When most people decide to start a home based business online they usually do so with the intention of being successful by making a lot of money so they can quit their full-time jobs and work from home. It would probably be safe to say that 90% of so called newbie’s on the web have these goals in mind when they begin. If this is the case then why will 95% of these new enterprises fail and only 5% achieve their objectives?
It may be the case the reason the success rate is so low is because people don’t set shorter term goals to help them achieve their longer term objectives. It’s great to start a home business with all these pie in the sky dreams of success and online riches but if you don’t sit down and document what you want to accomplish in smaller increments then your longer term goals will begin to seem more and more unattainable with each passing day.
You must sit down, with pen and paper in hand, and write down what you want to accomplish by the end of your work day tomorrow. Then you can expand on this and document what you want to achieve during the next two or three months. From there you can set your long range aspirations by stating where you want to be this time next year and then two years from now. When you write down your objectives state them in a confident and affirmative manner.
For example, don’t say: “I would like to have my website built by the end of this month.” Rather than writing this wishy-washy statement be affirmative and say: “I will have my website built by the end of this month.” You must feel as though you’re going to achieve what you’ve set out to accomplish or you’ll be defeated even before you begin. Thinking about what you want isn’t good enough, you must consciously and physically do something about it.
Your goals must be specific to performing a certain action. From our previous example, building your website would be the specific act to reaching your achievement of having a finished home business web page. You must state a specific time for accomplishing this feat; again from our website example we stated by the end of the month we would have our website built.
Your goals and their benefits must be quantifiable or measurable. In this way you can set daily objectives for reaching your end result in the longer term. With regard to our website example you could set a daily goal of having completed a web page per day which is measurable and specific toward finishing your website.
Don’t set unrealistic objectives. For example, don’t document that you will be a millionaire in six months time. The odds are certainly stacked against you from the beginning and you’re setting yourself up for failure even before you begin. Therefore, your goals must be realistic given your knowledge and experience as well as the financial resources you have at your disposal.
Finally your goals should be achievable given the time frames you’ve set for yourself and this goes hand in hand with being realistic. Don’t set unrealistic time periods for reaching your objectives or, once again, you will be doomed to failure even before you begin.
After you’ve documented your goals you should revisit them on a daily basis to record your completed and successful daily achievements while tracking the progress of your longer term objectives. It’s important to reinforce your daily accomplishments which will further motivate you toward accomplishing your long term goals and dreams.
Goal setting is a vital component of your online home based business strategy and will go a long way toward helping you achieve the financial success you desire on the web.