Monday, October 19, 2009

Where Do You See Yourself Five Years From Now?

Where do you see yourself five years from now used to be a question guaranteed to come up during an interview or any other scenario where a young person may need to be tricked into thinking ahead. Nowadays, why not go one step further and apply it to your own business?

We already know that looking a little further down the road can cause some good life planning to take place. But this time instead of thinking about finally paying down that debt, or how you'd like to pad the savings account a little more, how many activities the kids will be involved in at one time, or if their first year of college will be paid for---just stop. Give some serious thought to where you want your business to go and set goals. If setting goals sounds too concrete and you think you might be misleading yourself, then let's call it "dreaming with purpose." Either way, put pen to paper and get to work. The words you write down can lay a powerful foundation for your business plan while simultaneously opening doors to new ideas in your niche.

To get started, think about how you'd like to affect your customer base five years from now. In terms of your brand, would you like to be a household name or are you satistied when people can search for a product and your website appears first on the list? How important is income to you? Would you like to be earning millions in sales per year, or are you not for profit? You're thinking several years from now so if business is booming, who's doing the work? Will you do it all yourself or could you manage a small staff? A large staff?

Answer these questions and more. If you elaborate well enough you should end up with some long term and short terms goals for your company. Always check in to make sure you're reaching milestones and are on track for the future. It is whatever you make it, so dream BIG.

Many Blessings,
Polly

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