LESSON #14: Setting Goals for Your Business

In the previous lesson, we talked about getting a vision for your business.

A vision is the big picture of where you want to go. You need to have a vision, otherwise you won’t be motivated, and you won’t have a clear direction for your business.

However, a vision needs goals and plans to go along with it…

(Watch this video…)

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Main points:

  • Vision vs. Goals. A vision is the big picture of where you want to go; a goal is a specific milestone that helps you get closer to your vision.

  • Important requirements for goals:

    1) they should be specific (measurable)
    2) they should be serious, but attainable
    3) they should have a deadline

  • For example: a goal may be to earn $10,000 of net profit before December 31st.

  • VERY IMPORTANT: Write your goals down, and keep them in sight.

  • (Story about the Harvard MBA graduates…) Those with written goals made 10X the income of everyone else combined.

  • I use a whiteboard… but a piece of paper is fine too.

  • You can have short term goals, long term goals, and everything in between.

  • Re-evaluate your goals periodically.

  • When you reach a goal, be sure to celebrate for a few minutes before setting the next goal.

    Action steps:

    1) Write down one goal, and put it somewhere near your computer.

    (Also please post it in the comments below)

    It should be specific, attainable, and it should have a deadline.

    Keep in mind that you will need to keep setting new goals for yourself as you build your business. As you continue with these lessons, it will become more apparent what your goals should be, so write them down frequently as you go through the process.

    Now you will need to develop a plan for reaching your goals, and I’ll be talking about that in the next lesson.

    As always, you are welcome to post your questions and comments below.

    Have a great day!

  • 874 comments on “LESSON #14: Setting Goals for Your Business

    1. Tom

      My goal is to be making $300 per day by June 6th, 2014

      Tom

      Reply
      1. Maureen Shelly-Burns

        I want to get my website AbundanceResources up and running by January 1 2015. I currently have bids in with 5’ver.com to help create it. They should be responding sometime in the next week. I want to get a PayPal account to go along with it as well.

        Reply
    2. Frank R.

      My goal is to be making a residual income of at least $1000 per month by July 1, 2014.

      Reply
    3. Ron Pool

      My goal is to be making $1000.00 per month by July 1, 2014 from an online business.

      Reply
    4. Haytham

      Thanks Eric,
      It really honors me to know friends like you,
      My goal for this month as a beginner is to “Earn $250 from CB products By email marketing”

      Reply
    5. Joseph Cheek

      My goal is to make $5,000 per month by this date next year, April 16, 2014.

      Reply
    6. Sanjay

      My goal is to earn $ 10,000/ per month by March 2015 and to reach $ 1 million mark in next two years i.e. by March 2017.

      Reply
    7. Mayans

      My short-term (hopefully) goal is to digest and remember ALL the info. from these lessons and make my first dollar online ASAP.

      Reply
    8. Stephen Shrubsall

      Week 1 anything will do week 2 500$ monthly 2000 quarterly 6000half yearly20000yearly60000
      2nd year 120000 3 year200000 4th year 1 mill to 3million 5th year mmmmm skys the limit so limitless

      Reply
    9. Grenell Stocks

      My goal is to reach $10,000 / month by August 31, 2014

      Reply
    10. Yaron

      My goal is to make $500 per month by the end of 2014 from my online business.

      Reply
    11. Irene Tamblyn

      My goal is to learn and have a successful online business earning around $1,000.00 a month by 31st December, 2014.

      Reply
    12. Catherine

      I will be making $800/mo in my new online business by the end of June 2014. That will Jump to $3000k then again in August it will jump to $5000K/mo by August 2014
      It will move to $10k/mo by October to end the year making 50K or better by Dec 31st 2014.

      Reply
    13. Terry Carroll

      Eric

      This video is music to my ears and one that I can relate to and compare with offline similarities in the 30 odd years experience in the construction industry.
      It is second nature to me to set goals, associated plans and end game targets, which were all fundamental to achieving construction programme s and handover targets.
      I know you have previously said that online measures can be compared to offline business practices and this particular example is one that I can readily endorse.
      Thank you

      Terry

      Reply
      1. Jan Shewan

        I am so happy and grateful I have a $15,000 sports car 15/09/2014

        Reply
    14. TJ Urbom

      Generate $1,000 per month from all online ventures combined by August 15th, 2014

      Reply
    15. Gordie Chase

      My short term goal is $5,000 in 90 days Iv’e been at it for 46 days and haven’t made a sale yet, but that doesn’t discourage me I just tweak what I’m doing and use another approach. Since click aren’t my problem I’m now working on conversions. My long term goal is $20,000 a month in six months and the only thing holding me back is me. Work on yourself and everything else will fall into place.

      Reply
    16. hans

      Hi Eric, my goal is to have written a blog post about how to arrange for choir by the end of May 2014.

      Reply
    17. Nuno

      My current goal is to learn and apply this IM course starting by doing affiliate marketing with the given products and make my first $300 online by 16 August 2014.

      Reply
    18. Alonzo Cromer

      My goal is to have all resources named in Eric’s Tips,(Lesson 8) to start an online business and to read 3 books related to marketing, including “Cashflow Quadrant by June 30, 2014

      Reply
    19. Julius M. Scott

      Eric, my financial goal is to earn $10,000/month by April 17, 2015. My spiritual goal is to publish two Bible Study books by that date.

