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Business Goal Setting and Merchant Cash Advance Follow Through

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Your business can't go Merchant Cash Advance according to plan if you have no plan. What do you want to achieve this year? More Merchant Cash Advance new customers per week? Higher average order amounts? Better customer service ratings? No matter Merchant Cash Advance what it is you are shooting for, goal setting is one of the most Merchant Cash Advance important things that you will do in the New Year. I've got a few tips to help you get Merchant Cash Advance there.

1. Keep it Challenging but Realistic.

Any goal that you set for Merchant Cash Advance your company should be challenging but don't over do it. For example, if you Merchant Cash Advance had an average order amount of $700 Merchant Cash Advance last year, you wouldn't want to set your goal for this year at $3000 per order. Unless you make drastic changes in how your Merchant Cash Advance company runs or what you are selling, that goal is just not realistic. You Merchant Cash Advance know best what you may be able to achieve in your particular industry, so be honest with yourself and set your goals Merchant Cash Advance accordingly. 2. Write All Your Goals Down.

You may say to yourself on Merchant Cash Advance January 1, "I want to get 20 more new customers per week this year." A few months Merchant Cash Advance later you will be saying "Did I say I wanted 20 or 30?" Or more Merchant Cash Advance realistically, you have forgotten that you even made that goal. If you Merchant Cash Advance have all of your goals written down you will be able to not only go back and Merchant Cash Advance check them, you will also be able to go down the list Merchant Cash Advance every few months and check to see how many of them you have Merchant Cash Advance completed.

3. Assess Your Current Situation. To set goals you have to know where you are at Merchant Cash Advance right now. In 2003 I wanted to assess our customer service rating Merchant Cash Advance so we sent out a survey to all of our customers on which Merchant Cash Advance they could rate us in each department of our operation. That helped us Merchant Cash Advance establish our base. Now we send the survey to every customer after every Merchant Cash Advance order. This way we can keep track of how we are doing and Merchant Cash Advance if there is ever a hiccup we can fix it quickly. Don't assume anything. Always Merchant Cash Advance assess the current situation before setting a new goal.

It's Only Going to Hurt A Little... Now, in financial goal setting for your business, Merchant Cash Advance one invariably comes to the question: "How do I decide Merchant Cash Advance on a budget when starting a marketing plan?"

This is Merchant Cash Advance obviously the first question that you have to answer in order to get started on your new campaign – and in order Merchant Cash Advance to reach the income goals you have set Merchant Cash Advance for yourself.

So how do you figure out what your Merchant Cash Advance budget should be? Here is an easy method to help you find a number that is going Merchant Cash Advance to work for you and your business. Some might say Merchant Cash Advance that it is a good rule of thumb, but I personally judge things on Merchant Cash Advance whether or not they work and get results. That's all.

Moving Merchant Cash Advance on... Start with the amount of income that your company generated last month and multiply it Merchant Cash Advance by .14 (or 14%). That means that if you had $50,000 in Gross Income Merchant Cash Advance last month you should budget to spend $7000 on Merchant Cash Advance marketing in the next month. Wait... I know, it sounds painful but it is just like Merchant Cash Advance a shot at the doctor. It might hurt for a minute Merchant Cash Advance (or in this case a month) but down the road you Merchant Cash Advance are going to be glad that you went through it. Putting that much toward the right marketing will bump up your income the next month and start you on a cycle of steady growth.

I know that some businesses run tighter than Merchant Cash Advance others and it is possible that you won't be comfortable with that amount Merchant Cash Advance in the beginning. Don't misunderstand me, any marketing Merchant Cash Advance is better than no marketing. Don't get discouraged if your budget is lower than Merchant Cash Advance 14%. But use 14% as the ideal to strive for because, for me as well as many Merchant Cash Advance other growing businesses, it has proven to give the best rate of growth possible. How Merchant Cash Advance do I know, you ask? My company has expanded 400% in the past 2 years. Now picture Merchant Cash Advance your business at 4 times its current size... There's that smile Merchant Cash Advance I was looking for!

The growth of your business is based on three factors; quality products, great Merchant Cash Advance customer service and the proper amount of marketing. If you know you have the first two taken care and you still aren't Merchant Cash Advance experiencing healthy growth then you need to take a serious look at your marketing budget.

So sharpen Merchant Cash Advance your pencils, start calculating and decide how rapidly you want your business to grow.

Please take a moment this week to sit Merchant Cash Advance down and decide on your goals for the New Year. Even if it Merchant Cash Advance is past the New Year and even well into the year, set your goals for the rest of the year.

Everything is easier when you are working towards a Merchant Cash Advance goal. My goal is your success and I assume that is your goal as well.

Back to: Merchant Cash Advance.

Posted on: August 9, 2011 03:05 AM

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