If you’re like anyone else, you probably dream of reaching 6 figure years in your business. The goal of reaching this number in only the first year of your business is ambitious and exciting but reaching those heights will require a lot of hard work and planning. Here’s what you need to know if you want to hit that target.
Set Ambitious Goals for Your Business
Begin by coming up with a list of short-term and long-term goals. You’ll want to make sure you’re pushing yourself and challenging your business to reach these achievements, but make sure they’re also realistic. What’s important about this step is that you define your goals before starting on your solution.
We recommend starting with the goal of making a livable salary, which is a good way to begin. But how much is “livable?” For example, some people might make the average American salary of $50,000 and feel they are living comfortably. Some may be over or under this number; it just depends on your lifestyle, location, and other factors.
Once you’ve reached this target (and if you have congratulations!), we recommend upping the challenge and going for the 6 figure goal. To make 6 figures ($100k) per year, you’ll need to be bringing in close to $8,000 per month. Though this may feel far out, especially if you’re just getting started, determining your goals is only the first step.
Plan Out How You’ll Reach Your Goals
This is the point where you determine specifically how to reach each goal. By breaking a large goal into smaller steps, there’s reduced stress and you’ll feel more motivated overall. We recommend using a calendar or program that allows you to highlight your large goals, as well as the individual steps it’ll take to get there.
Be Specific
The more detailed your plan is, the more likely you are to succeed at reaching your goals. Break the project down into steps and be as specific as possible. Set realistic expectations for yourself and your clients by identifying exactly what it will take to accomplish each step of the project.
If you’re beginning with the goal of making a livable wage, determine what that number is per month and per year. You’ll want to create short-term goals that lead up to this bigger goal. What will allow you to reach this goal? Do you need to upgrade your website, call more leads, or begin a marketing plan? Small details such as these will work to propel your business to gain more clients, expand, and ultimately make more revenue.
Set Deadlines
If there’s no deadline, there’s no urgency — which means that nothing will ever get done! So set deadlines for each step along the way toward reaching your goal and make sure that every deadline is met or exceeded by as much time as possible.
If your short-term goal is to gain more customers through marketing campaigns, try giving yourself a deadline of 3 days to have the first advertisement created and posted. By setting weekly deadlines and creating daily to-do lists, you’ll break down the seemingly overwhelming goal of making 6 figures into doable steps.
Be Thoughtful in Communication and Marketing
As you work towards making 6 figures in 6 months, one of the most important aspects to focus on is communication and marketing. The marketing portion gains clients and helps bring people to your business, while communication builds relationships and keeps clients for the long term.
While neither of these are tangible steps or goals, they are both important things you’ll want to integrate into your journey. By focusing more time on client interaction and expanding your private practice, you’ll find that other aspects of the business will naturally fall into place, such as trying to gain returning clients. Thoughtfulness in these areas will also solidify a positive reputation and allow you to reach the overall goal faster.
Seek Out Mentors in the Same Field
Mentors can be a great asset in helping you reach your goals, especially if they’ve achieved what you’re aiming for. Don’t be afraid to ask questions, seek advice, or follow their methods. Try joining groups or forums that revolve around business and private practice, and you’re bound to find someone to gain advice from.
Networking overall is a valuable part of business, even if you’re connecting with peers instead of mentors. When seeking out mentors and business peers, remember to be open and listen. We can guarantee that you’ll learn a great deal about the business and pick up tips that will help you achieve your financial goals.
Making 6 Figures Isn’t Impossible, But It’ll Take Hard Work to Get There
If your goal is to make 6 figures in 6 months, we want to commend you, as that’s no easy task. If you’re prepared to work hard and smart, take advice from others, and plan out your goals, it’s certainly attainable. By taking our general advice provided in this article, you’re already on the path to making 6 figures. Good luck in your business journey, and we wish you a future of success.