One of the marks of a great entrepreneur with lots of potential is that of eliminating the act of giving up as an option, to the extent that they concede to their journey of being that of searching for their big break and making a promise to themselves to pursue it with everything they’ve got once they catch a whiff of the opportunity to realize that big break. I’ve worked with many entrepreneurs as a business coach, many of whom appeared to be a bit skeptical of the business coaching process until such time they started seeing some results. This is when a lot of them come back with that fire required to further explore a breakthrough they believe they’ve uncovered.
These are the best clients I’ve certainly ever had as a business coach because then it’s just a matter of applying some of the principles I’ve acquired and developed over the years and things generally tend to take off like never before.
With every entrepreneur I’ve worked with who has gone on to achieve great things however, 100% of the time I noticed a trend emerging. They went about their goal-setting the right way, which entails three aspects, namely setting your initial set of goals as a rough draft; analyzing those goals in light of how things have developed and worked out so far; and finally, setting new goals which are backed by some experienced gained in the field.
There’s a bit of a war of beliefs at this stage of the entrepreneurial journey, largely due to the fact that history has proven time and again that the much-worshipped business plan touted as a requirement to get started often proves to be futile in the end. The business plan sort of reveals itself as you go along on your quest to try and solve a problem with a solution you can monetize. The other factor completing this conflict is that of the clear need to set goals and it’s a standard requirement for those goals to be written down somewhere.
The goals you set should be seen as a rough-draft set of goals, but you definitely need to set goals and documents records of those goals. An exercise which will help you is to simply write your goals down in one go. Don’t scratch anything out or go back and change anything.
At some point along the journey, the real goals you should be focusing on will come to the fore and this is the time to write a more official business plan.
Educated Business Pursuits
The business plan which you’ll produce at this time will serve as the flexible blueprint for operating your business going forward and I can bet you now that this version of it is more likely to land you investors if you require some outside funding.
Otherwise this is the stage at which your business decisions will be of more of an educated nature, making you more likely to make the right decisions and realize the success you seek. These decisions are based on some ground-level experience of having pursued the various practices associated with the venture you’re trying to build.