Purpose

Greetings, fellow sole entrepreneurs,I sat down to write “the Weekly Invoice” to discuss budgeting Saas tools that automate the management of your business. However, life is funny and a discussion with a colleague led me to think about intent.

Intent, to me, is being proactive and really designing your life. Intent is action, driven by the compass of your purpose. Without purpose we have no business in running businesses, we’re our own employees, responsible for the business rather than managing it.

Let’s talk for a moment about purpose, how to find it, define it, and then allow it to guide us to our ultimate goal, free life on our terms.

Purpose: The Why Behind Your Business

Why did you start your own business? What are your goals for revenue and social status? What do you hope your business will provide for you?

Your purpose is the answer to these questions. It's the reason you get up in the morning and work on your business. It's what drives you to succeed.

Your purpose is more than just a mission statement. It's a deep-seated belief about why your business exists. It's what motivates you to keep going, even when things are tough.

When you have a strong sense of purpose, it shows in your business. Your customers can feel it. Your employees can feel it. And even your competitors can feel it.

Creating a 5-Year Plan

Your purpose is the foundation of your 5-year plan. It's what will guide you as you make decisions about your business.

Your 5-year plan doesn't have to be a detailed roadmap. It can be a simple outline of your goals and how you plan to achieve them.

The key elements of a 5-year plan include:

• Your purpose: Why did you start your business? What are you passionate about? What do you want to achieve with your business?

• Your goals: What do you want to accomplish with your business in the next 5 years? These goals should be specific, measurable, achievable, relevant, and time-bound.

• Your strategies: How do you plan to achieve your goals? What are your key initiatives?

• Your resources: What resources do you need to achieve your goals? These resources include financial resources, human resources, and time.

• Your risks: What are the risks to your business? How will you mitigate these risks?

• Your monitoring and evaluation: How will you track your progress and make sure you are on track to achieve your goals?

The most important thing is to have a plan. When you know where you're going, it's easier to stay on track.

Resources for Purposeful Business Planning

I searched to provide a simple course or workbook resource for creating a Purpose-driven Business Plan for your entrepreneurship and it didn’t exist!

So I’m going to create one and share it free for dStaff subscribers next week. If you’d like a copy or you hire routinely in your business signup below.

Key Takeaway

Your purpose is the reason you have your own business. It's what drives you to succeed. When you have a strong sense of purpose, it shows in your business. Your customers can feel it. Your employees can feel it. And even your competitors can feel it.

If you don't know your purpose, take some time to define it. Once you know your purpose, you can create a 5-year plan to help you achieve it.

With a strong sense of purpose and a clear plan, you can achieve anything you set your mind to.Thank you for being part of "the Weekly Invoice" community!-Grady