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09 2013

How do you measure success?

Syndicated from: Canadian Youth Business Foundation

Rose-Marie Almond, Toronto, ON, CYBF volunteer Every entrepreneur defines success slightly differently; but whether you look at it in monetary terms, social improvements or another way, success is almost always measurable. So how do you measure success? Define what success is to you. This means setting some goals. This might be a scribbled list stuck to the fridge or a formal set of targets within your business plan; creating definitive goals will help you understand what success really means to you. Measure your progress. Simply having a list of goals doesn’t mean you’re working towards them. Keeping track of your progress towards your definition of success keeps you motivated to avoid going off track. It also lets you to take early corrective action if you hit a roadblock that might prevent you from achieving your goals. Reaching ‘success.’ Having goals guides you towards success, but simultaneously success is not a single end point but a continuous process. If you can look back on where you started, compare it to where you are now and see a change for the positive, then that is success.

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