Keeping score
In business keeping score means remembering all your achievements, milestones and goals met. This may not sound important, but they are critical to showing how far you have got and how well you are improving your business. Things that can be noted include;
Becoming incorporated - If you are started a limited company, the day you receive your certificate of incorporation.
You get finance - Someone agrees that you have a good business plan and gives you some cold hard cash.
Your first employee - Most of the things you learn about employing people will come from your first employee.
Opening you store/website - Should always be done with a bit of a fan fare, this will definitely be a day that you will one day look back on with nostalgia.
You first product - The first product that comes of the assembly line if you are selling something new.
Your first enquiry - Someone knows you exist.
Your first customer - Very important milestone, most people remember their first customer for years. Your business has started.
Your first word of mouth customer - Someone has recommended you, definitely on the right road.
Someone praises you - The press, an Internet reviewer, on a forum, anyone.
You first bit of income - Money starts coming in, always a relief.
Your first bit of profit - You managed to sell something, pay costs and you have a bit of profit, it can only get better.
Your first year - You managed to make it to one year, 50% of new business don’t.
A year or two after you set-up your business chances are you will look back at your achievements, you’ll see how far you have come, and remember all the struggles you faced and how you overcame them.
