setting aims, goals and objectives for your business
TRANSCRIPT
Presents...
Setting Aims, Objectives and Goals
Online Business Startup, in conjunction with The Coconut Group, presents..
Tip #1
In 2010 Marks & Spencer’s goal was to become the worlds most
sustainable retailer as part of their “Plan A” initiative.Source:
http://planareport.marksandspencer.com/M&S_PlanAReport2015_Overview.pdf
Be SMARTEnsure that your aims and objectives are:
• S – Specific• M – Measurable• A – Actionable• R – Realistic• T – Time-bound This provides structure to objectives and determines the challenges you may face.
Tip #1
Work Backwards
This is a great strategy for analysing your objectives as it allows you to identify the steps needed to reach your goals and breaks it down into manageable steps.
Learn more about KPIs: http
://marketing.about.com/od/strategytutorials/a/what-are-key-performance-indicators.htm
Tip #2
Plan For The FutureYour long term goal should be to deliver value for your business, so that one day you may be in a position to sell and move on to your next project.
One of the reasons owners whose businesses are worth more than $5 million sold their business was to avoid tax chargesSource: http://www.businessnewsdaily.com/3555-business-owner-sale.html
Tip #3
Technology-based solutions can provide goal visibility and offer extensive reporting options that reduce paperwork up to 90% Source: https://www.successfactors.com/en_us/lp/articles/optimize-performance-management.html
Regularly Audit & ReviewThis means you can:• Analyse where you may
be underperforming • Pivot where necessary
to bring you closer to your objectives
Tip #4
ResourcesWatch it on YouTube!
o Marks & Spencer - http://planareport.marksandspencer.com/M&S_PlanAReport2015_Overview.pdf
o Success Factors - https://www.successfactors.com/en_us/lp/articles/optimize-performance-management.html
o Business News Daily - http://www.businessnewsdaily.com/3555-business-owner-sale.html
o KPI’s - http://marketing.about.com/od/strategytutorials/a/what-are-key-performance-indicators.htm
o Online Business Startup – http://www.onlinebusinessstartup.co.uk
is a Business Strategy Expert and Founder of Digital Agency, The
Coconut Group. He specializes in delivering Business and Online Strategy
to established SMEs turning over £500k helping them to achieve scale
and growth.
Robin Waite
Complete Strategy to Starting Up a Business Online
www.onlinebusinessstartup.co.ukOr email me directly
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