Setting the right growth goals for your business

If you’re going to grow your company in the right way, pinning down your goals and having a clear vision for the business from the outset is vital.

You may want to increase profits and create an income that supports your lifestyle, or you are looking to increase market share and aim for hyper growth.You may even be aiming to increase the overall value of the company to get the best return when exiting the business.

So, how do you define the goal that’s right for you?

Driving your performance over time

Your financial model will drive the way you generate value, so it’s important to make your business strategy fit the goals and type of growth you want to attain.

To set your finances up in the optimum way, you must:

• Know what you want to achieve with the business – decide if you’re aiming for lifestyle, hyper growth or return on investment and make this your key business goal.

• Align your personal goals with the business – so your finances can be set-up to deliver the cash you need, with the best return and the most effective tax liability.

• Track and measure your performance – allowing you to see how you’re progressing against your goal, and provide a scorecard to drive your ongoing business strategy.

Talk to us about about goal-setting

If you’re looking to grow your business, we’ll help you talk through your core vision, define the most effective goals and set up your finances to achieve these aims.

Get in touch to talk through your business goals.

If you have any questions, contact us and let us help, click here or call 
Bendigo 03 5445 4777
Melbourne 03 8621 8100

Resource: BOMA Marketing