Every entrepreneur possesses specific goals & objectives for their new business. Most goals & objectives take multiple steps to reach or exceed the original expectation(s) of the entrepreneur. Milestones represent the steps to achieve goals & objectives. While many milestones you’ll create will be unique to your startup, there are a few key goals every new business has to meet along the way. Below is a list of the many milestones that my past startups went through. They were recorded on many calendars dating back to 1998 when I first start in my third car garage in Houston, TX. Most entrepreneurs will reflect on your calendar of milestones and realize it represented your roadmap to success.
To make it easy to stay organized, let's break down the milestones into six categories: kick-off, revenue, traction, business development, team, and resources. It is important to note that the "Kick-off" category of milestones are all required. Get them out of the way so you can focus on the meat and potatoes of really starting your business by knocking on your first door and getting the first dollar in the bank!
MP, LLC credits blog post with the original author and links (if available).
Scott E McGlon is the President of McGlon Properties, LLC and the author of many blog post on MP Blog. He has been a serial entrepreneur, entrepreneur-in-residence, investor, and president/CEO of many successful start-ups since 1998.
“Success is walking from failure to failure with no loss of enthusiasm." - Winston Churchill
"The few who actually
go out and take extraordinary initiatives are the envy of the majority who sit back and just observe."
“The LORD makes firm the steps of the one who delights in him; though he may stumble, he will not fall, for the LORD upholds him with his hand.” - Psalm 37:23-24
“Keep away from people who try to belittle your ambitions. Small people always do that, but the really great people make you feel that you, too, can become great.”
"It is more important in what you become than what you achieve. What are you going to become in pursuit of what you want?" - John Marsh, Marsh Collective
“Work harder on yourself than you do on your job" - Jim Rohn
"The secret to success is very simple: EVERYDAY if you do quality work, take initiative, act on innovative thoughts, and are assertive in your actions all backed by faith, the dividends will consistently flow your way." - SEM