Purpose of Goal Setting: Explaining how clear goals give direction and purpose.
Types of Goals: Short-term (first client, first sale) and long-term (expanding services, reaching a financial milestone) goals.
Simple Goal-Setting Process:
What do you hope to achieve? (Example: Earn $300 a month)
How will you know you’ve succeeded? (Example: Reaching three new clients)
What’s your next immediate step? (Example: Create a basic plan for your product or service) some goals, it’s time to take your first steps toward entrepreneurship.”
Types of Goals to Consider
Short-Term Goals (1-3 months): Goals that users can start working on immediately to build momentum.
Examples:
Establishing a Service or Product Idea: “Identify one product or service you can start offering in the next few weeks.”
Setting a Financial Goal: “Aim to earn your first $200 from freelancing or selling a product.”
Connecting with 3 Community Resources: “Visit local support organizations, join online forums, or connect with other immigrant entrepreneurs in your area.”
Medium-Term Goals (6 months – 1 year): Goals to work toward as users gain more experience and confidence.
Examples:
Building Clientele: “Develop a regular customer or client base of at least 5-10 people.”
Learning Key Skills: “Focus on learning one or two business skills, like managing finances or improving your English for business.”
Saving for Expansion: “Set aside $500-$1,000 to reinvest in your business.”
Long-Term Goals (1-3 years): Broader goals that will lead to more significant growth and stability.
Examples:
Achieving Financial Independence: “Aim to cover your personal expenses with business income within 1-2 years.”
Formalizing Your Business: “Consider registering your business or transitioning to a larger business model.”
Expanding Your Offerings: “Grow your business by offering additional services or expanding into online sales.”
Creating a Personal Goal-Setting Roadmap
Guided Goal Setting Questions:
What is my main reason for starting this business?
What short-term result would make me feel successful? (e.g., selling my first product, gaining my first client)
What’s one skill or resource I need to work on this month?
