When it comes to owning and running a business, owners who don’t establish clear and substantial goals at the start are setting their teams and company for failure. Goals provide anyone — from individuals to multinational corporations — with a clear understanding of what it is that they’re trying to accomplish whether for short or long-term, gives their activities and tasks more meaning, and provides a reason or motivation for their actions and decisions.
While a business owner is guaranteed to avoid the many hazards and risks that come with running a business by keeping track of their business goals and setting plans accordingly for scenarios that they may encounter while on this track, 80% of business owners still fail to track their goals, and as such, lack a clear perspective on where they should go. This makes for a chaotic business where nobody knows why they’re doing things and where they should be headed towards.
But are goals really that important for a business? Check out this infographic by Business Coaches Sydney to learn more about why you should have goals in your company.