How to Invest in Your Business in the Next 365 days (2024)

Jenna Kutcher

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November 24, 2017

How to Invest in Your Business in the Next 365 days (1)

I know you’re thinking, it’s not even January yet Jenna and you’re talking about goal setting? Yes, I am and think you should be too. So where will I be investing in my business in the next 365 days? Let’s walk you through exactly where I’ll be investing and how I go about goal setting in my own business in the hopes that it will help inspire you too. You ready? Let’s dive in.

1. Clarify what you want.

The best way to begin to identify your goals for next year is to start with a brain dump.Writing down your goals makes them real and make it more likely that you will take action on them. I actually do this pretty regularly, not just with the big picture items on my list but my week to week projects as well. I find getting everything out of my head and on paper make things feel more manageable and I’m less overwhelmed and stressed by what I want to accomplish. I would challenge you to not judge this list and just get every thought and idea no matter how little or big and scary it might be. We will spend time in the next few steps refining and diving deeper into them.

2. Refine to make specific and measurable

Listen to your gut when reading through your goals and be honest with yourself about what’s important and needs to be a priority. Pay attention to the ones that light you up and deserve your time and energy. Too often we are vague about our goals which in turn makes us less likely to achieve.

With every single goal, you need to be able to confidently say “Yes, I did this” or “No, I did not.” So it needs to be more specific than “make more money” or “take more time off.” Instead, you could specifically say “I am going to book 20 weddings” or “I will take the month of March off as a sabbatical.”

3. Put them on the calendar

I get it, it’s fun to dream, but too often as entrepreneurs it stops there and I want to make sure you adopt the idea that goal setting should be on-going and not just a practice for January 1st. Break your goals up into smaller, actionable steps and put them on your calendar. Most importantly, honor these tasks and deadlines.

As our own boss, it can be easier to keep promises to others while our own goals and dreams take a back seat. Make sure every goal you have has a date of completion. Without a date, you’ll likely keep pushing it to the bottom of your to-do list, never to get done. Be aggressive with this but also have grace for yourself that dates can be adjusted. Even your wildest dream goals can come to fruition if you take the time to put the action steps down to achieve them.

4. Be honest about your fears

Too many people don’t acknowledge the fears they have in their business, heck, we frankly suck at dreaming because we’re too focused on what can go wrong. What would it look like if you believed everything would go right for once? Simply acknowledging these fears and then letting them go can be crazy powerful. When you recognize that something terrifies you, you free yourself up to start thinking about how it’s going to feel when you accomplish your goal or the steps you’d take it you had to face that fear. What would it look like if your fear actually happened? Usually, it’s not as scary as we make it up to be in our head and bringing our fears into light takes the power away from them.

5. Invest in your dreams

When you write down the goals it will help you see the finish line even when things get tough and you undoubtedly run into troubles. You’ll better be able to gauge if you should say yes or no to all of the opportunities that land in your lap and allow you to stay focused and set boundaries to protect your vision and goals. And my favorite part, it will enable you to see and celebrate your progress when you accomplish them.

My top goal for the next 365 days?On-going learning. This looks like investing in courses, education, and training for both me and my team. It looks like investing in a mastermind and running one myself. It looks like reading business books and connecting with other like-minded entrepreneurs. An investment in yourself as an entrepreneur is always a good bet and one that is at the top of my list for the next 365 days. Those investments that get my heart pumping and make me face a decision, “Am I going to really go for this” have proven to be the best investments I’ve ever made as an entrepreneur.

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How to Invest in Your Business in the Next 365 days (2024)

FAQs

How do I invest in my business? ›

  1. Determine how much funding you'll need.
  2. Fund your business yourself with self-funding.
  3. Get venture capital from investors.
  4. Use crowdfunding to fund your business.
  5. Get a small business loan.
  6. Use Lender Match to find lenders who offer SBA-guaranteed loans.
  7. SBA investment programs.
May 14, 2024

Is investing $10 a day good? ›

Investing $10 a day can have a huge impact on your financial future because it has a snowball impact. The $10 a day adds up to $3,650 a year -- which is a pretty good sum of money. And, once you have invested that money, you get to benefit from compound growth.

