This post is part two in a series for Life Coaches that are new to entrepreneurship and are setting up their online business for the first time.
Next step: Set Goals
The Importance of Goal Setting
Now that you’ve visualized what you want; who you want to work with, what kind of business you’d like to have, and what type of services you’d like to offer, it’s time to put the ideas into action. Goals give you a direction to head in. They are things you want to achieve or accomplish. It’s good to remember, this is not an overnight activity. Building a business takes time, as do each of the steps in this process. Be patient and stick with it.
And revisit this exercise as things change and grow.
You can do it!
An endeavor like starting a business reflects how we operate in the world, what our value system is and how we define success. A good questions to ask yourself while developing your business is: how do I define success? When you have a better idea about what that means and how to know if you are being successful by your standards, then you will have a benchmark to compare against and a trajectory to aim for. Your life will reflect your work and your work will reflect your life. The goals you set for starting a business will impact other areas of your life, just as other parts of your life will affect your business. Having goals is another way to keep things in perspective, stay organized and help you make choices along the way.
Goal setting is critical for developing any type of business. Like a business plan, the goals you create are the road map and foundation for the development of your business.
To do this next exercise, look at the business plan you created in the first exercise. Let’s take those ideas a little further.
Tips to goal setting:
- Visualize the goals you want to achieve
- Write them down
- Create goals that are measurable and attainable
- Set attainable goals in all areas of your business – product, marketing, operations, start-up expenses, and business development
- Create a target deadline for the goal to be achieved
- Be sure and give yourself credit for what you are accomplishing.
- Be gentle with yourself about the things that you haven’t accomplished yet.
Some people use “models” as a formula to generate ideas and set goals. Below is a popular one, I’m sure you’ve heard of:
Example of a the “SMART” model to use for goal setting:
Write out a sample goal sheet using the SMART model. Pick one area of your business you’d like to focus on. Write out the goals in that area based on the SMART model. Keep this close to your business plan, to refer to it and change it as needed. Now try it for other areas of your business.
Tip: practice positive self-talk daily!
Your Affirmation Checklist:
I am taking the steps needed to create my business.
I am patient. My business will grow and be successful!
I am flexible and open-minded.
I know what I what and how to get it.
Recommendation: If you find, after reading this, that you are stuck or just frustrated with your idea, or don’t’ know how to get started, you might want to think about hiring a Life Coach. I know, it’s yet another thing that costs money, but I’ll share something with you – surprisingly I have found it to be the one thing that has been invaluable in building the foundation and success of my business. My personal coaching is what has made my business successful. As a coach I have worked with many coaches to either them turn their idea into a viable business or help them launch their business. I can offer you a working relationship where you gain insight; accountability and a can develop your own strategies to build your business. Don’t be afraid to invest in yourself, even for a short time. You are your business!
- In case you missed any of the posts in this Entrepreneurship for Coaches series, here they are:
- Part 1: Visualize Your Dream Business
- Part 2: The Importance of Goal Setting
- Part 3: Deciding What You Need
- Part 4: Keep Coaching Clients!
- Part 5: Creating Your Business Plan
- Part 6: Set-up a System to Manage the Financial Aspects of Your Business
- Part 7: 5 Starting Tools for an Online Business
- Part 8: 10 Ways to Build Your Online Business
Start your own coaching business: Your step-by-step guide to success (start up series) by Entrepreneur Press
How to develop a success mindset with Brian Tracy
Articles & Blog Posts:
How to set goals for your business on Business.gov.
Setting and accomplishing your biggest goals on EOFire.com.
How to Start a Business Online by Allen Moon on Entrepeneur.com.
Best Sequence for Starting a Smart Online Coaching Business by Benay on UniversalCoachingSystems.com.
The 4 Product levels of Coaching by Benay on UniversalCoachingSystems.com.
11 Lessons learned from 2.5 years of being an unsuccessful Internet entrepreneur by Tung Tran on CloudLiving.com.