For entrepreneurs, establishing revenue objectives is a standard procedure. Initially, our target is to meet expenses, and later, we incrementally incorporate additional income for personal benefit. As we aspire for financial stability, viewing our business as the mainstay of our livelihood, this numerical goal expands over time.

 

Yet, it's paramount to remain attuned to our underlying motivation and grasp the genuine requirements to realize these business objectives. In this episode, I'll discuss my strategy of dissecting substantial business goals into manageable, day-to-day actions. This approach enhances the probability of achieving success, fostering a more connected and informed journey toward our aspirations.

 

What you'll hear in this episode:

[0:50] Exploring why establishing a revenue target as a business goal might lack thoroughness.

[2:30] Illustrating the role of 'drivers' in achieving goals through a step-by-step example.

[6:45] Deconstructing overarching goals into achievable daily milestones.

[9:00] Allocating time for self-reflection based on a personal scorecard to evaluate actions.

[11:48] Ceasing to anticipate different outcomes when consistently employing the same actions.

 

If you like this episode, check out:

Asset vs. Expense: What's The Difference?

The Power of a Tax and Accounting Combo Team

Cash Flow Series Part 1: How to Measure Cash Flow

 

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Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ

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The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.