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New Year, New Business Goals

Business GoalsAs the hustle and bustle of this busy stretch is finally starting to slow down allowing you to catch your breath, it’s a great time to take a moment and reflect on the year as a whole. This is also a great time to look forward and set new goals for the upcoming year. While folks typically set personal New Year’s Resolutions, it’s also important to set professional goals as well. Business goals are essential as they offer a sense of achievement and purpose and help outline the direction you are looking to take in the new year.

Consider these tips below on setting and achieving your business goals in 2020:

Define Specifics

One of the main aspects that can cause headaches with setting goals, is not making them specific and measurable. The best resolutions are quantifiable ones. For instance, if one of your goals it to close more loans this year, set a specific number of loans you’re looking to close. You can even take it a step further and define an amount you’d like to close month by month to achieve the year-end goal.

Make Them Achievable

When setting goals, it’s important to set ambitious goals, but not unachievable ones. Look back at the previous years to help determine a new goal. Use this data to set educated goals for this next year. Going back to the previous example of closing loans, determine the number of loans closed in 2019, and 2018, and look at the growth between those numbers. You can use that data to determine a new ambitious and achievable goal for 2020. You’ll want something you can work towards, but not something that seems so out of reach you lose motivation.

Evaluate Your Goals Monthly

If your goal is something that could take all 12 months to achieve, then break it down into smaller increments, so it doesn’t seem so unobtainable. Then each month check-in on the progress of your goals. Set monthly meetings focused on evaluating them. Are you on track to achieving your goals? Does something need to change, or a process updated to help you reach the goals? These strategizing meetings are important for achieving your goals and for the progress of your business.

Celebrate Achievements

Celebrate the large and small achievements you’ve accomplished towards your goals. Whether it is celebrating a monthly goal completed, or achieving the big year-end goal, it’s important to celebrate each step of the way. This is especially appreciated in bringing your whole team together to share in the successes. Including everyone helps keep the whole company motivated in reaching these goals.

Utilizing these tips above will not only help you set and reach your goals, but it will help you celebrate all the steps along the way. Always stay confident that your business goals are within reach and each step you take is a forward movement towards achieving those goals. Plus, we’re here at Bridge Loan Network to help you achieve your goals this year. We’ll help you organize your pipeline allowing you to connect with more clients and close more loans. Contact us today to learn how we can help you reach your goals in 2020.