What Business Goals Have you Set For Yourself? Why? Have you Met Them?

landphieran · 2017-08-17T20:47:10.000Z

A little background on the source of the question: I have "ran my business" for about 1.5 years. Prior to that it was mostly a hobby to help pay for college. I was buying more than selling, using my salary to build up a nice stash. Last year I decided to get serious. Registered a business, switched everything to business accounts etc. I started "selling like crazy" and went from my normal sub 20K sales to my first six figure sales year. This year I'm on track to grow another 400-500%. Great....?! At this point I don't know if I'm doing well or as well as i could be... (I'm not searching for affirmation). I still have my 40 hour career. I try to find time to prepare some shipments and perpetually have stacks of inventory in my place. I target inventory that makes me 5-10$ per unit and can be sent to Amazon in boxes of 50+ units. I aggressively buy items with minimal research, as compared to my Lego research of the past. I have lost touch with what I used to love about selling. Making a big sales on something that I heavily researched and profiting from those decisions. Selling has become more of a chore that I am emotionally detached from. I realized that the selling game for me was always about the challenge and not the money. This brings me to my goals : 1. More accurately track my time and profits for things that I'm selling. Use this to be more discerning with purchases. Invest in what I'm doing. 2. Research tools and ways to save time and stress. (Better accounting methodologies, scanners, tablets for scanning and prep etc.) 3. Make a plan/research what it would take to do this full time. Prepare for the lifestyle change. Set revenue goals and average profit percentages, work towards them. 4. Enjoy the cash money. Develop a better work/life balance. Travel. I'm interested to hear in what other sellers set as goals. Do you do this as a primary way of living? Are you more invested in it emotionally? Did you hire people or share the experience with a partner? How did your experience and perception of "the game" change as your business grew? What keeps you going? What is your approach?

Bylandphieran·8yinCollecting & Investing

landphieran

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waddamon

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Victorymike18

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