Goals

Question 1

goal

Answer 1

A business goal describes what a business expects to accomplish over a set period of time.

Question 2

The importance of goal

Answer 2

Goals provide a business with direction and help to measure results. Setting goals also allows potential business owner to develop their ideas for a business

Question 3

Mission statement

Answer 3

Describes what the business does and how it will achieve its vision

Question 4

Vision statement

Answer 4

Describes where the business wants to be in the future

Question 5

S M A R T

Answer 5

S- Specific ( Goals should be clear and focused)

M- Measurable ( Goals should be quantifiable)

A-Attainable (Goals should be challenging but realistic

R- Relevant
( Goals should be worthwhile and based on current conditions in the market )

T- Time bound
A deadline or time limit should be set