🚀 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: 1. Pick 1 clear goal → (e.g., “Get 5 new customers this month”). 2. Choose your strategy → Cost, differentiation, or focus. 3. Test it → Run with it for a few weeks. 4. Check results → Keep what works, drop what doesn’t. 👉 Your Turn (Challenge) In the comments, share: 1. One goal you want for your business in the next 30 days. 2. Which strategy you’ll use to reach it & why(competitive cost, unique offer, or focus on current strengths).