5 Ways To Achieve Your Profit Goals

By Shenelle Porter

We all have our businesses. Rather big or small we have one goal. And that goal is to boost our profits. So here are 5 ways to achieve your profit goals.

Awareness

Every entrepreneur should know where they are, what is working for their business, and what isn’t working when executing their game plan. Many entrepreneurs are intimidated by the task of viewing their numbers. I’m not talking about your social media insight only, I’m talking about your bank account, business expenses, profit, and revenue.

To fully meet your profit goal, you first must be aware of what you are paying out for business expenses plus the amount that it costs to fund your lifestyle. Once you have that number, you then need to review your current offers and narrow it down to how many of each offer do you need to sell to meet your goal. And that is why Awareness is the 1st of 5 ways to achieve your profit goals.

Confidence

When you find yourself securing a consultation call or offering a product or service in person, having confidence is a must. You could have the best product or service but lose the sale because you were not confident in your offer, pricing, benefits, and features.

If you find yourself struggling with demonstrating confidence during a sales call, find someone that you can role play with. Practice what you would like to say and if you feel like taking it up a notch, type It up and print it out.

Visibility

People need to get to know you before they will feel comfortable spending their hard-earned money with you. You must show up consistently to build up your like and trust factor. Think about it this way, each interaction you have with someone in an interview.

How are you showing up? What sort of lasting impression are you leaving? Showing up consistently is the first part, but when you show up…you can’t come empty-handed and you can’t stay in a bubble. Networking with other pages or business on social media and providing value daily is necessary with increasing your visibility.

Execution

Alright, you have a plan…now what? It’s time to execute! Don’t be one of those people who create great plans, but they never see the light of day because the person didn’t take action. You start at $0.00 every day; it is your job to increase that by taking actions that are in alignment with your profit goal.

Self-discipline

There are going to be days where you flat out don’t feel like working on your business and engaging on social media, on those days I challenge you to dig deep. Remember why you started and think about your goal.

You have to want to reach your profit goal more than you want to do whatever else is acting as a roadblock or distraction. Don’t make the mistake of getting in the habit of letting yourself off the hook, because it will only take you farther away from your goal. If you know that this is an area you struggle with, be proactive and get an accountability partner or hire a coach to keep you on track.

There you have it. The 5 ways to achieve your profit goals. 2020 is going to be your year to smash those goals.

Keep up with Shenelle on her blog here. And you can find more entrepreneurs tips here.