Are you to ready to get control of your business finances this year? Now that you know about SMART goals, you’re ready to make some changes. But how do you use the SMART goal strategy to make these changes? And where should you start?
We suggest these 4 SMART goals for 2015:
- Define what you want from your business this year: more income? Fewer hours? Growth? Remember, be SMART as you decide on this goal! This will give you a direction for your business so you can get cracking!
- Set a budget. This is not as hard as you think it will be! The best budget is history – instead of wasting time creating a budget from what you “think” you’ll spend, use your prior year’s results and build on that to make the changes you need to make. (Use QuickBooks to generate these prior year financials.)
- Commit to reading one great finance book to develop your own financial philosophy. Ask someone you admire for their recommendation. (Just in case you’re wondering, we love Rich Dad Poor Dad by Robert Kiyosaki.) This will open your mind and get you thinking BIG.
- Learn one new financial report to increase your financial knowledge. (We suggest the balance sheet if you’re not familiar with it already.) Knowledge is power! By understanding how your financial reporting processes work, you will be educated and empowered to set goals and make changes in your business.
These 4 SMART goals will help you grow your business this year and beyond. We’re here to help, so contact Ten Key, Inc., anytime if you have questions, want to learn more about your accounting, or need to make changes to fit your new SMART goals.
Are you excited? This is your future, take the reins! Here’s to a successful 2015!