How Do I Build a Goal for My Business?

Short Answer: To build an effective goal for your business, calculate how many jobs you need to close each day. This involves dividing your total annual jobs by the number of working days in a year. For example, if you aim to close 1,000 jobs in a year and work 300 days, you need to close about 3.3 jobs a day, with an average job value of $10,000.

Full Explanation

Creating a solid business goal starts with understanding the quantity of jobs or projects you want to complete over a specific timeframe. By knowing your total annual jobs and how many days you operate each year, you can break down your big-picture objective into manageable daily targets. This helps ensure consistent progress and keeps your team focused on daily achievements that aggregate into your ultimate goal.

Step-by-Step Breakdown

Determine your total annual jobs: Decide how many jobs or projects you plan to complete in one year.
Calculate your working days: Identify the number of days you will actively work in that year (for example, 300 days).
Divide total jobs by working days: Divide the total number of jobs by the number of working days to find out how many jobs to close each day. This results in daily targets that are achievable.
Consider average job value: Knowing the average revenue per job, such as $10,000, helps you relate daily job targets to your financial goals.

Real Examples

For instance, if your business expects to close 1,000 jobs annually and you operate 300 days per year, divide 1,000 by 300. This calculation gives you about 3.3 jobs to close daily. When each job is valued around $10,000, focusing on completing three to four jobs a day aligns perfectly with your business revenue targets and helps track progress easily.

Common Mistakes

Not accounting for realistic working days in a year, which can skew daily goals.
Failing to calculate daily targets, leading to overwhelming or unclear overall goals.
Ignoring the average value per job, causing financial goals to be misaligned with job quantity goals.

FAQs

Q: Why is it important to set daily goals?
Setting daily goals breaks down a large yearly target into manageable tasks, keeping your team motivated and focused.

Q: What if business days vary?
You should adjust the total working days based on your actual schedule to get an accurate daily job target.

Q: How does average job value affect goal setting?
Knowing the average value helps you relate volume of jobs to your revenue expectations, ensuring your job targets align with financial goals.

Key Takeaways

Calculate business goals by dividing total jobs by working days to find daily job targets.
Incorporate the average revenue per job to align quantity goals with financial objectives.
Daily targets help maintain consistent progress toward your larger business goals.