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 may be unique to your specific startup, there are certainly a few you need to take note of since they apply to 98% of every startup. 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 started in my third car garage in Houston, TX. Most entrepreneurs will reflect on your calendar of milestones and realize it represented your road-map to success.
To make it easy to stay organized, I have broken down the milestones into categories that match your progression as a startup. 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! I threw in a few pre-qualifiers that will help determine if your business idea has legs.
Determine if Your Idea is a Business
Traction – objective is to start getting your new company out within your targeted marketplaces and established. Traction is not centric to just marketing but should also be focused on getting your business working toward its initial foundation.
Remember the objectives of working your milestones - keeps your priorities straight and in order, drives accomplishments and accountability, and keeps your most precious asset (time) on what's important. Your feedback is always welcome!
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.
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 posts 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.”
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