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Goal Setting is Important when Opening a Dollar Store by Bob Hamilton
For those opening a dollar store there are so many actions to be taken. Just the actions to locate and prepare the space,[link widoczny dla zalogowanych], to locate suppliers and order merchandise, and then install store fixtures, equipment and stock the shelves can be overwhelming. As a result the very basic,[link widoczny dla zalogowanych], foundational actions that are so critical to setting you and your business up for success can be overlooked in the attempt to quickly open the doors for business. Some of those frequently overlooked actions are preparing a dollar store business plan and establishing goals for the business. Yet these steps are important to setting a roadmap with specific targets to be accomplished. They can be extremely important to the long term success of your business. In this article I present 6 goal setting tips to help set the foundation for your success.
Tip #1) Your goals need to be documented. Just as your dollar store business plan needs to be written down, so too do your goals. This isn��t something you merely want to think about and then try and remember at some later date. Record your goals. Write them down and keep them where they are easily found.
Tip #2) Your goals must be stated so they are clear and specific. It is important to establish goals that are clearly understandable. Be very specific and to the point with each goal you establish. Don��t set goals such as become the best retailer around. Instead set goals covering each of the most important measures of success for your business.
Tip #3) Your goals need to be measureable. Another important piece of the puzzle when creating your business goals is to make them measureable. For example, set specific dollar goals for sales during the first year. Then break that down into quarterly and monthly sales goals to be achieved.
Tip #4) Your goals must be attainable. While you might feel you can accomplish anything when first opening a dollar store, it is important to establish clear, attainable goals for your business.
Tip #5) Your goals are a contract you make with yourself. The time and effort spent developing just the right business goals is important. The final goals you set are important. But the process also involves taking ownership for achieving those goals. Think of your goals as a contract you are making with yourself. Hold yourself responsible for developing specific actions to achieve those goals. Then put those actions to work and reach the goals you have established.
Tip #6) Your goals need to be used to measure the growth,[link widoczny dla zalogowanych], profitability and overall success of your dollar store business. Just as your dollar store business plan sets a pathway to follow in the development of your business,[link widoczny dla zalogowanych], your goals add specific targets to be achieved along the way to that success.
Establishing goals for your business is an important part of the process to prepare when opening a dollar store. Your goals fit with your dollar store business plan to establish a clear direction with targets you aspire to achieve. Invest the time and effort to create your business plan and the accompanying goals for your new business. Review your goal on a routine basis. Hold yourself accountable for achieving the business goals you establish.
To your success when opening a dollar store!
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