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Goal Setting For 2020
  • 29 December 2019
  • Alex Penfield

Goal Setting For 2020

You blinked, and just like that 2019 has come to an end—time flies when you’re chasing your passions! You and your business have most likely experienced a range of ups, downs, twists, and turns this year. Whether you accomplished all you’d been hoping for or 2019 has been a tough one, the beginning of a new year is always an opportunity to refresh your priorities. As we close out the year, below are a few tips on how to set up your small business for success in 2020.

Goal Setting For 2020

  • Step back and reflect: Your first step in setting goals for the future should always be to look back. Consulting the past helps to answer critical questions that can help shape your business strategy and outlook moving forward. What was your biggest business success in 2019? What could you have done differently? What tactics, products, or services had the largest impact on sales? A quick gut check will help get you on the right track in 2020.

  • Forecast for the future: As you set your sights on the new year, think about what’s in store for your specific business, as well as the industry as a whole. From neighborhood shake-ups to political uncertainty, it’s important to get a handle on the changing landscape that lies ahead and how these factors may affect your business’s bottom line. For more ways to forecast for the future and set budget goals, check out this article from Forbes.

  • Set clear goals: Once you have a solid handle on what’s ahead, list out specific milestones you’d like you and your business to achieve. Setting tangible goals to strive for can help to keep you on track when things get hectic during the year. These can be as big as opening a second store, or as small as improving your everyday productivity. If establishing healthier business habits is top of your New Year’s to-do list, this article is a great place to get started.

  • Define an action plan: Goals are great, but without a solid strategy in place for achieving them, they can quickly become unattainable. To keep things tangible, list out tactics for reaching each objective, with realistic timelines for completion. Being able to check off a list will make you feel like you’re moving in the right direction as the year rolls on.

  • Take a break: Every small business owner knows that running your own shop is a 24/7 job. And while ensuring you’re prepared to hit the ground running in January is important, it can be equally critical to kick back and relax. Spend time with family, catch up on these business podcasts, and just enjoy the magic of the holiday season—the extra energy will come in handy in the new year.

As we kick off 2020, remember that The UPS Small Business Store is your partner in all of your entrepreneurial endeavors, helping you streamline your business processes and reach whatever goals you’ve set your sights on. With a partner you can count on and a solid plan in place, this year your business will be set up for success.

 

 

 

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