View Poll Results: Do you establish formal goals for your business and review progress?

18. You may not vote on this poll
  • Yes, I spend just the right amount of time planning and setting goals and reviewing performance.

    3 16.67%
  • Yes, I spend time planning and setting goals but it does not seem to help run the business better.

    1 5.56%
  • Yes, I spend some time planning, setting goals, and reviewing performance, but not enough

    10 55.56%
  • No, I don't really spend time planning or setting goals, but I don't think it hurts how well I do.

    3 16.67%
  • No, I don't really spend time planning or setting goals, and I think it hurts how well I do.

    0 0%
  • Other, please elaborate in a post.

    1 5.56%
Results 1 to 5 of 5
  1. #1
    MichaelCorfman's Avatar
    MichaelCorfman is offline GPWA Executive Director
    Join Date
    June 2004
    Newton, MA
    Thanked 5,680 Times in 1,815 Posts

    Question Do you establish formal goals for your business and review progress?

    Larger businesses tend to have formal budget and business planning cycles. They will establish goals, provide funds to achieve specific objectives, and review and evaluate how they performed against those goals.

    Small businesses often have a very informal process, and sometimes no regular review and assessment is performed. Other small business set goals and objectives and review their performance against them on a regular basis, making adjustments based on reality.

    How about you? Do you have a planning and review process in place that you feel is appropriate for your business? Should you spend more time setting goals and reviewing progress? Or do you spend too much time planning and suffer from not spending enough time doing the work that needs to be done?


  2. #2
    ocreditor's Avatar
    ocreditor is offline Private Member
    Join Date
    April 2009
    Blog Entries
    Thanked 3,806 Times in 2,383 Posts


    Goals and reviews are a must, but too often we get caught up in the regular flow of things to catch up or stop and reflect.
    I recommend setting goals, not for a day or a week, and sometimes not even for a month, but rather for longer time periods...

  3. The Following User Says Thank You to ocreditor For This Useful Post:

    Nicole Sims (26 February 2013)

  4. #3
    hannesf is offline New Member
    Join Date
    February 2013
    Thanked 0 Times in 0 Posts


    I don't set formal goals in terms of numbers.
    I just try to do my best and hope that the rewards will be good as well.

  5. #4
    Zuga's Avatar
    Zuga is offline Private Member
    Join Date
    December 2011
    Thanked 238 Times in 91 Posts


    What i do is toss around ideas with my biz partner and our team and then commit to making them happen. So in that aspect you can say we're setting the goals and planning. Tho to the untrained eye it can look like a casual approach thing ( j/k ) :P

    Our advantage is that we have a pretty big team so we can simultaneously be doing many projects, tho at times some have to be put on hold. Prioritizing so to speak. Organization and coordination is the key, aside from having a good idea, imo.

    Most of the things we do are long term goals. Also we tend to make projections for the year ahead. So say if its about traffic or earnings we dont set a goal per se, but rather discuss what we would like it to be at the end of the year. And then we do our best to make it happen, which bring us back to having a good idea(s) and being creative to being with.

    Naturally you have to be realistic about the goals you set, but with the hard work and dedication and from our experience the results will follow.
    ​LCB Network

  6. #5
    sweetbet's Avatar
    sweetbet is offline Public Member
    Join Date
    November 2012
    Blog Entries
    Thanked 1,573 Times in 1,086 Posts


    I keep a written set of goals that I add to and modify on a regular basis.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts