Friday, August 28, 2009

By The Numbers - Are You Able To Track & Measure Your Business Goals?

With the words on the street about the economy you can't help but sigh at times. Yes, it's not nice when you hear of someone having to shut down business, and even not nicer yet if you're that person who had to shut the doors.

As harsh as it sounds, it's times like these that are often an impetus or a little "kick in the pants" for people to really dig their heels in and see that the practices they have within their own businesses are something that will stand the tougher times. Business demands measureable results, and unless you have something measureable in place, chances are you'll go through even tougher times than others might.

On what basis are you running your business? What goals have you set? How do you set those goals? How do you motivate your employees to take ownership, enthusiasm and personal commitment of those goals? How do you review, evaluate and adjust those goals? How do you measure the achievement of those goals?

My proposal to you for the coming week: Think of these aforementioned questions and then think of what you're doing in your business to create goals, retain ownership & enthusiasm of the employees for these goals, and then think of how you measure the achievement of these goals. Beginning next week is a 10-part series on measuring (tracking) goals within your business.

Until then, I wish you continued success!