Life is about growth, and growth in business is about reaching your goals; however, a goal without a plan is just a wish. People and life will pass you by if you don’t grow. That is why one of your goals should be to make more money next year. You need money to move things around and impact more people in your space. But how can you make that extra amount? These five steps will get you to that desired amount by the end of 2023. Note that these steps only apply to people who already have things going on for them, like a business or a career and are looking for growth of a business.
Step 1: Decide on the target amount to determine your growth in business.
Determine what growth in business is to you. You may want to earn more than $200,000. Or you are looking for something a little less, for starters. Whatever your goal is, decide on it and write it down. A safe guide is to assess what you already make annually and multiply that with a 50% increase. It is also a free choice. You can go higher or lower.
Step 2: Research your competitors.
The next step is to go into the market. Check out who your competitors are and what they are doing. Look for their new strategies, the highest unique points, and other relevant information. See their many tools for advertising and which of them they use the most. Jot down some standout aspects for reference. Remember, a goal without a plan is just a wish, and you can’t make a plan without research.
Step 3: Tick out those you don’t do
Out of the things you listed, mark out those you already do or things that don’t fit your brand. If you have listed things you don’t know how to do, don’t scratch it. Learn it! Growth in business requires learning new strategies and figuring out what works for you and your brand.
Step 4: Write down what you are great at
This step is critical. Getting it right will push you past your competitors to the top.
- What are you great at?
- What are your strong points?
The answer to these questions is what sets you apart from your competitors. It can be outside your current business. If you are passionate about it, you can use it. This is the unique aspect you bring to the industry that your competitors don’t.
Step 5: Create a Digital Product around your strong point.
The final step is to create something to sell. Look for how to coin your unique standpoint into a product you can sell. The growth of a business doesn’t stop with one or two products. This process can be repeated. You can always add something like an ebook, a paid class, a white letter, affiliate companies for your brand, and so much more. This is the point where your wish is transformed into an achievable goal.
A goal without a plan is just a wish, so make your plan today.
The actions you take toward the goal make a difference. A goal without a plan is just a wish. Writing out your plan is what makes your wish achievable. By the end of next year, you might not hit the $200,000 mark, but you would have made a significant increase, which is growth in business. Embrace social media. That is where the power lies. Advertise as much as possible – more to your close circles than the entire world. Everyone knows one person that needs your product. Don’t underestimate the power of the network.