• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Advertise
  • Submissions
  • About Us
  • Contact Us
  • Apr 12, 2021
  • Startup
    • Creating a Plan
    • Funding a Startup
    • Franchise Center
    • Getting Your Office Ready
    • Making Your Business Official
    • Marketing Your New Business
    • Personal Readiness
  • Run & Grow
    • Customer Service
    • Human Resources
    • Innovation
    • Legal
    • Operations
    • Risk Management
  • Leadership
    • Best Practices
    • Communication
    • Green Initiatives
    • Open Culture
    • Strategic Planning
    • People Skills
  • Sales & Marketing
    • Advertising and Lead Generation
    • Marketing Innovations
    • Marketing Plans
    • Online Marketing
    • Relationships
    • Sales Activities
  • Finance
    • Budgeting and Personal Finance
    • Payments and Collections
    • Tax and Accounting
    • Pricing Strategy
    • Working with Investors
    • Working with Lenders
  • Tech
    • eCommerce
    • Hardware
    • Software
    • Security
    • Tech Reviews
    • Telecom
  • Shop

SmallBizClub

Helping You Succeed

Tax Bandits banner
Home / Leadership / Strategic Planning / 6 Key Business Goals for Company Leaders
6 Key Business Goals for Company Leaders

6 Key Business Goals for Company Leaders

2120 Views

Jun 3, 2014 By Keith Tully

There are any number of reasons for setting goals for yourself as the CEO of a small business. Even with a successful track record behind you and a well-oiled process in place, new challenges will always appear on the horizon and you never know in what ways you might soon be tested.

 
Below are six of the best goals a small business owner can have when aiming to improve performance and deliver results that make a difference.
 
1. Be proactive
 
Being a good manager calls for leadership skills, and all bosses need to be proactive. While avoiding the danger of taking action for its own sake or in ways that prove counterproductive, a manager should always be prepared to take a lead and insist on changes when they are clearly needed.
 
2. Build morale among your workforce
 
A company that doesn’t care about its workforce will very often finds its end results lacking. The morale of your staff is important not just to create a harmonious work environment but because it can ultimately have an impact on your bottom line.
 
So for leaders it is well worth investing in the employees you take on and finding ways to ensure that they feel good or better about their position within your business. Rewards and incentive schemes can make a massive difference in encouraging staff members towards committed and consistent performance.
 
3. Protect your credit rating at all times
 
Ensuring that your company remains in good standing with creditors and with suppliers is an important part of what a leadership role at many small businesses entails. Negotiating in a timely fashion and opening up clear lines of communication with key operating partners can be vital to establishing relationships that give a company the flexibility it needs to flourish.
 
4. Invest wisely
 
No leader will be right about everything all the time, but being too risk averse is almost as risky as being reckless. Businesses need to invest in products and services in order to lay the foundations for future success. From a directorial perspective that means seeking out potential game-changers where you can find them and finding ways to make the most of investment opportunities that can be identified.
 
5. Communicate
 
Managerial or directorial positions within businesses of any size tend to require good communication from the outset and throughout. From the point of view of goal setting, managers should always be aiming to improve the way they get their messages across to staff, creditors and business partners of any kind. And remember that effective communication needs to be a two-way street and that leaders ought to be as good at listening as they are at speaking.
 
6. Budget with precision
 
Effective leadership isn’t always about making rousing speeches or coming up with incredible cost-cutting solutions. Learning how to budget with precision and to understand the ways in which your company needs to be financially prudent can be just as vital to success. Sometimes in life your best weapon is your trusty Excel spreadsheet!
 

Filed Under: Strategic Planning Tagged With: Communication, Keith Tully, Leadership, Setting Goals

Keith Tully

Keith Tully

Keith Tully has been working in the field of corporate insolvency for more than a decade, during which time he has helped many company managers accomplish their business goals, He's currently partnering with Real Business Rescue, the UK's most extensive independent network of insolvency practitioners.

Related Posts

  • The Coming Digitization of Healthcare
  • 3 Tips to Take Your Blog to the Next Level
  • 3 Tips for Keeping 2 Branches Well-Connected

Primary Sidebar

Random

Startup 101: The Importance of Tax Planning

Apr 12, 2021 By Andrew Deen

4 Ways to Best Support Curbside Operations

Apr 12, 2021 By Eleanor Hecks

5 Common Causes Why Your Website is Slow 

Apr 12, 2021 By Jason Chow

3 Secrets to Optimize Your Business Online Presence in 2021

Apr 11, 2021 By Luke Hyde

Diversity & Inclusion: Best Practices for Project Managers

Apr 11, 2021 By Michelle Symonds

Footer

About Us

Small Biz Club is the premier destination for small business owners and entrepreneurs. To succeed in business, you have to constantly learn about new things, evaluate what you’re doing, and look for ways to improve—that’s what we’re here to help you do.

  • Facebook
  • LinkedIn
  • RSS
  • Twitter

Copyright © 2021 by Tarkenton Institute, Inc. All Rights Reserved | Terms | Privacy