While everyone is busy with making all kinds of New Year’s resolutions have you thought about what your business goals are going to be for the upcoming year? If not, now is the time to do so. What better time than the month of January to focus on a direction for your business?
A great way to set business goals is by looking forward to see where you want to be by the end of the year. Think about things like financial goals, number of clients or services that you offer and ways you could automate certain aspects of your business.
Set yourself an income goal for December 31 and then work out a way to achieve this. You may need to create new products, do some more affiliate marketing or generate some new clients.
Or you could offer something new in your business such as a coaching module. Other choices include adding a paid newsletter to your business model or developing an online magazine. Even writing and publishing your own books can help increase your income stream.
Plan out what you will need to do each month to increase your bottom line and then simply take action. Not taking action is one of the biggest reasons why many business goals fail. While it is very easy to set lofty goals, attaining them is a different ball game altogether. This is where freeing up some of your time comes into play.
If you find that you are a slave to your business you might want to seriously consider outsourcing some aspects. What are the things you enjoy doing for your business and what are those things that you don’t enjoy? Are you not enjoying them because the tasks are challenging or because they are tedious? Both of these are great reasons to outsource work. Why bother taking hours and hours to work on something that is difficult? Could you use this time to be more productive?
Let’s look at an example. Maybe you aren’t great with graphics and you consistently require eBook covers or banners made. Why not outsource this job and use the time to be more productive. You might be great at drumming up new clients so why not find a new one and use that money to hire a graphic designer? It really isn’t costing you any more money you are just using your time more wisely.
Go through all the things you do for your business each day and see if there are some items that could be automated. Do you post to Facebook, Twitter, Google+ and Pinterest regularly? This can be time consuming, why not look into ways that this could be automated. You can then work on this task once a month or once a week and schedule all of your posts.
By implementing small changes such as these you can free up a lot of time. Use this free time wisely to increase your profits. If you are a freelancer you could spend the time writing more of your own content or putting together special offers for your existing customers and clients.
Make time to do a little brainstorming for your business. Look at other players in your area and see if there is a product or service that is not being offered. Then find ways to implement it.
Keeping up to date with changes on the internet is a huge component of running a successful online business these days. Planning is important for any business owner and if you can be the first to market with something new, you are going to be well ahead of your competitors.
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