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5 Tips on Setting Business Goals for the New Year

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5 Tips on Setting Business Goals for the New Year

5 Tips on Setting Business Goals for the New Year

Trending these days are the new year resolutions, goals and milestones set by almost every one of us. As the brand-new year, 2019 stepped in, leaving behind every unsuccessful story, regretful decisions, and wrong choices; giving us the best opportunity for a fresh start!

But wait, why is it important to set a business goal when your cell phone repair shop is going on smooth workflows and good enough to earn your living? The point is, would you like to stay right here after 365 more days of your life? Obviously, a big no!

In this fast-paced life and considering rapidly growing cell phone repair industry, business goals are essential because they develop a sense of achievement and purpose. Setting a specific time period to complete our goals allows us to work at them over time with some motivation attached.

Here are 5 tips you can use to make sure you’re setting yourself up for a successful year ahead;

Learn from the Past

First, ask yourself about your last year goals. Have you completed and achieved everything that you planned back in 2018? If not, which ones were not accomplished?

Look deeper into the reasons why items were not accomplished and find new ways to overcome those obstacles. If you achieved your goals, determine what worked for your company and keep doing those activities. Find out and analyze your most successful strategies what brought you closer your big milestone. Similarly learn from the campaigns and approaches that took you far away from your primary goal.

Make an Action Plan

Using stats and insights from the last year data can serve as a baseline for activity evaluation and will allow you to plan appropriately for the next 12 months. If budget spending was out of control, find new means to reduce costs and increase your company’s bottom line. If your company experienced substantial growth, think of new ways to invest your profits in both your business and your team.

Think upon the technological and industrial factors while planning for your next year’s strategy to stay up-to-date with the current turns and trends. Once you’ve considered and planned the big picture, you’ve found where to reach in 2019.

Go for the S.M.A.R.T Goals

What gets measured, gets done! If you set up your goals to be SMART, you’re on the right track. What is a SMART goal?

SMART: S= Specific, M= Measurable, A= Achievable, R= Realistic, T= Timely.

It gives direction to what you want to achieve. SMART goal setting brings your vision into some structure and lets you track your goals and objectives. Instead of aiming for vague resolutions, SMART goal setting creates verifiable paths to the ultimate big goal, with clear milestones and timeframes to bring your plan progress into account.

Break a Big Goal into Smaller Chunks

Again, don’t aim for the moon in the first step! Divide your yearly big goal into smaller achievable portions. Let’s say, your final objective can be split up into 12 small monthly goals of 4 quarterly goals based on your workforce, their efficiency and your workflows. Small milestones are a great way to help create some stepping stones as you work your way towards achieving your business goals.

“The downfall of most New Year’s Resolutions is the fact that people tend to dive head first into a big goal, they fail, so they give up.”

Set Deadlines

Setting deadlines is like working for the goal in your mind. The reason deadlines are so effective is because they make large projects or goals more manageable. You exactly know when this little part is going to be completed and you’ll be a step closer to the main goal. Also, deadlines motivate actions, create urgency and a sense of responsibility as time passes by.

Lastly, after setting up your yearly goal, the most important point to reach your business goal is tracking! Aims and targets are impossible to achieve when we don’t have a system to track and analyze. Whatever your goal is, RepairDesk stands with you to achieve it; track your sales, revenue, analyze employees’ performances and view your business report, all from your desktop using RepairDesk POS software.

Get a FREE trial of our all-in-one POS software for your cellphone repair store and see it for yourself!

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