Home > Leadership > Strategic Planning > Are Your Small Business Goals Too Low?

Are Your Small Business Goals Too Low?

By: Susan Solovic

 

Are Your Small Business Goals Too Low

National “Reach as High as You Can” Day is on April 14, and no, it’s not a day to make you feel guilty about not doing your calisthenics. For small business owners, it’s a day to ask if your small business goals are what is holding you back.

“How can my goals be holding me back?” you ask. When you first started your business, you likely had a very specific goal in mind. You knew what you wanted to be doing in five years, and you wrote your business plan accordingly. If you were aiming to get a loan or investors, you had to be realistic with your goals so you could convince potential backers that you could actually achieve those goals in a reasonable time.

But now that you are set up and well on your way to reaching those goals – You are, right? – ask yourself this question: What if your original goals had been 10 times bigger?

What would you have done to achieve those goals? What additional risks would you have taken? How more focused would you have been on moving your business forward?

The curious thing about goals is that they can turn into shackles that hold us back. If we low-ball our goals, thinking we’re being sensible, we limit ourselves to what we believe is possible. Your business goals are probably too small if:

  • You aren’t feeling challenged every day by the work you are doing.
  • You are comfortable with your daily routine and don’t regularly consider doing anything extra to be more productive or successful.
  • Your unmet goals aren’t scaring you a bit. (If you know beyond any doubt that you will reach your next business goals without breaking a sweat, you have a problem.)

National “Reach as High as You Can” Day is an excellent annual reminder to check your goals and make sure that you are truly challenging yourself to better and more successful tomorrow.

Not only does this make your long-term improvements more exciting, it also makes you more resilient in the short-term, because you realize that you have something huge that you need to achieve ASAP. Next thing you know, you’ll be banishing procrastination for good and working out brand new ways to make your business more efficient so that you can reach even higher.

Published: June 7, 2017
1029 Views

Source: Susan Solovic

a woman

Susan Solovic

Susan Wilson Solovic is an award-winning serial entrepreneur, New York Times, Wall Street Journal, Amazon.com and USA Today bestselling author, and attorney. She was the CEO and co-founder of SBTV.com—small business television—a company she grew from its infancy to a million dollar plus entity. She appears regularly as a featured expert on Fox Business, Fox News, MSNBC, CNN, CNBC and can be seen currently as a small business expert on the AT&T Networking Exchange website. Susan is a member of the Board of Trustees of Columbia College and the Advisory Boards for the John Cook School of Entrepreneurship at Saint Louis University as well as the Fishman School of Entrepreneurship at Columbia College. 

Trending Articles

Stay up to date with