carve out time to get crystal clear about what you want. This helps to guide your decisions. Most entrepreneurs tend to down play what they want to achieve. Don’t go for the “sure thing.” That’s not going to get you excited.Most entrepreneurs tend to down play what they want to achieve. Don’t go for the “sure thing.” That’s not going to get you excited. #smallbusinesssuccess Click To Tweet
Basically thinking positively isn’t enough. You’ve got to combine your inspiration with action.
Consider your friend who has positive affirmations posted everywhere in the house, but remains stuck with gloom and doubt. Don’t be that person. Develop a clear vision that is supported by every action you take.
Clear the decks for success! Now that you’ve written your small business goals for the next 12 months it’s time to evaluate your action plan. More importantly it’s time to clear your mind of limiting thoughts and feelings. Fear paralyzes you physically.
Remember your original destination is like going from Las Vegas to New York. Fear keeps you from flying in a plane, riding in a plane or driving your car beyond your hometown.
There are many ways to approach the multiple tasks that will grow your business. But does your mindset get in the way? Get honest with yourself. Which negative thoughts take up space in your mind, interfere with your plans and keep you from success?
I’m not good enough.
And it’s opposite – I’m the only one who can do this.
They won’t accept my proposal so why should I bother?
I’ll never make enough money to make this business successful.
The people on my team don’t listen to me.
You get the idea. Every time you feel resistance, take a look at the negative thought that keeps you from getting the job done.
Make the decision to delegate as many tasks as possible during the next 12 months. Yes, letting go of a task can be difficult. But, you’re more likely to achieve your vision by getting specific tasks off your plate.
List all of your tasks – don’t hold back. Then, put a name other than yours next to each task. If you don’t know someone right now who can perform the task, then put team member there.
Add finding a way to outsource your tasks to your action list. Now, go back over your list and choose the tasks you love to do and that advance your business. Put your name next to those specific tasks. Since you’ve already delegated all of the tasks, you perform the ones that only you can do and that you do exceptionally well.
You can’t achieve success on your own. It takes a team. As a result, people are the heart of any business. That includes the people you bring on board to help you achieve success.
Your team extends beyond employees or contract workers. Think about outside collaborators. One of my clients teamed up with another business owner to bid on a project. Their proposal was stronger because they collaborated together.
Consider a mentor who takes an honest look at your business and gives you tips that would grow your business faster.
Identify the people who love what you do and happily refer others to your business.
When you think about it, you probably have a team already. Share your plans with them, thank them for their contributions and acknowledge how they’ve contributed to your current success.
With these people helping you, you’ll find yourself doing less, yet accomplishing more.
Let’s Clarify Your Small Business Goals
My clients frequently hear me say that success is messy. I can help you clarify your plan for the next 12 months. If you’re not feeling confident, that’s okay. Courage trumps confidence. Sign up for my complimentary Grow Your Ideal Business Strategy Session. You’ll discover how easy it is to clarify your small business goals.