The Defining Dozen: #11 – How will you measure success?

Learn how to answer the eleventh of the "Defining Dozen" questions – How will you measure success? – so you can write an effective business plan.

In Step 3 of "10 Steps to Open for Business," answering the “Defining Dozen” questions is vital to writing a good business plan. The Sloan brothers describe them in detail in StartupNation: Open for Business, their book. Here is the eleventh of those questions, in a special book excerpt:

How will you measure success? For so many people, money made is the big measurement of success. But while financial achievements will be fundamental to your business’s viability, there’s more to gain from running a business than just making money. It’s important to define what success means to you, as we discussed in Chapter Three. We measure success through the StartupNation Manifesto, which keeps us grounded in our ideas of work as freedom, work as family, and work as fulfillment. What will yours be? As part of the business-planning process, consider how you’ll define success.

Excerpted from StartupNation: Open for Business Copyright© 2005 by Jeff Sloan and Rich Sloan. Excerpted by permission of Doubleday, a division of Random House, Inc. All rights reserved. No part of this excerpt may be reproduced or reprinted without permission in writing from the publisher.

Learn more about the Sloan brothers’ secrets to business success – buy the book StartupNation: Open for Business now.

Related Posts
Read More

How to Secure Funding as a Female Business Owner

Raising working capital is a huge part of the job when starting a business. However, many women-owned businesses can run into trouble when looking for financing to fund their small business. When loans and other...