Home Based Business Goals – 4 Goals To Aim For
Home Based Business Goals
Congratulations on taking your business seriously and deciding to set some home based business goals for yourself. Kudos!
Did you know that 90% of all entrepreneur in the home based business industry don't set goals? They talk a talk. They say they want to achieve this or that, yet they never reduce that writing. I find that amazing.
So good for you for doing it!
I'm not sure what caused you to search and find this article, so I'm not exactly sure what you're looking for in terms of information about home based business goals.
I will be sharing 4 different types of home based business goals in this article:
- Income goals
- Productivity goals
- Skillset goals
- Personal Development goals
I can say this however, setting and achieving your goals can be simplified if you know what you want to accomplish, work within a time frame and establish a game plan.
I know, you're saying,
"Yeah, Debbie, sounds great…. I kinda get that but I really don't know what's reasonable or what kind of goals I should set."
Okay, fair enough.
Here's some ideas about working with your home based business goals.
Home Based Business Income Goals
Nothing wrong with this as it gives you a game plan for a time line to be able to make plans to scale up your business, take that vacation, buy that house, afford that car, fund a retirement account or replace your job.
And while these are great goals and you want to have them, sometimes it's easy to be more lazy about working your business if you simply stop at this. I recommend also having production goals which I share below.Image courtesy of digitalart / FreeDigitalPhotos.net
The way you determine how much money you need to achieve your income goals is to do the math.
For example, if you want to reach $10K a month, take that amount and divide it by the commission you make on your product or service upon a sale. That's how many sales you need each month.
Then break that down into how many sales that will be a week, or a day.
Then ask yourself how many prospects you need to talk to to get a sale. This will tell you how many leads you need to generate.
After you do that, it's time to get to work generating those leads.
The best systems for lead generation is MyLeadSystemPro. If you have a network marketing or mlm business and would like a step by step blueprint for generating leads for your business, I recommend you check it out.
In evaluating your income goals, and you're very serious about cracking a big nut, you may need to reconsider what you're selling.
Do you have a funnel with low to high ticket commissions? Or are you just doing low ticket? I'm asking because it does make a difference.
For example, I have products and services that start as little as $10/mo. I have some at $25 a month. I also have several around the $1K and $3K area and I even have a $7700.
So you can see it will take 770 sales at $10 a month to make $7700 or I can make ONE sale and make the same $7700. It depends on how hard you want to work and now leveraged you want to be.
If you don't have a funnel with a high conversion product, you want to consider Empower Network. it offers $25 and $100 monthly residuals, plus one time pops of $500, $1K and $3K.
Home Based Business Production Goals
What you do with this goal model is actually set goals to produce.
For example, you may set a goal that looks like this:
- Every week I will write and publish 5 blogs.
- I will syndicate each of those blog posts through Tribe Pro.
- I will post these blogs on Facebook.
- I will take 3 of these blogs posts and repurpose the content and make videos.
- I will publish and syndicate my videos.
- I will create 1 Squidoo Lens.
- I will do this for the next 90 days.
The only way you can fail and not achieve your home based business goals with this style is if you're lazy and just don't do the work.
Home Based Business Skillset Goals
When you're first getting started in your home based business, it's easy to think you will be learning many new ways to market all at the same time. But if you attempt that, you're going to crash head first into the ground.
What you want to do is choose 2 marketing strategies, say a paid and a free strategy. And focus on those.
A good goal would be to focus on these two strategies until you are getting results, then add one additional strategy and master that one.
You can attempt to put a time frame on yourself but be warned, this could cause some frustration. I found that you can't just say, "Ok, I'm going to learn how to do Facebook Marketing and I'll have it mastered in 30 days at which time I'll add in solo ads."
The time and budget you have will determine how fast you succeed. So play this one by ear.
Having said that, it's still a good goal to know what the strategy is but be committed to keep on keeping on.
Personal Development Goals
It's critical to set home based business goals for personal development. The truth of the matter is that you're business will grow as fast as you grow yourself.
Image courtesy of Tina Phillips/ FreeDigitalPhotos.net
I know first hand how easy it is to skip this. I know you get busy, get sidetracked, get pressed for time. I know what it's like going down the "to do " list and looking at the clock and saying, "well something has to give.. I won't read today."
Yet it's this very reading that will keep us in the game, keep us growing as entrepreneurs and keep us filled so we can help ourselves and others.
This is why it has to be a goal that you deliberately with full intention work on.
Here's some ways to help you accomplish your personal development goals if you're a busy person.
Get up 20 minutes earlier or go to bed 20 minutes later.
Listen to audios while
- Showering and preparing for work.
- Driving, even with kids in the car… it's great stuff for their brain download also.
- Working out at the gym or walking around the block
- Fixing dinner
- working in the yard
- working in your hobby
- cleaning the house
Keep a personal development book with you at all times.
How many times have you been delayed at the doctors office, a traffic jam, stuck in the office for lunch, waiting on someone? These moments can be turned into valuable brain food rather than stewing about your situation. Take advantage of it!
Set a goal to read at least 15 minutes a day and listen to audio for 15 minutes a day. Most people have a longer drive than 15 mintues to and from work so it's quite possible that you can get in 30-45 minutes, if not an hour, each day, just driving to and from work, not to mention driving the kids around town.
I believe that if you are determined and committed, then finding the time and sticking with it will be a breeze.
Home Based Business Goals – Your Decision
The greatest thing about setting your home based business goals is this. YOU DECIDE whether you will reach them.
When you sit down to write your goals, put a time frame on them. Break them down into daily bite size pieces and then DECIDE you WILL achieve them. There's power behind decisions.
If you need an accountability partner, find one. If you need a support, get it. If you need a running buddy (working buddy), find one.
Keep your end result in mind.
So for example, if you're goal is to go on a production goal… why?
What do you want to accomplish?
And by accomplishing THAT, what is the reward?
I wish you much success in all your goals setting and I'm here to be your biggest cheerleader.
Are You Seeking a Home Based Business?
If you are thinking about starting a home based business but are not sure what you want to do, track me down on Facebook or fill out the contact me form on this blog and let's have a quick chat about what you want. Maybe I can help or point you in a direction that will meet your home based business goals.