Everyone has goals.
Some are monumentally challenging while others are easily achievable or continuously set back.
Creating quarterly goals that are planned out and documented can help hold you accountable and in return, allow your business to scale smoothly.
Each quarter, take a few hours and consider what you want to accomplish in the next 90 days. If you have a team, set both goals for the company and for each team member.
When deciding your goals, think about:
- What will help take the business to the next level
- Areas of the business that are struggling
- Projects that take a good amount of time and planning to accomplish
- Processes and systems that need to be documented/improved
To make things more manageable, create subtasks or smaller goals that can be completed in a week or so but lead to getting your main goals accomplished.
Once you have goals set, update the progress that has been made to meet each goal by setting a percentage of completion.
This will help visualize your progress.
Most of us have loosely thought out goals but aren’t actively working on achieving them.
The problem is that a goal without drive is simply a dream.
In real estate investing, you have to treat your business… well… like a business.
Documentation and tracking will help your business run more effectively.
By having a set of goals each quarter to focus on, it also allows you to see tasks that aren’t helping the business.
You can trim the fat, so to speak.
Look at what tasks are being done daily and ask yourself how they benefit the company.
- Do they make the company money?
- Do they help with branding or marketing?
- Do they waste valuable time or money?
- Is it something that is necessary but could be delegated or outsourced?
It’s easy to fall into a routine and months down the road, you realize that it isn’t a critical part of your business and isn’t helping the company.
Simplify your business and cut away distractions.
Focus on your quarterly goals.
Ideally, you’re going to crush your goals and you’ll be able to set even more optimistic and challenging goals for the next quarter.
So ask yourself…
What do you want to accomplish over the next 90 days?