How To Crush Your Small Business Objectives

In life and in business, objectives (goals) are needed to ensure we move forward and grow. If there is nothing to work towards, then life is pretty pointless.

Objectives in business are linked to what we want the business to achieve in a certain period of time and it’s something that all the employees should also buy into and work towards.

Objectives focus all effort towards a specific result and most importantly, they can be measured.

There are a few things that when set in place and actioned upon, which will allow you to crush the objectives set for the business. Listed below are five principles when applied to the business objectives, will deliver the optimum results.

Arrow and Target

1.     Keep the number of objectives small

Most people today have very short attention spans and cannot seem to focus on too many things at once. Don’t become a victim of this mistake. Keep your objectives for the business between 5-7 items at any given time. Our advice is to focus on a handful of objectives that you can easily repeat from memory, even if woken in the middle of the night.

2.     Write your objectives down

Writing down your objectives brings them into reality and confirms your intention to make them happen. Additionally, writing them down also allows you to remember them far better than if they were just spoken. Please note, that when we say write them down, we mean actually writing them down – not typing them into a Word document and then printing them out. The action of physically writing it creates a link in a person’s brain ensuring that you retain what you have written.

3.     Make objectives real by reviewing them frequently

Reviewing your objectives regularly further cements them in reality. Every time you review them, you can let them inspire you further and allow them to become an integral part of your daily actions. Sometimes they are no longer serving the business and need to be tweaked to align them better with the changes in the business.

4.     Share objectives on a “need to know” basis only

We are sure that many people have heard that objectives should be shared with everybody, as then they will get done/be achieved. Somehow it has been shown that the opposite is actually true and that most times, this does not happen.

Our advice is that you only share them with people that have a vested interested in seeing that they are achieved, or with individuals that are committed to helping you achieve them.

5.     “Smart” objectives provide focus

You need to create “smart” objectives. “smart” is the acronym for Specific, Measurable, Actionable, Realistic and Time-Bound. Ensure that your objectives meet each of these criteria in full.

Specific

Be as clear as possible and identify exactly what needs to be accomplished.

Measurable

As far as possible, quantify the end result. The old adage of ” you cannot manage what you cannot measure” springs to mind in this case.

Actionable

Action is about doing something so every objective should start with an action (a doing word) e.g. run, sell, grow etc.

Realistic

Use your common sense but also allow room to stretch. Step outside of your comfort zone but think bigger at the same time.

Time-Bound

Set a timeline/deadline for the objective. Give it an actual date for when it needs to be achieved.

 

Most people tend to shy away from setting objectives, either for their lives or their business, but they are amongst some of the most powerful tools we have at our disposal to learn and grow, so get cracking and set them today!

Reasons to use DivideBuy

No hidden fees and 0% interest APR

Spreading the cost of your order will not cost you a penny more than paying for it upfront.

96% approval rate

Our unique lending model allows us to offer Interest-Free Credit to more people.

Quick application

Complete the 60 second application and receive an instant decision.

No paperwork required

All documents are in digital format and signed using e-signature.

Look out for the DivideBuy button

DivideBuy is an Interest-Free Credit provider. In partnership with our retailer, we bring you 0% APR credit for selected products online, in-store or over the phone. You can Spread the Cost on one or multiple qualifying items online by simply clicking the DivideBuy button.

You can choose instalment options from 3 to 12 months depending on the value of your purchase and the retailer. Your application will take just 60 seconds to complete and we will provide an immediate decision allowing you to complete your purchase. Once approved, you electronically sign your agreement and the retailer will process your order.

With your DivideBuy account you get access to these great features:

  • Exclusive offers from our Retail Partners
  • Quick checkout with hundreds of Retail Partners
  • View your credit agreement
  • View your instalment amounts and dates
  • Review your payment history

To access your account or to find out more about DivideBuy, visit dividebuy.co.uk.

Alternatively, call our Customer Service Team who are available on 0800 085 0885.

FAQ's

What are the requirements for credit?

  • Be aged between 18 and 75
  • Be a permanent UK resident and have lived at your address for longer than one year
  • Have a debit or credit card
  • Have a valid UK telephone number

Will a credit check be performed?
Yes. DivideBuy uses a third-party credit reference agency to perform a credit check. This is used in combination with your entered details and our own unique algorithm to assess affordability.

Will I have to pay a deposit?
Your first instalment is payable on completion of your order. In some instances, you may be required to pay a deposit based on a combination of your credit score, size of order and number of instalments selected.

How many instalments can I Spread the Cost over?
Depending on the total value of your order and the Retail Partner, you may be able to Spread the Cost up to 12 monthly instalments.

What happens if I want to end my agreement early?
DivideBuy offers the option to repay the remaining balance on your account at any point with no additional charges or fees to pay. You can do this by logging into your DivideBuy account on our website or by calling the Customer Service Team on 0800 085 0885.

Are there any other charges or fees?
There is 0% APR interest and no setup charges, cancellation or hidden fees. DivideBuy reserve the right to add late payment fees to your account in the event of you missing payments. This is all explained in your credit agreement before you complete the checkout process.

 

Instalment Plans are provided by DivideBuy (DivideBuy is a trading name of Rematch Credit Limited, company number 08097204. Credit subject to status and age. Terms & conditions apply. Dependent on your credit score, you may be asked to pay a deposit or assign a guarantor. Rematch Credit is authorised by the Financial Conduct Authority, registered number 626266.)