My 5 Entrepreneur Goals for 2017.

Double P Tack

My 5 Entrepreneur Goals for 2017.

by Philip Leimbach
  1. Make more money.

  2. Spend less money.

  3. Better manage money.

  4. Create new revenue streams.

  5. Damn up streams of outgoing revenue.

So, of my 5 Entrepreneur Goals which one seems the easiest? Now I have not had a steady income in 2016 and truthfully, I am at rock bottom so, goal number one, right? Which goal should be the most important? I am betting most of you say number three. Most probably think that numbers one and four and two and five are the same goal. But, not so fast my friends!

My 5 Entrepreneur Goals for 2017, start with number one “Make more money.”

Simple, yes? Sure, if I had a consistent income from a known source, I could go ask for a pay raise or adjust my withholdings in some way. But I do not have a consistent income, so, I need to develop that revenue stream. Not easy when you own your own business, but I need to rely on my experiences and look for the streams I know best.

Number two on My 5 Entrepreneur Goals of 2017, is “Spend less money.”

Sure, easy, just cut out the extras. I have. Gone is satellite television, though I did add on Netflix, Hulu and Sling, but still saving over $100 a month. Soup is a lot cheaper and better caloric wise than Taco Bell or Jack in The Box. It is not that I have cooking, I hate cleaning up, but it is much cheaper and healthier to just do it yourself. So, no fancy gym memberships, no fancy restaurants and so forth. I also am trying to measure my trips out so I make my trips in circles with mostly right hand turns.

Goal three of My 5 Entrepreneur Goals of 2017 may be my hardest to adhere to.

While I am good at creating, and managing project budgets. But, when it comes to my personal budgets I leave a lot to be desired in self-discipline. So now how do I best manage my funds. Now using tools like Quicken, Capital One and Fidelity, I am hoping to stay on top of my Albatross. The second thing I hope to accomplish is better management of my filing system. Hopefully keeping a clean and streamlines filing system will help me better monitor my accounts payable and receivable.

Goal four of My 5 Entrepreneur Goals of 2017 might seem weird.

“Create new revenue streams,” as a part-time photographer, a former instructor and a blogger I hope to monetize these elements to increase the breadth of my revenue streams and no longer rely on just one source of income. Can I, do it? Sure, but being an introvert who is typically unsure of himself when asking for opportunities, it is tougher than most things I attempt.

Goal five of My 5 Entrepreneur Goals of 2017 also sounds kind of weird,

but again this is something I have to look at to slow spending down. One thing I am looking at now is moving my website host to someone who is much more WordPress friendly and more financially feasible. I have even thought of getting mass transit passes to reach the metro area in a more financially responsible fashion.