.The most vital aspect of starting a business is to set your goals. You need to know what you want — not just “I want to get rich” but “I will get rich because I will do this and do that …” kind of thinking. And experts say that you don’t only need to think what you want, but you have to write it down.
Randy Kirk, in his book “Running a 21st-Century Small Business: The Owner’s Guide to Starting and Growing Your Company” makes the case why you need to write down the goals for your business:
- Only about 10 percent of highly motivated individuals who see themselves on the fast track to success have a clear idea of what kind of financial future they want. In order words, they know they want to be successful, but have only a vague idea of what that means to them.
- Only a thirdof those have the guts to write it down. Somehow, this group knows intuitively that writing it down gives it a higher degree of meaning, including a greater degree of commitment as well.
- Those who write down their goals are always at the top in earnings and accomplishments. They have clear ideas of what they want and are much more successful than those who go with th flow, but do not achieve at the same level as those who commit goals to writing.