Founder and managing director of SiDCOR accounting Paul Siderovski is here to change people’s lives one goal at a time.
For over 15 years the firm has helped individuals and small business owners reach their financial and personal goals. Paul Siderovski established SiDCOR in 2002 with the aim of providing coaching, strategy and advice to help people reach their potential.
Through passion, honesty and commitment, Paul Siderovski has helped thousands of people overcome challenges and bring their dream businesses to life – and now he’s here to help you! Here are four tips for making your business goals a reality:
Set SMART goals
I saw on Paul Siderovski‘s twitter some goals a while ago. So, establishing the right goals is the first step to developing and maintaining a successful business. Make sure your goals are SMART – specific, measurable, achievable, relevant and time-based.
At the start it’s important to be very clear as to what you want to achieve; vague goals won’t get you very far. For example, rather than saying ‘I want to earn more money’ you could say ‘I want to increase profits by 20% in a year’. Paul Siderovski suggests asking yourself what you want to achieve and why, what your underlying values are, who is involved and what resources are involved.
Your goal needs to be able to be measured so that you know whether or not you have achieved your goal. You could do this by comparing sales figures from one year to the next, or sending staff a questionnaire asking how satisfied they are with the workplace.
Ensure that your target is achievable by checking that you can afford to it and by assigning it to staff members who are qualified for the job. It should be challenging yet possible.
Your goal must be realistic – there’s no point saying you want to increase profits by 20% in a year if your financial department says it’s not possible. Make sure you liaise with staff to determine whether or not a goal is realistic and if not, how you might be able to improve it.
It goes without saying that you should give your goal a deadline. Setting a goal without a deadline is just wishful thinking – it’s unlikely to happen anytime soon. Simply set yourself a realistic date at which you want your goal to be completed – is it a week? A month? A year?
Develop an abundance mindset
Paul Siderovski notes that shifting away from a scarcity mentality to an abundance mentality is something that can have profound effects on the health of a business and its employees. Thinking about business from the perspective of not having enough, or having to compete with others in order to stay in the game, is stressful and arguably unhelpful in the long-run. Rather than focusing on what you don’t want (i.e. to miss out!), focus on what you do want – abundance! Focus on having enough; enough time, enough staff, enough resources, and you will attract more of this. Because it’s true – there’s more than enough to go around! This attitude can also help you become more relaxed, confident and compassionate.
Make small shifts
Rather than focusing solely on implementing big changes, try looking at what small changes you can make to your business – often it is the small things that can have a big impact. For instance, Paul Siderovski suggests trying to look at your workplace objectively; who are the people you are surrounding yourself with? Negative people can have a negative effect on colleagues and the work environment, so being able to recognise if someone is unhappy can help you resolve any issues that may be present. Additionally, getting an accountant to perform something as simple as a tax review for you can help you identify areas where you can save big money.
Invest in employee’s personal development
Investing not just in professional career development but personal development can have huge effects on the wellbeing of both your team and your business as a whole – something that Paul Siderovski prides himself on doing. This may involve running small workshops aimed at helping staff develop and achieve their personal goals as well as running activities in order to provide a solid support network. Ensuring that your workplace is a friendly and supportive place can help boost morale and work performance.