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2010 Business Goals...don't just set a goal - put Action to your goals!

By
Mortgage and Lending with Metropolitan National Bank

It's that time to start reviewing 2009...what worked, what didn't, what do I want to achieve in 2010? 

As you think about these questions and set production goals for 2010, I want to encourage you to take your goal setting one step further...ask yourself "what action steps do I need to take to meet these goals?".  I've read several articles and talked to many professionals who have done this and it is amazing how often your goals become successes by breaking the goal down into ordinary, every day tasks you need to accomplish to meet the goals set. 

Start with the your annual production goal (units or dollar volume).  Then, based on last year's performance, begin breaking this down into monthly activity to meet this goal, then weekly, then daily activities. 

Other things to consider are:

1) How many prospects do you talk to before you get a "Yes"? Based on this, how many prospects do you need to contact to meet your goal?

2) What is your percentage of clients that stay with you through closing?  How many clients do you need to meet your closing goal?

3) How many referral sources do you have and how many referrals do you need from each source to meet the number of prospects desired in #1 above?

4) How often do you need to contact your referral sources to obtain the number of referrals you need? 

When you start breaking your goals into simple tasks, you will be able to monitor your successes based on activity, not closed business alone.  Closed business is the ultimate goal; however, generating activity is the only way to get there!

I encourage you to take some time to evaluate your business and what you need to do on a daily/weekly/monthly basis to meet 2010 production goals.  It's easy, it's productive, and easily monitored. 

Wishing you a Prosperous 2010!

Comments(8)

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Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

Lisa,

Time is the most difficult commodity. Nobody has it enough, no matter how rich or poor. And we often do  not have time to think of something that would help us have more time...

Dec 14, 2009 03:34 PM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

I am feeling stressed getting ready to start the new year! Plans, programs, goals! ARGH! Isn't it great that we get a new start each year!

Dec 14, 2009 03:37 PM
Dona Reynolds
Berkshire Hathaway Home Services Stein Summers - Saint Joseph, MO
St. Joseph MO

Hi Lisa:) Thanks for making Business Goals so simple...I do this about mid December like you, so January 1 we are ready to start.  You are just down the road a little bit anyway.  Happy Holidays.

Dec 14, 2009 03:39 PM
Lisa Schupbach
Metropolitan National Bank - Springfield, MO

Jon - I agree!  Time is definately precious and it never seems like we can fit everything we need into the time alotted.  I have recently learned how to make my time more efficient and do the things that generate me more business....we can waste a lot of time on "stuff" that doesn't help us achieve our goals.

Thanks for the post and have a great 2010!

Dec 14, 2009 03:42 PM
Lisa Schupbach
Metropolitan National Bank - Springfield, MO

Lisa - don't get stressed!!!! Take one thing at a time...focus on it, be preactive, and enjoy this time of year!  And, I agree....I love the New Year -- I get excited knowing I have a clean slate to start all over again!  Have a great one!

Dec 14, 2009 03:46 PM
Lisa Schupbach
Metropolitan National Bank - Springfield, MO

Hi Dona - I am just down the road!  If I can ever help you in Springfield, let me know!

Glad you are already working on 2010 goals!  We get to start fresh and hit the ground running on January 1. 

Enjoy your time with friends and family over the next couple of weeks!

Dec 14, 2009 03:48 PM
Diane Williams
Pell City, AL

What you said about breaking your goals into simple tasks does make it sound easier to obtain that goal.  Good advice. 2010 is going to be a good year.

Dec 14, 2009 03:51 PM
Sharon Alters
ONE Sotheby's International Realty 904-673-2308 - Fleming Island, FL
Realtor - Homes for Sale Fleming Island FL

Lisa, with 24 hours in a day, some people definitely make better use of their time than others. These are great questions to ask ourselves as we plan for 2010. Merry Christmas and Happy New Year!

Dec 15, 2009 01:38 AM