How to set and achieve your business goals

Hello readers, today I am going to be telling you about how your business goals should be set and achieved. You should have long term goals and short term goals. There must be an alignment between your long term business goals and your short term business goals. Your long term goals should be broken into short term goals. Both set of goals will be achieved that way. Long term goals are goals that should be achieved after a period of 1 year. It could 2 years or 3 years or 10 years while your short term goals are to be achieved within a year or below.

The acronym SMART should be used when setting your goals. Your goals should specific, measurable, achievable, relevant and timely. For example do not say you want to make money, say I want to make $20000 within one year, selling 40 products monthly, this will allow my business to grow. I want to make $20000 within one year, that is specific and timely. Your goal will be measurable by keeping track of the money you make per month. It will become achievable with the notion of selling 40 products monthly to make the $20000. It will become relevant to your business because getting additional capital can help you grow your business.

Visualising your goals will help you achieve them. You can imagine what your life will be like after achieving these goals. Praying 5 times daily to Allah can help you achieve your goals. The actions you will be carrying out daily in order to achieve your goals should be written down, this will also help you achieve your goals.

You have to be optimistic about achieving your goals, this will motivate you to go after them. You should believe in yourself that you can achieve your goals. Your goals must also be realistic as unrealistic goals will end up demotivating you. In other words, take small steps when setting your goals until you can achieve larger goals.

That is all for today. Thank you for reading this article. Keep checking out my blog regularly, cheers!

Comments

How can your strategy be successful

Hello readers, today I will be telling you about ways to make your strategy a successful one. The scope is your strategy must be fit, in other words your strategy must be consistent with the environment your business operates in. When I say environment, I am talking about both external and internal environments. Thus, you must understand the political, economic, socio-cultural, technological and legal environments your business operates in. The environmental protection that affects your organisation must also influence you when formulating your strategy. Therefore, PESTEL analysis can be used to understand the external environment of your business. The internal environment also needs to be understood, as your strategy must also be in alignment with the internal environment. Understanding your internal environment will help you know the resources your business has, the capabilities of your business as well as the structure and system. The SWOT analysis can be used to help y...

How to Make Money from Gold

We used to operate in a gold standard system in the past, it is common knowledge that we presently operate in a dollar based system. A system where each country measures the value of its currency against the dollar for the dollar based system and the gold for the gold standard system. The gold used to be a yardstick for measuring the value of a currency, although it is no longer used to measure the value of currencies these days, it has maintained it's prestigious value. Gold a very valuable metal, its prices depreciates at times and appreciates other times, but looking at its trend over 100 years, the prices have always appreciated over 10 years or above. From 2006 to 2015, the gold price per ounce appreciated by 200%, while from 2002 to 2015 it appreciated by 300%. So Long term investors go ahead and purchase gold. You must always pay zakat on the value of your gold when it reaches the nisab which is 87.48 grammes. However, you can give charity (sadaqa) from it. Alla...

The Istikharah Prayer

Hello readers , today I will be telling you about the Istikharah prayer. It is a prayer of guidance. When you want to make a major decision in your life, it is best you seek Allah's guidance. You should always pray to Allah to guide you through the right path in your daily activities. Istikharah prayer is recommended for a major decision such as getting married, starting a business and others. How do you perform the Istikhara prayer? Make two rakats (Nafila). During your first rakat, after reciting Surat Fatiha recite Surat Ikhlas, during your second rakat after reciting Surat Fatiha recite Surat Kaafirun. After saying Asalam Alaykum Waramatullahi to the right and then the left recite this: "Allahumma inni astakhiruka bi-ilmika wa astaqdiruka biqudra-tika, wa as'aluka min fadlikal Azeemi fainnaka taqdiru wa la aqdiru, wa ta'lamu wa la a'alamu, wa Anta Allamul-Ghuyubi, Allahum-ma in kunta ta'lamu anna [then mention the thing to be decided] khairun ...

Islam and Business Finance

Search This Blog