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Merchant Cash Advance Business Goal Set

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

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

2. Write All Your Goals Down. You may say to yourself on January 1, "I want to get 20 more Merchant Cash Advance new customers per week this year." A few months later you Merchant Cash Advance 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 Merchant Cash Advance goal. If you have all of your goals written down you Merchant Cash Advance will be able to not only go back and check them, you will also be able to go down Merchant Cash Advance the list every few months and check to see how many of them you have completed.

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

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

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

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

Moving on... Start with the Merchant Cash Advance amount of income that your company generated last month and multiply it by .14 (or 14%). That means Merchant Cash Advance that if you had $50,000 in Gross Income last month you should budget to Merchant Cash Advance spend $7000 on marketing in the next month. Wait... I know, it Merchant Cash Advance sounds painful but it is just like a shot at the doctor. Merchant Cash Advance It might hurt for a minute (or in this case a month) but down the road you are going to be glad that you went Merchant Cash Advance through it. Putting that much toward the right marketing will bump Merchant Cash Advance 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 Merchant Cash Advance amount in the beginning. Don't misunderstand Merchant Cash Advance me, any marketing is better than no marketing. Don't get discouraged if your budget Merchant Cash Advance is lower than 14%. But use 14% as the Merchant Cash Advance ideal to strive for because, for me as well as many other growing businesses, it has Merchant Cash Advance proven to give the best rate of growth possible. How do I know, you ask? My company has Merchant Cash Advance expanded 400% in the past 2 years. Now picture your business at 4 times its current Merchant Cash Advance size... There's that smile I was looking for!

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

So sharpen your pencils, start calculating Merchant Cash Advance 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 is past the New Year and even well into the year, set your goals for the rest Merchant Cash Advance of the year. Everything is easier when you Merchant Cash Advance are working towards a 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 03:08 AM

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