What is your definition of success? | Bizdom

Blog
Events
News

FEATURED.

Cashflow freedom – The 7 causes of poor cashflow

Mark Greer. BUSINESS PLANNING

Cash is the life blood of any business. In fact, even profitable businesses can and do fail because of poor cashflow. What’s important is that you understand your key cashflow drivers. Improving cashflow is often all about changing your business processes. Processes such as how you order stock and pay for it, how you bill […]

READ MORE
Back to the BLOG page

What is your definition of success?

Posted 10 months ago in LEADERSHIP, LIFESTYLE

If you could define what success looks like for you in your business what would you say?  Is your definition measurable?  Will you know when you’ve got there and can you measure your progress along the way?  Here are some suggestions to help you get your definition really clear:

 

  1. Work out what is most important to you – just as they say on aeroplane safety announcements, put the oxygen mask on yourself first.  Think about your relationships, your family, your health, stress levels and what you love doing both at work and away from work.
  2. Define the lowest possible income level you need to survive – so often we set ourselves targets that are unachievable or out of reach.  The further we are away from our financial goals the less happy we will be.  If we lower our income sights we can work less and therefore have more time for the things that we love doing out of work.
  3. Define the hours of work you want to do each week – refer back to point one and work out which activities you are currently doing that can either be delegated or dumped.  Remember that you choose to work the way you are now and you are in control.
  4. Define what holidays you want this year – make a clear plan as to when, where and with who.  Setting a clear vision and plan for holidays drives you to implement the strategies needed to make the holiday happen.
  5. Set targets for the things you want to do outside of work – these may be the numbers of hours for exercise, reading hours or number of technology free hours.
  6. Set up a measuring system – for example, if you’re going to work 35 hours per week then measure this EVERY week.  If you plan to read more then set a target and measure this as you go.

Of course none of this is rocket science – it’s just that most of the time we are all too busy in the day to day ‘noise’ to get around to doing it.

 

A great way to get clear on what success looks like is to develop or update your business plan.  In your plan you should have a section defining ‘what you want to have.’  This section is where you include your definition of success.

Talk to us about how we can help you.

 

Success is not in what you have, but who you are

– Bo Bennett

*Mandatory fields. Your email address will not be published.*