Thursday, May 15, 2008

DECIDING WHAT YOU WANT

Goal setting can be a daunting task. How does one move from “I'm just going to see how it goes” to a concrete business plan based on concrete goals?

We hope that the following questionnaire will help you to solidify your thoughts:

WHAT DO YOU WANT PERSONALLY?

Describe, in as much detail as you can, your “ideal” life.

What improvements, growth experiences, etc. do you want for your own personal growth?

Where do you want to be personally in:
1 year?
3 years?
5 years?

WHAT DO YOU WANT FOR YOUR FAMILY?

What changes are likely in your family life in:

1 year?
3 years?
5 years?

What are your personal priorities and time commitments? (Consider personal time, marriage, children, community, etc.)

WHAT DO YOU WANT IN A CAREER?

What is important for you to achieve professionally?

Where do you want to be professionally in:
1 year?
3 years?
5 years?

How much time do you want to commit to your business?
Per week?
Per day?

WHAT ARE YOUR INCOME NEEDS (after real expenses)?

Think about things you want, ie.,mortgage, car payment, college,vacations, housekeeper, tuition expenses, etc.

What are your net income objectives in:
1 year?
3 years?
5 years?

Think about/look over your categories of business expense.

Which items are optional expenses?

What are your three largest expense items?

For what expense categories are you unsure if your investment is necessary or an appropriate amount?

IS THERE A RANK OR ORGANIZATIONAL STRUCTURE IN YOUR BUSINESS THAT IS AN IMPORTANT GOAL FOR YOU?

What would the accomplishment of that goal mean to you?

What must you do to reach that goal? (sales, recruiting, Manager promotions, etc;)

DEVELOPING REALISTIC, ACHIEVABLE OBJECTIVES CAN BE DONE USING THE FOLLOWING FORMULA:

What I want MINUS Time available = REALISTIC OBJECTIVE

Is there a conflict between your career/income objectives and your personal/family objectives?

What factors are causing the conflict?

What possible modifications can you make to reduce the conflict?

What would be the benefits of these modifications?

1 comment:

Michael Walsh said...

You have put together a very thorough questionnaire. This should be very helpful to those who are trying to solidify their thoughts.