Planning For Your Online Business

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Is planning for your online business important? Obviously, it is. The old adage that if you fail to plan means you plan to fail has some truth to it. You have to decide in advance what you will do, what will give you the greatest return for the investment of your time and resources, before you even start. If you don’t, then you’ll drift through your day. But, how can you plan so that during each day, you accomplish something important?

Here are five suggestions:

1. Start by thinking about what you want to achieve? What would a successful day look like to you?

Most people make a to-do list, but everything is listed in the order in which it was put on the list. By default, that makes everything of equal importance. But you and I both know that some things are far more important than others. That means that you need to take some time to rearrange the tasks so that you accomplish what’s most important first.

2. Set short and medium term goals.

It’s been demonstrated time and again that those who accomplish their goals most frequently wrote them down ahead of time. So regardless of what it is that you want to do, you’re more likely to do it if you record them.

It must be said that simply recording them does nothing in and of itself. You must review them every day so that you can take the appropriate action.

3. Set a time line.

This is one area that I think baffles people. Many people, including myself, find that the activities we plan take twice as long as we had imagined. Another challenge is that it’s nearly impossible to guess how long something will take if we’ve never done it.

But, if you think about how much time is required to do some of the parts of the task, then you can at least allow for that. But if you overestimate the time it will take and underestimate the time that you have available in your work days, then you should do just fine.

4. Remember the 80/20 rule: 80% of your results comes from 20% of what you do. Take some time to figure out what you do to identify which is which in your work.

5. Decide how you will measure your success. What is the impact on your business of what you’ve accomplished? How have your capabilities increased?