Making New Goals for Your Business for 2022
Have you thought about your company goals for 2022, or are you just hoping for the best? Goal setting is a key step to being successful in life and business. It gives you a finish line to focus on, keeping you on track and preventing you from getting distracted.
Running a business without setting goals is like shooting in the dark. You have no way of holding your team and yourself accountable and no path to guide you in the right direction.
In fact, goal setting is part of a proven system the most successful people have used to get to where they are. So here is how to make new goals for your business in 2022.
Figure Out what You Want
Not knowing where to start is normal when making new goals. You’re not alone! One way to make the process easier is to simply ask yourself what you want for yourself before even thinking about your business.
What do you want to accomplish one year from now? Based on the answer to that question, you can figure out where your company needs to be by the end of 2022 to put you in a better position to reach your personal goals.
Short Term vs. Long Term Goals
When setting goals, you want to visualize the big picture first. Those are your long-term goals. Then, break those into short-term goals you need to achieve to get closer to your long-term goal.
For example, you want to have the main goal for the end of 2022. Based on that, you need to set goals for Q1, Q2, Q3, and Q4 to achieve your yearly goal. Then, set smaller goals for each month, and each week, down until your daily tasks. This progression is the best way to keep yourself on track!
Set Realistic Goals
When making new goals for your business, you want to be as realistic as possible. If you are a startup or a small business, you shouldn’t set a goal of becoming as big as Amazon by the end of next year.
However, something like tripling your revenue in 2022 is realistic and achievable. Just make sure not to go overboard
Set Measurable Goals
Growing your business to the next level or increasing revenue are not measurable goals. You want specifics; you want numbers. For example, producing X number of sales by the end of next year or growing your team to X number of people in Q4.
Set a Deadline for Your Goals
Setting a deadline is the best way to create urgency when working towards your goals. Also, it gives you something to look forward to and lets you know when it’s time to celebrate. It encourages you not to give up when things get rough!
Set Business Goals
Look at aspects of your business that need work. Maybe you want to expand payroll. Perhaps you need better business planning, so you’re ready for tax season. Even seeking some education in bookkeeping or budget management could provide growth for you and your business alike.
Forecasting your company’s needs in the future can be difficult, so the more you learn now, the better prepared you’ll be.
Don’t Get Discouraged
If you don’t end up achieving your goal by the deadline for one reason or another, don’t take this as a failure. Goal setting is not always perfect, and that’s totally okay. Just make adjustments as you go, and stay consistent. As long as you stick to your action plan, you will get there one way or another!
Need Help from Experienced Business Accounting Professionals?
At Stratlign, our team is composed of growth-driven accountants that will help you throughout your journey to success. From bookkeeping to financial forecasting and strategy advising, we can fulfill all of your accounting needs, walk you through growth and expansion, and help to give your business the competitive edge that you need. Reach out to us now by giving us a call or filling out our easy-to-use contact form.