Wednesday, September 12, 2012

S.M.A.R.T. Goals; Short Term Goals

Today's Tip - S.M.A.R.T. Goals; Short Term Goals

Let's climb the ladder of success with each rung being a completed Short Term Goal. Short Term Goals have a fun factor to them. They let you get through many quick steps fairly easy while leading to your Long Term Goal set up through all your S.M.A.R.T. Goals. Where some aspects of your Long Term Goal could seem forever, daunting, and incomplete. Your Short Term Goals are ever moving, constant, and completely timely. So approach these goals with the same confidence as your Long Term Goals. Keep in mind, these goals are here to motivate your momentum.

When you really look at your Short Term Goals it is easy to see they are designed to keep you on track. Simple steps, direct actions, that are always moving forward. This method of S.M.A.R.T. Goal building is a great motivator and booster for your self-confidence. Providing you with instant feedback to measure your performance / progress. Where a Long Term Goal could feel drawn out, you can see your Short Term Goal are giving you constant results, conclusion, and everything a S.M.A.R.T. Goal is set up to be.

Consider your Long Term Goal more of a dream. Your desired results after all your hard work. A Short Term Goal embraces everything smart about S.M.A.R.T. Goals. They are always specific. Completely measurable when setting days and times. You can easily Attain these Short Term Goals by placing effort into it. A realistic venture comes from the act of doing, but most of all seeing your path before you so you can stand beyond it. And finally with everything coming together in a Timely manor only one thing can growth from this all... Success!

Call our office : 631.599.2263

Tuesday, September 11, 2012

S.M.A.R.T. Goals; Long Term Goals

Today's Tip - S.M.A.R.T. Goals; Long Term Goals

Your basic motivation comes from your Long Term S.M.A.R.T. Goals. A Long Term Goal is your Ultimate outcome. The conclusion of a dream set out at the very beginning of your journey. Once you finish a Long Term Goal, you can add another Long Term Goal to that, and start moving forward again. Example : I have become a successful comedian, now I would like to sustain this success. With that kind of thinking you'll always be growing, moving, and expanding. Since you are a business you want your company to have a strong foundation built on solid accomplished goals.

Understanding your Long Term Goal(s) helps orchestrate your overall outcome. It guides your Short Term Goals while keeping you focused on your resolve. Research every inch of your dream so you can compile a detailed list of necessary actions. Learn what you should be acting on, or even things you should avoid being a part of. With any dream, you would have at least one Long Term Goal to start out with. This is your primary goal that can help lead you to your life goals. Normally when setting up your S.M.A.R.T. Goals you spend time on your first, fifth, and tenth year goals.

As you are uncovering your needs for your primary Long Term Goal, you'll notice there are other outcomes to which you may want to try for. Thus, when you hit other Long Term possibilities you can start placing Short Term Goals into your list, defining your needs even more so. As you look into your primary Long Term Goal you'll take charge of other Long Term Goals that ultimately help your success carry on. Keep track of these goals while always adding information to your list. Ask yourself, How you came to these goals, what inspires you. Personal notes can always re-energize your purpose when drained. Who better to listen to, than your own words from the beginning of your journey till now? Be true to you.

Call our office : 631.599.2263

Monday, September 10, 2012

SMART Goals; Listing out your goals

Today's Tip - S.M.A.R.T. Goals; Listing out your goals

Once your Business Plan is in place you are ready to set up your S.M.A.R.T. Goals. Listing goals starts with your dream, or desired outcome. Example : I would like to be a professional comedian. Some S.M.A.R.T. Goals you could write down for this dream are as followed; • Start writing jokes, • Research comedy styles and comedians, • Workout routine on a stage, • Branding, Etc. Of course each of these goals would have smaller goals until your list was filled out nicely. A Hamburger is tasty, but a seasoned Hamburger with onions and lettuce are even more enjoyable.

Think of your list as a map directing you through your life. When you seem lost you can utilize your S.M.A.R.T. Goals to figure out where you are, should be, and are going. Taking a look at your goals daily are very helpful. Weekly is still a positive approach for those who need to step back to see a bigger / clearer picture. If you have written out your goals to only look at them once every few months you'll most likely lose track of your destination. Try setting your S.M.A.R.T. Goals on your refrigerator, or bathroom mirror, or even on the wall next to your computer.

Adding to your list is a good thing. When you find yourself stuck because you are behind, or you have forgotten something, the list is there to be reorganized as needed. Obviously your goal is to subtract items on your list through accomplishment. While you may delete goals you should always be adding newer ones. A S.M.A.R.T. Goal list rarely ever vanishes as you are always evolving, learning, and finding new information to set forth your destination. If you feel overwhelmed from your lists size then break it down into smaller sections.

Call our office : 631.599.2263

Friday, September 7, 2012

Business Plan; But I am not a business

Today's Tip • Business Plan; But I am not a business

One of the essential rules of your Triangle is to “treat your life as a business”. In fact, this is side one. You may not be a business, but who has ever wanted to live their life in the red. Living in the red means that you are living above your means, or your expenses are eating away at your profits and you are making Zero dollars. When a business opens up they have their first year to find their footing into success. After that they are left with two more years to find a solid security in growth. Ultimately if you are not in the black by year three than you are a failing business.

