Set Realistic Expectations

As you start the New Year, be realistic in your expectations.

Entrepreneurs get into business with an idea that they hope to develop into something really big.

As they put together their Annual Plan, they have certain expectations of how this idea will be commercialized and the revenues and income that the business model would generate.

Entrepreneurs hire people and have expectations regarding their performance. Similarly they expect clients or customers, vendors, other stakeholders will work with them in certain ways.

Entrepreneurs need to be careful about not having false expectations or hopeful wishes when they develop their Vision and Mission. All expectations need to be realistic, rational, and take into consideration the factors beyond the Entrepreneur’s control.

Having false expectations leads to unachievable dreams and disappointment. Moderate your expectations to be realistic, so that when your expectations are exceeded one has a reason to be jubilant.

Ravi Patel

http://www.patelCFOservices.com

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Published in: on January 3, 2018 at 4:24 am  Leave a Comment  
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Don’t Have False Expectations

As you start the New Year, be realistic in your expectations.

Entrepreneurs get into business with an idea that they hope to develop into something really big.

As they put together their Business Plan, they have certain expectations of how this idea will be commercialized and the revenues and income that the business model would generate.

Entrepreneurs hire people and have expectations regarding their performance. Similarly they expect clients or customers, vendors, other stakeholders will work with them in certain ways.

Entrepreneurs need to be careful about not having false expectations or hopeful wishes when they develop their Vision and Mission. All expectations need to be realistic, rational, and take into consideration the factors beyond the Entrepreneur’s control.

Having false expectations leads to unachievable dreams and disappointment. Moderate your expectations to be realistic, so that when your expectations are exceeded one has a reason to be jubilant.

Ravi Patel

http://www.patelCFOservices.com

 

A New Beginning

As you take on 2015, it is time to take a “Balance Sheet Review” of your business; not the true accounting numbers kind, but philosophically similar.

Entrepreneurs should evaluate their “assets” in the business – products/services, people, customers, processes, etc. This should establish the strengths of your business to either build upon or further improve in 2015.

A determination of your “liabilities” will give you an idea of the weaknesses that need to be focused on in 2015. These “liabilities” need to be mitigated or converted to “assets” so that you can utilize them for success during the year.

By performing a “Balance Sheet Review,” Entrepreneurs can set their priorities and goals for 2015 – a new beginning!

Ravi Patel

http://www.patelCFOservices.com

Published in: on December 30, 2014 at 4:07 am  Leave a Comment  
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Celebrating the Holiday Season!

This is a wonderful time of the year.

A festive season with sharing, giving, receiving, praying, and of course partying.

Enjoy the holiday season and celebrate Christmas, Hanukkah, and all other religious and non-denominational events.

Let us hope that the New Year brings opportunities and successes for all.

With best wishes for this holiday season and wishing you a prosperous 2015!

Ravi Patel

Published in: on December 23, 2014 at 4:11 am  Leave a Comment  
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Enjoy the Holiday Season!

This is a wonderful time of the year.

A festive season with sharing, giving, receiving, praying, and of course partying.

Enjoy the holiday season and celebrate Christmas, Hanukkah, and all other religious and non-denominational events.

Let us hope that the New Year brings opportunities and successes for all.

With best wishes for this holiday season and wishing you a prosperous 2010!

Ravi Patel

www.patelCFOservices.com

Published in: on December 22, 2009 at 5:45 am  Leave a Comment  
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