      Reply
    20. Jim Dickerson

      My material goal is to wholesale another real estate contract by December 1, 2014

      Reply
    21. Richard Brecknock

      My first goal is to learn all that I need to be able to decide on first business niche and set up website/s as appropriate and start marketing before end June 2014.

      Reply
    22. Elsie

      Hello Eric – I guess you know the SMART goal formula? Specific…Measurable…Achievable…Realistic…Time-bound. Your 3-step one is good, but SMART goals are an even better way to break it down. My husband and I often do that to each other in fun. Now – I need to put it into practice!
      My long-term goal would be to be financially secure and independently wealthy (minimum of $300K yearly income) by the end of 2018 – 4 years from now when I am 55. A bit of a late starter, but I will get there! My short-term goal would be to actually digest, implement and retain your information so that I can start my first SUCCESSFUL) online business by the end of July 2014.

      Reply
    23. Harold J roush

      Hi Eric,
      1st Goal is short term; that is to get my internet business up and running by the end of July 2014 todays date is July 2, 2014 and being profitable, in monetary measure means $2,600.00 per month.
      2nd Goal mid term; to scale my business up to an monthly revenue of $10,000.00 a month want to achieve this by the end of calendar year 2014.

      Reply
    24. George Kerr

      This is my one goal
      To find 6 offline customers for PL product, within the next 30 days,

      Reply
    25. Mimi

      My goal is to have a one page business plan for my new online business by August 10, 2014.

      Reply
    26. Barbara

      My goal is to have finished all Eric’s tips lessons by Sept. 1, 2014 to generate $2500.00

      Reply
    27. Roberta

      My goal is to make $500 by August 31, $1000 by September 30, $2000 by October 31, $4000 by November 30, and $8000 by December 31. I want to keep doubling my income and then explore what’s next.

      Reply
    28. George

      My immediate goal is to have my online business up and running, and make $500 by 31st August 2014. Then build the business to make $3000per month by 31st October 2014, and $5000 per month by January 31st 2015

      Reply
    29. Kayla

      My goal is to publish 3 full articles on Blogger by September 28, 2014

      Reply
    30. Eliza

      Hi Eric,
      My short term goal is to learn Internet Marketing from Eric’s Tips (100 Lessons),
      then continue to NCIS (90 Lessons) and finish by end of the year 2014.
      Though this is not an ambitious goal but it’s SMART.
      My long term goal is to earn as much as I could.

      Reply
    31. Arthur Phillips

      Hi Eric,
      This one;
      I will like to Have my Internet business up and running by the end of November 2014.
      God’s will.

      Reply
    32. Robert Hughes

      My first goal is to be making a minimum of $100 per week by Dec. 31st, 2014.

      Reply
    33. Andrew

      My goal is to make at least $500 before Dec. 1 , 2014.

      Reply
    34. Dominique Richard

      My goal is to make $ 5000 a month by end of october 2014 .

      Reply
      1. Paul G.

        Great goal, Dominique !

        Reply
    35. Joseph H

      My goal is to submit my energy bid to National Grid by November 7th of 2014.

      Reply
    36. Paul G.

      HI Eric !

      My goal is to increase my annual income by $ 10,000.00 per year by the end of 2015.

      Paul

      Reply
    37. Roger

      My 1st goal is it have all my credit cards paid off by January 22, 2016. My long range goal is to have a net worth of $1 million by January 22, 2020.

      Reply
    38. Patrick

      I have ONE goal today:

      Make ONE sale on the Internet.

      I know that if I can make just one sale that I can make thousands of sales. But making that first sale is a hurdle for me. I know it can be done, and I WILL do it. That first sale will be the template for making every future sale.

      Reply
    39. Kirk

      My goal is: To make $100,000 by Dec. 1, 2015 from my online business.

      Reply
    40. Mary Beth

      My goal is to complete Eric’s Tips and get my internet business started by February 1, 2015. My next goal is to make $3000 a month by July 1, 2015 and $6,000 a month by the end of the year.

      Reply
    41. dina pinirou

      My goal is to have my internet business up and running by january 15th 2015
      By the end 2015 to make 25k pm

      Reply
    42. Patrick

      Make $1,000 online using the information from Eric’s Tips by December 31, 2014.

      Reply
    43. Stinky McFarten

      My goal is to get my 3 hemp sites finished and updated by dec 31 2014. Today is dec 14.

      Reply
    44. Eseigbe

      My short term goal is to finish this training and set up my online information business by the 31st of December 2014.
      The Mid term goal is to start making at least $3K a month for the first quarter and raise the bar in subsequent months to achieve a monthly income of $10 to 20K which will ultimately peak to $50K by the end of 2015.

      Reply
    45. Christine Aurand

      My goals are as follows:
      short-term//reach $2000.00 by the end of January 2015//reach $5000.00 by end of February 2015 and $10,000.00 by end of March 2015.
      Intermediate//reach $50,000.00 by end of June 2015//reach $100,000.00 by end of November 2015.
      Eric, I must say that you are inspiring. I have listened to and invested time and money in several of the guru’s and their systems and have been sorely disappointed and have not made a cent.
      With your direction, coaching and no frills approach, I am confident that I will be successful with this venture.
      Thank You!!

      Reply
    46. tony

      My goal is to have my website up by Jan 15 2014

      Reply
    47. Carrie

      My goal is to make $50,000 by the end of 2015 through an online business. My long term goal is to have liquid assets exceeding a million in five years.

      Reply

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