We’re coming to the end of our six-day challenge that will help us use business planning to create explosive growth in traffic, customers, and most importantly income. If you missed the other posts in this series, you can find them here:
Much of what we’ve discussed so far has been actionable steps like writing down your goals as well as mindset pieces like the one about stepping out of your comfort zone. Today is all about taking what we’ve discussed so far and combining it into something that can give you that explosive growth you want.
When you use the basic concept of exponential growth to your advantage, it doesn’t take very much progress in any one area to see big results. We briefly touched on this idea back on day three when we talked about increasing traffic, subscribers, and sales to add to our bottom line. Today we expand on this whole idea in a few different ways and tie it all back into setting goals and business planning in general.
The idea I want to address in this post is to make progress on your goals by stacking them in a way that gives you leverage. Let’s say, for example, that your first goal is to grow your current part time income by $500 a month so you can quit your day job. Following the example in the previous blog post, you come up with a way to get that done by growing your traffic, subscribers, and customers. Since you were able to then quit your day job, you have more time and energy to put into growing your business. You set more ambitious goals and add another $2,000 to your bottom line. Instead of taking everything out in profit, you decide to continue to work on this whole leverage idea.
You set aside $100 a month to play around with Facebook ads to see if you can get more people into your sales funnel. You take another $200 to start outsourcing some of the ongoing tasks that hold you back. You hire your first VA and now you’re really making progress. This in turn gets the attention of a fellow online entrepreneur in a related niche who wants to work on a project together. Do you see how this works?
One goal builds on the next and they all work together to generate exponential growth. Of course this is just one example. Goal stacking can work in many different ways and will of course differ from one business to the next. It also works with both income goals and impact goals.
Whatever type of business you run, you can set an income goal this month, and a goal of reinvesting that income back into your business next month. Or you can set a goal to grow your subscribers and social media followers to a certain level this month, with the plan to launch a new product, or promote an affiliate partner’s launch, next month.
If you start to think strategically and keep one eye on your next few moves, you can start to stack your efforts and engineer that explosive growth in a lot less time than you may think.
Need help with business planning this year? Consider the Slay Your Goals planner, currently available with the free new year bonus, 10 Quick and Easy Goal Slaying Hacks.
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