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Entrepreneur's Toolbox: Scale Success Faster

Business capabilities tied to goals = repeatable success.

Scale success faster by tying your business capabilities directly to your goals.

Your business is more than dollar signs. It's your skill. It's the product that inspired you to take the leap into entrepreneurship. Its' success depends on the systems you put in place. So as an entrepreneur, you're probably asking, "how do I set achievable and realistic business goals?" Answer: Connect your business goals directly to your business capabilities.

What's a capability? More than just a wild idea, a capability is a lasting and repeatable system or skill that your business can lean on for repeated success. In other words, a valuable business capability will help you to achieve the same results over and over again.

For example:

Once your goal is defined, there's more than one way to meet it. Experiment. You may come up with a sustainable, repeatable way to meet your goal and grow your business. Keep looking for ways to improve your pace toward meeting goals.

Remember This: Regularly meeting your business goals relies on your business' well-defined, lasting capabilities.

What's in the Entrepreneur's Toolbox?

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This tip comes from Mike Lenz. Mike is an Entrepreneur and Founder of Tip Yourself where he focuses on habits and changing the mindset around saving money. Hit him up with questions on focusing your capabilities, not dollars @TipYourself on Twitter.

The information in this article was obtained from various sources not associated with State Farm® (including State Farm Mutual Automobile Insurance Company and its subsidiaries and affiliates). While we believe it to be reliable and accurate, we do not warrant the accuracy or reliability of the information. State Farm is not responsible for, and does not endorse or approve, either implicitly or explicitly, the content of any third party sites that might be hyperlinked from this page. The information is not intended to replace manuals, instructions or information provided by a manufacturer or the advice of a qualified professional, or to affect coverage under any applicable insurance policy. These suggestions are not a complete list of every loss control measure. State Farm makes no guarantees of results from use of this information.




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