Monday, December 24, 2012

Business Objectives and How Many Is Too Many?

English: Integrated Business Planning Table
Integrated Business Planning Table (Photo credit: Wikipedia)
by Roger Chestnut

During this time of year, most businesses take to planning in order to determine their business path for the new year.

Of course, business planning is always an important idea. Setting goals is also very important to keep your business on track for its objectives.

However, over planning and having too many objectives can be worse than having none at all. It is important to be able to focus on your plan and goals. With too many, your business will not be in tune to meeting specific goals.

Begin by looking at where you are now and how you plan to move forward toward your vision for your business. Picture your business down the road to decide what you need to do in order to create the necessary change and growth.

Although annual planning is a wise business task, it also becomes very challenging. Strong strategic planning involves developing your priorities for the following year.

However, this is not the time to make a huge to do list or wish list. Most small businesses are only able to really focus on a handful of objectives at a time. Simplify your plan to keep it from becoming too complicated.

Gear your planning to identify the top three objectives you have for your business. Make a personal commitment to take action and make these objectives actually happen. With a smaller amount of objectives, your ideas can be so much bigger. This is the key to moving down the path of real growth.

Once you identify something as one of your most important annual objectives, it is given a priority. It ought to be affirmed, communicated, in view for all to see throughout the year, and acted upon. Develop themed communication, education and events to keep the focus on this objective.

Each objective will necessitate a goal. Decide how you will assess your progress for each objective. Make this measure as transparent as possible. Set one or two goals for each objective you have chosen. Build internal dashboards and feed data in often in order to analyze it. Adjust your businesses actions and goals in real time. A goal is a guess, develop it as you go.

After goals are established, focus on the behaviors and new habits that will need to occur. Lasting goals require new habits. For example, if your goal is better management of employee work hours, but your employees are used to handwriting their time cards, a new habit would be to require them to utilize a new time clock. Analyze your goals to determine what has to change. has a huge selection of affordable time management systems. Invest in one of our time clocks today and keep employees accountable and payroll accurate.

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