With the begging of a new year, many people come up with yearly goals. We all know the usual suspects: lose weight, stop smoking, and our favorite eat better. Much in the same way business owners typically start the New Year with ambitious goals. Maybe you want to increase sales by 50% or you want to reduce costs by 30%. There is no limit on the number of business goals you could create. However what are the odds you will accomplish your goals?
Just as people fail to keep their New Year’s resolution most businesses fail to hit their yearly goals. More than 80 percent of the 300 small business owners surveyed in the recent 4th Annual Staples National Small Business Survey said that they don’t keep track of their business goals– and 77 percent have yet to achieve their vision for the company. [Read more…]