We talk about so many aspects of choosing, starting and operating a home business here in the Home Business Blog, that sometimes we get away from some of the core basics. Periodically, I like to come back to those subjects which can actually be at the forefront of many of our minds on a regular basis. While there are many different reasons for starting a home business, chances are financial goals have a role in just about every entrepreneur’s home business plan.
Setting financial goals is one way of having a definite plan to guide your business, but it is also a way of taking control of one’s financial future. While we do need to remember that a “goal” is not a guarantee or a promise, it is a way of putting our dreams and hopes down on paper and trying to come up with a plan for how our home businesses can take us there. Financial goals do not need to be consuming–it does not have to be something that you look at every single day and stress over columns in a ledger or a spreadsheet, for some of us, just having basic, written financial goals as a guide to work toward will be enough to keep us on track with our home business operations.
For me, I find that having annual and monthly goals are good for my motivation and focus, but I also need a little flexibility or I can get obsessive and stressed when life interferes with my business. When I step away to take care of other things such as family, responsibilities, etc., I can bring myself back to my business by coming back to those financial goals and reminding myself why I am working so hard and what exactly it is that I am working toward.
Also: List of Financial Goals
Setting and Re-evaluating Financial Goals