Is $10 enough to invest in stocks? ›

You can buy cheap stocks or fractional shares of expensive stocks for as little as $10.

Is Mainvest legitimate? ›

Is Mainvest a legit investing platform? Mainvest is a legitimate investment platform registered with the SEC and FINRA to act as an intermediary for securities offered under Title III, referring to regulation crowdfunding. But the platform is not a registered broker-dealer. It is a funding portal.

How to answer why should we invest in your business? ›

They want to see that your business has potential for growth and will make them a profit. To show this, you need to have a clear understanding of your target market and your competition. You also need to have a well-thought-out business plan that outlines your goals and how you plan on achieving them.

How to start investing for beginners? ›

Here are 5 simple steps to get started:
  1. Identify your important goals and give them each a deadline. Be honest with yourself. ...
  2. Come up with some ballpark figures for how much money you'll need for each goal.
  3. Review your finances. ...
  4. Think carefully about the level of risk you can bear.

Is $100 a week enough to invest? ›

$100 per week adds up to $15,600 in three years

There is no sensible stock that will get you to $1,500 per year with $5,200 invested — that's a 28% yield! — but there are stocks that could get you there after three years of saving. That takes you to $15,600 in cumulative savings.

How much is $10 a week for 30 years? ›

After 15 years of investing $10 per week, you could expect to have $12,967. In 20 years, that number would have grown to $21,154. In 25 years, that little $10 a week would be worth $32,637. In 30 years, you may be surprised to learn that it's worth $48,742.

Is $1,000 a month enough to invest? ›

Investing $1,000 a month may seem like a big task, as it's a total of $12,000 per year. But the average full-time worker earned $59,540 in the last quarter of 2022. So, investing $12,000 a year would mean putting away about 20% of your annual income if you earn around the average salary.

Is Walmart a good stock to buy? ›

Walmart has a consensus rating of Strong Buy which is based on 25 buy ratings, 3 hold ratings and 0 sell ratings. What is Walmart's price target? The average price target for Walmart is $73.12. This is based on 28 Wall Streets Analysts 12-month price targets, issued in the past 3 months.

What is the best beginner stock to buy? ›

Like Microsoft Corporation (NASDAQ:MSFT), Amazon.com, Inc. (NASDAQ:AMZN), and Meta Platforms, Inc. (NASDAQ:META), Vistra Corp. (NYSE:VST) is among the best beginner stocks to buy this year.

How much money can you make investing 1 dollar? ›

Your $1 a day could turn into more money than you think
After…Your $1 a day will be worth…
5 years$2,451.20
10 years$6,398.88
20 years$22,995.91
30 years$66,044.35
Jan 16, 2024

Can you lose money on Mainvest? ›

*All investments contain risk, including the risk of total loss. Mainvest does not guarantee that any particular investment will generate a return.

Is investing a smart way to make money? ›

The more time you're invested in the market, the more opportunity there is for your investments to go up. The best-performing stocks tend to increase their profits over time, and investors reward these greater earnings with a higher stock price.

How does smart money invest? ›

It's about making strategic investments based on plenty of experience, in-depth market analysis and access to reliable information. The 'smart' investors often lead market trends because they get in early, influencing the flow of capital in the financial markets.

Can I invest in my own company? ›

Owning stock will give you an ownership stake in your company and allow you to participate in its future upside. The good news is that there are a multitude of ways to invest in your own company's stock, although the process might vary, depending on whether or not it is public or private.

How much money is needed to invest in a business? ›

How much startup funding you need depends on many factors, such as your industry, the products or services or the store location. The cheapest businesses to start may cost as little as $12,000 initially, but other businesses like restaurants can run from $400,000 or more.

How do investors get paid back? ›

The most common is through dividends. Dividends are a distribution of a company's earnings to its shareholders. They are typically paid out quarterly, although some companies pay them monthly or annually. Another way companies repay investors is through share repurchases.

How do you get paid if you invest in a business? ›

Dividends are a form of cash compensation for equity investors. They represent the portion of the company's earnings that are passed on to the shareholders, usually on either a monthly or quarterly basis. Dividend income is similar to interest income in that it is usually paid at a stated rate for a set length of time.

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