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Setting Goals: Building a Business on Five Things a Day

Building a Business on 5 Things a Day

Building a Business on 5 Things a Day

Setting Goals: Building a Business on Five Things a Day

Starting a business is overwhelming, it could be easy to give up. Instead, commit to doing just five things every day. You'll be surprised by the progress you can make while keeping your inspiration high.

Starting a business is daunting. There is a lot to think about and a lot to do. Coming up with a great idea is only the beginning. What do you do next? And then what?

It’s easy to give up, to think it’s all just too much. Days are busy, months are busy and years are busy. But what if you could just break it down, and do something small every day? What if you could commit to five things a day? Could you start a business? The answer just might surprise you.

Commit to Five Things 

When you commit to doing five things for your business every day, you decide what those five things are. And you make these decisions with the objective that you will be successful. With these little successes comes the motivation to do it again the next day, and then the next, and so on. You begin to make progress and so you continue.

Getting Started

To begin, you could create a list of all the things you need to do for your business. If you need some ideas, you can review MOBI’s “Before You Start Checklist.” Some examples might be: write a business plan, seek funding, pitch the idea, network within the industry, study the competition, create a marketing strategy, produce a prototype, decide on a name, design a logo, build a website, open a business bank account, foster partnerships, seek advisors, hire an accountant, and many more. These are all substantial projects involving several steps and perhaps even multiple people. So the idea is to break it down.

Five Things for Today and Tomorrow

Your five things for today could be:

  1. Complete one session of the MOBI Starting a Business course. (The MOBI Starting a Business course provides a roadmap and templates for writing a business plan.)

  2. Make a list of five potential funding sources. (If you need ideas, check out MOBI’s “Five Key Questions about Funding Your Own Business.”)

  3. Research online web design programs for 30 minutes. (This will help determine if you will build your own website or hire someone to build one for you. There is a lot of helpful information about setting up a website within the E-Commerce session of MOBI’s Starting a Business course.)

  4. Write three talking points to describe my business. (This will provide a start for your pitch and prepare you to discuss your business with many different audiences.)

  5. Spend 15 minutes researching the licenses, permits and operating laws for my business in my state or country. (If operating in the U.S., a great resource is the SBA licenses and permits page.)

Your five things for tomorrow could be:

  1. Make a list of 10 people in business who I admire, invite one to coffee. (That can be two things, or one.)

  2. Write three business name ideas.

  3. Write one paragraph of your business plan. (MOBI's free business plan template can be found here.)

  4. Create a spreadsheet to enter the five potential funding sources you wrote down yesterday. (The spreadsheet can be where you enter contact information and keep a record of communication notes and contact efforts.)

  5. Research one competitor for 30 minutes. (There are a few great blogs on Market Research in the Sales & Marketing section of the MOBI Blog for Entrepreneurs.)

Success Every Day

The idea is that you can make your five things as big or as small as you like. Make them productive but also make them achievable. So at the end of the day, every day, you can say, “I did five things for my business today.” In three months, you will be amazed at what you have accomplished!

 
Entrepreneurship
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