How To Create and Develop the Goal for Your Business
Hey, it’s Cash Flow Mike and I’m walking through the neighborhood, and they have just completed the groundwork for adding more houses. I’m looking at newly developed land in our subdivision and I thought of the small business owners I’ve worked with over the years and what it was like to start a new business. It all starts with developing a goal for your business.
Right now, the ground is ready to build on, and the builders are selling the lots. That means in the near future I’m going to have new neighbors and new stories to tell.
So what do you do with land like this when somebody buys it? The new owners have a dream. They’ve got a vision. They’ve got a future. They’ve got, well here it is, a Start With The End In Mind. Right? It’s just like your business you’ve got to start with the end in mind.
When they break into this land and they start to build the foundation for a house, that’s exactly what you’re doing. You’re visualizing what this piece of property, or your business is going to look like in the future. And as the saying goes, if you want to know what the future holds for you and your business, you have to bring it to the present.
a. What does your idea, the thing you put your blood, sweat and tears into look like?
b. What does it cost?
c. Can I afford it?
For you to start thinking about the future, I built some worksheets for you. These worksheets ask you to consider building transferrable value in your business.
What’s transferrable value? It is determining what you want to do next. I mean after you leave your current business. Maybe you want to retire or sell this company and buy into a different type of business. Whatever your goal, the process of getting there starts today. It starts with making up your mind about what you might want to do and applying a value (or a cost) to achieve your goal.
Once you know how much it might cost to fund your dream. Use the backwards planning method to help you build a plan to make it happen.
You can use my worksheets to get the process started. Just click the link below and download the Start With The End In Mind Calculator and in no time at all you’ll be seeing your future!
Best wishes for success,
Cash Flow Mike
JOIN THE FREE FACEBOOK GROUP TO DOWNLOAD THE WORKSHEET
P.S. Whenever you’re ready… here are 4 ways I can help you improve cash flow in your business:
1. Grab a free copy of my book
The 7 Minute Conversation is a HOW TO book to analyze any company’s financial statements in 7 minutes or less, including a super valuable lesson on expense control. — Download Here
2. Join the Clear Path To Cash – Mining Your Business For Hidden Cash Facebook Community
It’s our new Facebook community where business owners who are using the concepts taught in The Clear Path To Cash, share lessons learned and get advice from my team and each other. — Join the Facebook Group
3. Participate in a Live Virtual Clear Path To Cash Seminar
Some people like self-study and can learn concepts through a book or video series. Others, like me, need to be in a classroom style environment and be walked through the concept. We offer a Virtual Seminar each month. It’s only 3 hours per day for 2 days, and you learn the 8 Steps in The Clear Path to Cash Program. I love this one so much I teach it myself. — Virtual Seminar
4. Work with me and my team privately
If you’d like to go over something outside of a group setting, no problem. All you have to do is click this link to schedule a 15 minute Triage Call. In 15 minutes, we see if my team can help you with your problem. Sometimes we can give you some advice on the spot, other times we will invite you to a longer Burning Issues call, where we dig into the issue a little deeper and give you some great advice. Even if we don’t believe our program is a good fit for you, we try to connect you with the right professional from our network of friends. — Schedule Your Triage Call