Most all successful business entities have Company Mission Statements, Goal Setting and Planning encompassed in their Policy and Procedure Manuals. This goal setting and planning objectives are the foundation of any successful business. Having a common balance between the company and employees ensures permanence.
Some of the most profitable companies are susceptible to failure. There will always be competition. We need to always be aware and proactive to constant change for continued growth. We have seen many companies fail after years in the business. One of the main reasons for their failure was the ability to change with the times. Setting goals and planning ahead will keep us to the forefront.
Many of us might not want to admit it, but we will find all kinds of excuses to avoid goal setting and planning for the future. Keep in mind that this adage holds true. "To fail to plan is to plan to fail". Here are several so-called excuses that I've heard and encountered over the years.
I am hard working and disciplined and know what needs to be done. This might be true but just thinking what needs to be done, will continue to set you on a path in a backwards direction. This thought process, however positive, won't be good enough. What might work one year does not mean it will work in the future. Always plan ahead and be prepared. Make a group effort today for tomorrow's success.
THERE'S NO NEED TO PUT IT IN WRITING! An unwritten goal doesn't exist. An unwritten goal means nothing to your employees. Making your goals and business plan known to your employees tells them they are critical to the success of the company.
GOALS ARE ALL YOU NEED TO BE SUCCESSFUL! If this were true, we never would have heard of Bill gates or Warren Buffet. Success in any business or profession is dependent on the implementation, supervision, and coordination of the written goals.
THERE'S NO NEED TO REVIEW MORE THAN ONCE A YEAR! This belief might have been true with some businesses in the past, but with the economic downturn and turmoil over the past several years, a revisiting of our written plan and goals makes sense more than once yearly. Adaptation and redirection could save the life of a company if properly sequenced.
We must constantly adjust our goals to determine if increased production is approached in a timely manner or if a reduction in sales or staff is more realistic. If we don't take these approaches cautiously, we could be in a financial crisis along with the economy or even in a strong economy. We will always be in a better position knowing the "storm" is coming rather than waiting until after it arrives.
Some of the most profitable companies are susceptible to failure. There will always be competition. We need to always be aware and proactive to constant change for continued growth. We have seen many companies fail after years in the business. One of the main reasons for their failure was the ability to change with the times. Setting goals and planning ahead will keep us to the forefront.
Many of us might not want to admit it, but we will find all kinds of excuses to avoid goal setting and planning for the future. Keep in mind that this adage holds true. "To fail to plan is to plan to fail". Here are several so-called excuses that I've heard and encountered over the years.
I am hard working and disciplined and know what needs to be done. This might be true but just thinking what needs to be done, will continue to set you on a path in a backwards direction. This thought process, however positive, won't be good enough. What might work one year does not mean it will work in the future. Always plan ahead and be prepared. Make a group effort today for tomorrow's success.
THERE'S NO NEED TO PUT IT IN WRITING! An unwritten goal doesn't exist. An unwritten goal means nothing to your employees. Making your goals and business plan known to your employees tells them they are critical to the success of the company.
GOALS ARE ALL YOU NEED TO BE SUCCESSFUL! If this were true, we never would have heard of Bill gates or Warren Buffet. Success in any business or profession is dependent on the implementation, supervision, and coordination of the written goals.
THERE'S NO NEED TO REVIEW MORE THAN ONCE A YEAR! This belief might have been true with some businesses in the past, but with the economic downturn and turmoil over the past several years, a revisiting of our written plan and goals makes sense more than once yearly. Adaptation and redirection could save the life of a company if properly sequenced.
We must constantly adjust our goals to determine if increased production is approached in a timely manner or if a reduction in sales or staff is more realistic. If we don't take these approaches cautiously, we could be in a financial crisis along with the economy or even in a strong economy. We will always be in a better position knowing the "storm" is coming rather than waiting until after it arrives.
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