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How to Set Goals
for your Dog Bakery Business
Here is how to set goals for your dog bakery business. Knowing how to make goals will greatly enhance your chances for success. How much income do you expect in your business?
Photo by borman818, flckr
If you fail to plan, you plan to fail. In business, you need to know how to set business goals to help you keep on track. Smart businessmen don't just open their doors for business and just expect huge amounts of money to roll in. They know ahead of time what to expect. Did you know that you can actually plan how much income you want to make? As long as you do the appropriate marketing, provide a good product and treat your customers well, you can control how large or small your business becomes. There is a simplified way to do just that... Let's say that you want to make $50,000 a year. I'm making this up as I go, so please understand, these are all make-believe numbers—so that I can illustrate my point. To keep this simple, I am not including overhead expenses (rent, utilities), salaries, advertising, etc. You do need to include those expenses when you do the math!
Turn Your Passion for Pets into PROFIT!To be successful in business you need experts to guide you straight through the process...NOT with "theories"-- just facts!You now have the incredible opportunity to learn from 2 insiders in the pet industry: Chris Trombley (PetSmart) and Doug Bertram (Farnam Pet Products) have put together an excellent package to help you get started. So don't waste time and money making mistakes, learning how to start a bakery on your own. Learn from Chris and Doug—and you'll be making money months earlier!
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How to Set Goals
Quick and Dirty Version
Here's how to set goals--the simple version.Your packages of dog treats all retail for $5.00 each. Each one costs you $ .50 to make. That means that your “profit” for each is $4.50. Your goal is $50,000 - If you divide $50,000 (amount you want to make this year) by $4.50 (profit for each package), you get 11,111 packages. That means that you would have to sell 11,111 packs of dog treats per year to make $50,000 (actually $49, 999.99).
- There are 12 months in a year, so divide 11,111 by 12 to get 926 packs. In other words, you have to sell 926 packages of dog treats each month to meet your goal of $50,000 per year.
- There are 52 weeks in a year. Divide 11,111 packages by 52 to get 214 packages of dog treats each week to make $50,000 per year.
- There are 365 days per year. Divide 11,111 packages by 365 to get 31 packages of dog treats per day to make $50,000 per year.
Can You Meet
Your Dog Bakery Business Goals?
In order to meet your goals, you must decide:- Are my goals realistic? Can I physically make that many treats?
- Will my marketing provide me with enough customers to meet my goals? If not, what do I have to do to make this work?
- Does my projected income number have to be adjusted—either up or down? Do I want my business to grow faster? Or stay smaller?
Write your goals down. Look at your goals daily. And check frequently to see how you are doing. This is not something that you do once a year, just before New Years. You will need to know at all times how you are doing in your progress toward your goals! Now that you know how to set goals, it will be easy for you to know how your new pet bakery business is doing!
How to set goals is just part of your dog bakery start up process. Read the following articles to learn more:
Starting a Home Business - from How to Set Goals
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