Every year, you
set goals for your business. These goals serve as your guide in determining how
you’re going to move forward for the rest of the year. You can evaluate the
progress every month or quarter, depending on the goals you’re trying to
achieve. The calendar year just ended, and it’s possible that you didn’t get
everything you hoped to achieve. It doesn’t mean you are a failure. It means
that you have
to do more for 2020 so your business will be better. These are the reasons
why you failed to meet your goals and what you can do about it.
Your goals were unrealistic
If you try to
look back at what you were trying to achieve in 2019, you might realize that
they were too difficult for you to reach. You didn’t fail to do your best, but
the standards were way too high. Therefore, even if you did everything you
could, you still didn’t
reach those goals. For 2020, you need to set realistic goals so you won’t
feel frustrated with the results.
The start of the
year is usually the most motivating part. You are excited to achieve the goals
that you set. Therefore, your first quarter is the best in terms of profits.
You eventually became complacent. As a result, the following quarters suffered.
The take away is that even if you did well at first, it’s no reason for you to
stay complacent. You need to do your best and work as hard as you can.
anticipate your competitors
When you plan
your goals for the business, you also have to consider
your competitors. It’s crucial that you understand what their potentials
are. If they suddenly soar and do a great job, it could adversely impact your
business. The sudden rise of new businesses in the industry was something you
didn’t expect, and it destroyed all your goals. This year, you need to think
about how the others could do a better job, so you can come up with alternative
If you saw the
numbers and you didn’t like what you were seeing, it might be a reason for you
to feel discouraged. Instead of working harder, you decide to just let it be.
As a result, the rest of the year was a disaster. Not everyone has the same means
of dealing with failure. If the year isn’t over yet, there’s still time to make
up for the losses. You can’t give up in the middle of the night. In fact, even
if you failed close to the end of the year, there’s always another year for you
to make it up.
You failed in
2019 for some reasons, but it’s not indicative of the future of your business.
You can still do a better job in the future. Work hard and plan well.
and featured image from http://www.amazonswatchmagazine.com/wp-content/uploads/2017/01/2-1.jpg
image from https://www.entrepreneur.com/article/324337