While you may not be a business, your life should be your business. You want to live. You want your business (life) to strive and succeed. You want your actions and products (actions / ideas) to be fruitful and advantageous to your personal path. This all comes from treating your life as a business. Take responsibility in your options and opportunities. Even if you have a job working for someone else, that job is only a source of income that helps sustain your life (business). Budget your time, money, and income / outcome. Know what you spend and why you spend it.

How does a "Business Plan" really help with this? It gives you direction into your personal goals and ideals. Where, in your life, do you want to be in the next year, five years, and ten years? This is explored in your business plan. Look inward to your life and what you are or have been searching for. Learn to handle your actions as if it meant the fall or rise of your company. After all, it does mean the fall or rise of your life. Businesses have four levels to their foundation. They are only doing one of these; Struggling, Surviving, Growing, and Expanding. Which one is in your control? They all are.

Thursday, September 6, 2012

Business Plan; Reason / Purpose

Today's Tip • Business Plan; Reason / Purpose

A Business Plan lays out the foundation for your Idea / Company / Project / Monetary Venture / or a Partnership. It is an understanding of your vision placed into sections to help best explain a formula for success. Most importantly, your formula for success. It also helps as a good barometer for when your company is already making headway yet you feel stuck or have possibly lost your way. It has bounds and leaps written out to show you where you should be going, and or be at any moment in your company's life.

What if you are a person who wants to just live their live and not start up a business? The truth is, you should be living your life like a business when possible. Who wants to live in the red? Our goal for financial freedom starts with living above expense. Keep your earnings high and your expenses low. This is exactly how a business survives. They budget their inventory / expenses / and income by working within S.M.A.R.T. Goals set through their business plan.

Since all individuals with, or without, a business should incorporate themselves to take advantage of the legal benefits of being a S Corp Entity, it is wise to set your Business Plan into action. Having a Business Plan is as easy as figuring out what money to place into a child's college fund, or a 401K, or even what to save, when to spend, and where you want to be in the next year, five years, and ten years of your life. People create Business Plans all the time in their heads. “I want to go to college. I need to get a grant by this time.” etc. Physically write out your Business Plan for maximum success.

Wednesday, September 5, 2012

Business Plan; Each Section

Today's Tip • Business Plan; Each Section

Looking at your business plan layout you'll notice each section. Some sections almost seem repetitive throughout your plan. This gives you a better sense of your company's direction. The attached file will explain a much further understanding of each section. Keep in mind, we suggest you look over “Business Plan; Layout 01” and brainstorm over what your company stands for. Go through each section and see where you are.

Once you have spent some time on that then download this PDF “Business Plan Layout 02”. Each section is laid out to show you what you should write to help present your business plan in the best possible way. Of course, this is again, just a layout / guideline. There are many ways to approach writing a Business Plan. This is just one way we've decided to describe for you.

While working out your sections, keep in mind that each one is as important as the next. You'll have 8 sections to work through; Executive Summary, Business Description & Vision, Definition of the Market, Description of services, Organization & Management, Marketing and Sales Strategy, Financial Management, and Company Background. If you find yourself having trouble thinking of ways to explain your company in words, step back and take a breather.

After a few minutes, or even an hour, call up or talk with someone. Ask them if you could explain to them your business in a nut shell. Tape yourself talking. What you say is going to be a great starter for you. Have this other person ask you questions based on the Business Plan layout. Just answer them with the passion you have inside of you for your brilliant idea! There are no wrong answers, just the answers that explain what you are looking to do with a new company.

Tuesday, September 4, 2012

Business Plan; Layout

Today's Tip • Business Plan; Layout

Businesses plans start with your layout. Clean precise designs show how organized you are. How you map out your sections on paper to your oral presentation are important in creating a trusting relationship from the start. Knowing how to place your ideas onto paper, or being able to verbalize your concepts, is a great starting point to any business venture. There are basic layouts for any Business Plan. The layout describe below is very common.

• Title page
• Index
• Executive Summary
• Business Description & Vision
• Definition of the Market
• Description of Services
• Organization & Management
• Marketing and Sales Strategy
• Financial Management
• Company Background

These ten pages all have a strong purpose within your Business Plan. Attached within this entry is your basic Business Plan layout with sub-sections. Feel free to download the PDF and look over it. Day two of “Week 1 : Business Plan” will go over each section with a little more detail. Start taking this time to think about what your idea / business is. This will help you have a better understanding of any information that will be presented tomorrow.

Why a business plan? A business plan will help you justify your direction, your goals, and your purpose. Using a Business Plan layout is a solid way to place your thoughts into perspective. If you are financing your venture yourself or approaching partners, you'll want to see your plan laid out so you can visualize it clearer than just having it float around in your head. Take action. This is your first week to a new start!