“5 Steps to Dependable Small Business Income”
I have noticed that there is a special excitement among entrepreneurs this year and what it all boils down to is that entrepreneurs are excited as they look forward in making a leap in their business in 2012. Well there is no better day than today!
No really, today is “Leap Day” and small business owners should take advantage of this Leap Year day that only comes once every four years. So why not today and why not start your leap with some proper planning.
Speaking of proper planning, many view Leap Day as an “Extra Day” to work on their business and use it as a business development day to plan out revenue goals, marketing tactics and client retention programs.
With this in mind, today is a great day to plan out your revenue goals that will assist your business in having a 2012 leap year and here are five steps to help you plan out your goals for your sustainable revenue [click here to tweet].
1. Have a clear-cut, attainable goal-
Be clear on your goals and be realistic as you map them out. By planning too large of a goal, you will risk getting overwhelmed or discouraged when it is not met. Especially if you do not have the infrastructure or support to assist you in carrying it out.
On the other hand, if your goal is too small you may find no challenge in your business venture, be easily disappointed and end up working too hard to just meet your basic income needs. Find the goal that will excite you with the possibilities and is attainable.
2. Plan out your income avenues and goals for the year
Before you start working on achieving your goals, it is important to plan out your revenue generators. Start with your annual goal and work backwards breaking this goal down into monthly and weekly goals.
This will help you easily asses if you are on track for your annual goal. Also, in this step plan out your income streams and set an annual goal for each stream so that you can easily see where you are with each of these goals as well.
3. Develop an “income plan” with actionable steps for each income Stream
An income plan refers to the different ways your business can earn income. It should list your action plan for each income stream and the steps needed to reach each of your goals.
Your income plan will help you keep focused on the business of earning sustainable income.
4. Implement your plan and commit to it
Once you have mapped out your plan, don’t hesitate to put the plan into action. The sooner you put your plan into actions the sooner you will see and benefit from the results. Be sure to give you plan the attention it needs. In areas that can be automated, be sure to do so this will allow you to focus on other areas of your business.
5. Monitor results
While monitoring the results from an income calculator and revenue generator; you will be able to make adjustment on your plan of action. In business, there will always be something coming in from nowhere and you need to be able to shift directions and plans as needed. This is why monitoring results is vital to your business success.
Now, to help you leap into your business development day, I have created a Six Figure Income Calculator to help you easily plan out your income streams into monthly achievable goals that I would like to give you free of charge.
Begin your leap NOW!
