3 replies to this topic

[railtrailed]

Good Afternoon all my fellow money makers,

I want to start a thread about goals. What are your goals going forward concerning your business? Let us talk about realistic goals, ways to motivate yourself when things are not going so well, and basically just business growth.

I currently have 3 bulk candy machines and 7 soda machines on location. I am placing another bulk candy machine and another soda machine in the next 2 weeks; the candy machine is going to a Bagel Shop (though I might put it somewhere else if I can find a better spot) and the soda machine is going to a gas station/service station with 8 selections, 4 12 oz cans, and 4 20 oz bottles at 3 price points, 1.00, 1.25, and 1.75(something for everyone). The candy machine is going to be triple headed, skittles, gumballs, and regular m&ms. So then my route will be bulk candy and 8 soda (not bad considering I started the business on 18 August 2010).

I have also been inspired by a few of you about honor boxes, so I am going to add 2 this week to existing soda accounts, I will update how that goes in the future.

My rough goals by years end is to add 5 more soda machines and 4 more bulk candy machines. Is this realistic seeing as this is not the only thing I do? Is my goal too low? The reason I ask if my goal is too low is that eventually I want vending to be the only thing I do. Should I be more aggressive with expansion? Everyone who is thinking of expansion please post what your goals are. Those who have built nice routes in the past please put how you outlined your goals and your future plans as well. My goal by next August is to have added 15 Soda machines and 10 bulk candy machines. Input, input, input guys- WHAT ARE YOUR GOALS?

[MVSJOHN]

My goals are a minimum 25 percent increase per year for my business.Snack soda or bulk doesn't matter as long as I have an increase every year.
John

[RJT]

MVSJOHN has the right idea. I dont set goals based on number of machines or accounts. I set goals based on MONEY. I could care less if that happens with one account or 10 accounts, 5 machines or 10 machines, dosent matter.

Then once you set a goal you have to determin the best way to accomplish this. Then you have to decide if that goal is realistic based on your time allowed, capital layout, ability, etc. If it is then make it happen, if it isnt then figure out a goal you can meet.

No sense in setting goals that you cant reach and only you know what you can and can not reach.....

[dogcow]

my goal is to get this damn crane game outta my garage