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Paragon Acquisitions discusses the Importance of Setting Business Goals
Paragon Acquisitions based in Southampton City Centre prides itself on setting standards and sticking to them. After only being in business since the spring of 2013 the company has managed to make a net profit of over £5000 per week.
By: Paul J. Meyer, Paragon Acquisitions
Paragon Acquisitions announced this week with the promotion of their senior corporate trainer Zoe Gray, strategies for small businesses on how to achieve the goals of their 2013 Management Plan. The primary goal of this new management plan is to promote growth which Paragon Acquisitions’
Studies have shown that business fail because of lack of focus. This focus can be found through the process of setting business goals. A goal is considered to be a marker, in which businesses strive to reach. These markers also map out a path for businesses to follow which is important to the success as it aides in a checklist of achievement and notates how much more is needed to reach the end result.
Paragon Acquisitions uses the S.M.A.R.T. Attributes developed by Paul J. Meyer in his book Attitude is Everything.
The attributes defined by Meyer are first specificity:
Second, check if your goal is measurable.
A is the attainable goal defined by Meyer. You can attain almost any goal you set when you plan your steps carefully and set a schedule to carry out those steps. Goals that may have seemed far away and out of reach eventually move closer not because your goals shrink but because you grow. When you list your goals you build your self-mage. You see yourself as worthy of these goals and develop the character that allows you to have them. Is yearly revenue of £50,000 attainable for a crafting business? When you are the only employee, during the first year, maybe not. But, it is better to know this at the beginning when setting up your goals then at the end of the first year when it could break your confidence.
Next, are your goals realistic? To be realistic a goal must be something, which you are willing and able to do as a business. A goal can be both high and realistic however, as the business owner you are the only one who can decide just how high your goal should be. Be sure that every goal represents substantial progress. A high goal is frequently easier to reach than a low one because a low goal exerts low motivational force. Every goal may be workable in time but can that be the case in your business right now? Would it be better to set a new goal for a lower amount or increase your client portfolio?
The final step in goal setting is time. Set a deadline for your goals. Open-ended goals are easy to ignore. They create excuses that can ruin your business. Set a reasonable time limit that will motivate and not demoralize you. Business goals set a tone for your business and keep you focused on the end results you want to achieve.
Using the S.M.A.R.T. techniques religiously Paragon Acquisitions has been able to increase their sales productively since opening in only a few months. Their immediate success has allowed upward progression for those who surround themselves in the business and commit to the same S.M.A.R.T. attributes. Paragon Acquisitions hopes to open another office by the beginning of 2014 as their marker for success is halfway there.
Paragon Acquisitions has the ability to deliver a service to an extensive range of new and existing clients, with the facility to enter new target markets throughout Hampshire and the UK. Paragon Acquisitions provide an effective and efficient model to their clients, allowing them to provide considerable awareness of behalf of their products and a vast customer base for the future.