Planning and goal setting in business

Planning and setting goals are very much part of your whole journey with Rosemary Bookkeeping franchise. We encourage and work with you to put plans in place and implement them, so that you can achieve your goals in business.

Here’s what you need to know;

Business planning

Before joining the franchise, you will be asked to create a business plan, and within that, you will need to share your goals for the business over its first few years and up to the end of the franchise agreement (5 years).

A business plan is also an element of what is required when applying for business finance, so do remember to make sure that it is as clear to follow for someone else as it is for you.

Goal setting

Goals in business could be related to anything, such as, a number of customers, revenue milestone or growth of the business by a certain amount, by a certain date.

When setting goals, it is useful to use the popular acronym ‘SMART’. Possibly the most common version that is used is, S for specific, M for measurable, A for achievable, R for relevant and T for time-bound.

Motivation

It is important to remember that not everyone can be as motivated as you are because after all, it is your business.

Having a goal to work towards creates motivation not only for yourself, but for your team members too. A communal (or company) goal can help to motivate everyone, as the whole team contribute towards it, especially if there is a reward at the end of the tunnel.

Measure of success

Without setting goals in the first place, you would find it difficult to measure success. Achieving a goal is a strong measurement of success and often delivers a feeling of accomplishment and satisfaction, both of which are extremely healthy in business.

For further information on the initial Rosemary Bookkeeping business plan or to discuss our common goals as a franchise network, get in touch today.