Setting Financial Goals for Business That Align With Your Life
Everyone in business is not supposed to have the same financial goal. Whether it's £5K months, £10K months, 6 figure launches, 6 figure years, or 7 figure years, no one in business is going to make the exact same amount of money. Why is that? Read on to learn the reason along with some advice for setting financial goals for business that align with YOUR life.
Why Everyone Should Have Different Financial Goals for Business
There are a few reasons why everyone's financial goals should look different. Your audience, your goals, your lifestyle, your work capacity, and the time you have available are all unique to you and your business. None of these things will look exactly like someone else's.
In no other industry are we so focused on just the money, but we're also focused on the life that it brings us. If you were to have a job or career outside of the online business space, you'd want to know how many hours you'd work, how many bonuses you'd have the opportunity to secure, how much vacation time you'd receive, etc.
Therefore, when you're thinking about the growth of your business, you should ALSO consider these things.
Financial Freedom Looks Different for Everyone
From a financial standpoint, financial freedom will look different for everyone in business... and it should! No matter what that looks like for you, you need to be celebrating every financial milestone for you and your business and think about what that means for your lifestyle.
Having a financially successful business that brings in £10K cash months is pointless if you're working 7 days a week, 10 hours a day. You want to be creating a lifestyle that you can enjoy, not just another job or another burden.
You want to create a business that aligns WITH your life, not the other way around. Your business should give you flexibility, but also make sense to you financially.
Things to Think About When Setting Financial Goals for Business
When you're actually setting financial goals and targets for your business, don't let it just be about the marketing numbers. Let it be about the lifestyle that you actually want to live and enjoy.
You have to be in tune with what you want your life to look like, day in and day out. Your business is not the main focus here. Your LIFE is. Your business has the potential to fuel that life, so make sure it is on track for the life that YOU want to be living.
When setting financial goals, take some time to look at your:
Health and wellbeing
Financial commitments and targets
Then build your business from there.
3 Questions to Ask Yourself When Setting Financial Goals For Business
When setting your financial goals, it's important to ask yourself a few key questions along the way to ensure you are setting goals based on what YOU want.
Are you basing your business success on someone else’s goals?
Are you becoming discouraged because you’re not hitting a goal that someone else has set?
Are you aiming for the next thing because you are seeing someone else aim there?
Don’t fall victim to building something just because you see someone else doing it. This is your business and your life, so build it your way and make sure that everything you do is in alignment for YOUR lifestyle.
If you’d like support in growing your business your way, be sure to grab a spot in my "You Can Do This" masterclass training!