Aug 27 • FREE-Sources: Tools & Tips
🚀 Understanding Goals & Strategy (Made Simple)
Every business needs to know where it’s going (goals) and how it’s going to get there (strategy). Think of it like planning a road trip:
- Goal = The city you want to reach.
- Strategy = The route you’ll take to get there.
**Without both, you just drive around wasting gas.**
1. Why Setting Goals Matter 🎯
- Goals give your team direction (everyone rows in the same direction).
- Goals help you measure success (did we make it to the “city”?).
- Goals keep people motivated (progress feels good).
+ Example: A bakery might set a goal: “Sell 100 cupcakes this week.” That’s clear, easy to measure, and gets everyone working together.
2. Strategy: Picking the Best Route 🗺️
Strategy is about choosing the best way to reach your goal. Businesses usually think about:
- Cost Leadership → Be the cheapest (like Walmart).
- Differentiation → Be the most unique (like Tesla or Apple).
- Focus → Serve one small group really well (like a local vegan café).
+ Examples: If your goal is to sell 100 cupcakes, your strategy might be:
- Offer a buy-one-get-one deal (cost play), or
- Create a special flavor nobody else has (differentiation), or
- Market only to kids’ birthday parties (focus).
3. Effectiveness: Did It Work? ✅
It’s not just about setting goals or making plans—it’s about checking if they actually worked. This means asking:
- Did sales grow?
- Are customers happy?
- Is the team motivated?
+ Example: If the bakery tried selling “spicy jalapeño cupcakes” and nobody bought them, the strategy failed—even if it sounded exciting.
4. Build Your Own Strategic Approach 💡
Here’s how you can do it for your business:
- Pick 1 clear goal → (e.g., “Get 5 new customers this month”).
- Choose your strategy → Cost, differentiation, or focus.
- Test it → Run with it for a few weeks.
- Check results → Keep what works, drop what doesn’t.
👉 Your Turn (Challenge)
In the comments, share:
- One goal you want for your business in the next 30 days.
- Which strategy you’ll use to reach it & why(competitive cost, unique offer, or focus on current strengths).
This will help you start thinking like a strategist—not just an entrepreneur.
Don't forget‼️: #🌊 SWOT & Blue Ocean - Strategize Your Offering is a great place to start to develop some perspective on what environment you are attempting to win in. We give a step by step breakdown of how to establish a SWOT analysis. > This is crucial to prove to potential investors or stakeholders that YOU are serious about growing your business. Don't be afraid to ask questions, we are here to grow together.
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🚀 Understanding Goals & Strategy (Made Simple)
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