caserri Posted December 30, 2013 Share Posted December 30, 2013 Well it's that time of year again. Time for each of us to evaluate our business and create a set of goals that we would like to achieve in the coming year. It is also a time to reflect on the goals we set last December for this year. Here is last years "Goals" thread. http://vendiscuss.net/index.php?/topic/14772-goals-for-2013 Take a moment to review last years thread and tell us if you've reached those goals, or if you fell short. Also, be sure to include your new goals for 2014 so we can review them next year. I have a few goals for my newly created business that I will share in a later post. --Steven Link to comment Share on other sites More sharing options...
amc-vending Posted December 31, 2013 Share Posted December 31, 2013 My main goal is to expand my route to the point of been full time. Even picked up a rack on location today Link to comment Share on other sites More sharing options...
shepherdsflock Posted December 31, 2013 Share Posted December 31, 2013 My goals for 2014: Pay off 2013 route purchase (halfway there, and expect payoff to accelerate with 2014 route growth) Get at least one crane or other electronic machine on my route (that could happen this weekend or soon thereafter) Get more quality locations that can support 4 way or larger racks Get some soda can machines and place them Increase route revenue to maintain at least $1000 net per month Kick Service Vending out of the locations that are shared with my machines Implement a better inventory control plan (spreadsheet, shelves and labels in my basement will help) Eliminate most 2" products from route Replace 2" machines with flat machines Link to comment Share on other sites More sharing options...
snack dude Posted December 31, 2013 Share Posted December 31, 2013 I am very happy to announce that I have seven hours left to hit my goal from last year which is to survive until 2014 Which leads me to my next goal of surviving until 2015 Other than that im good Link to comment Share on other sites More sharing options...
moondog Posted January 1, 2014 Share Posted January 1, 2014 Clean up all the crap I've left undone this year - no new projects for me until I finish off ( or formally kill ) the ones I have started. Link to comment Share on other sites More sharing options...
donut Posted January 1, 2014 Share Posted January 1, 2014 Last year's goal: "My goal by the end of this year is to get 8 more soda machines placed (in addition to my current 7) and be sure each machine is making at least $50 in profit per week.... I know that doesn't sound like a lot to most of you, but I live in a small county of only 30,000 residents.... We're also very spread out population wise.... My first goal NEXT year is going to buy a new pickup using nothing but soda machine profit... " Well, I now at least HAVE the 8 machines I want to put out.... So this year I will get all of them out.... And still working on the truck (probably around the middle of the year) Also looking for stripes at the REAL job... Link to comment Share on other sites More sharing options...
CajunCandy Posted January 1, 2014 Share Posted January 1, 2014 My goals for 2013 was almost met. I still have one so-so location. I still have the USI 3053 with no location and a Royal still needing parts to complete it. I just need to get my but out there and do some foot work to place my last snack machine. Goals for 2014! Keep the IRS off my neck! I'm doing very good with the paper work and such. Maintain what locations I have, and try to find a better location for my so-so location. Try to keep a good and smiling face at locations when some one asks ( What do you do with all the money you make.) Maybe get rid of my two hundred thousand mile plus truck, for some thing newer and better mpg. mike Link to comment Share on other sites More sharing options...
bayouvending Posted January 2, 2014 Share Posted January 2, 2014 IM Hoping To Grow To around 100 To 150 Locations By The End Of The Year Also Wanting To Add A Chicken Or Crane Soon To My Route. Link to comment Share on other sites More sharing options...
Rick Falcon Posted January 3, 2014 Share Posted January 3, 2014 My goal for 2014 is to empty out my storage unit and add 50 locations to my route I have up to 50 now, I want to finish the year at a 100 locations,however if I cant get 50 I would settle for 25 good ones Link to comment Share on other sites More sharing options...
Action Vending Posted January 3, 2014 Share Posted January 3, 2014 My goal is to work more on organization and minimizing inventory (money tied up). Link to comment Share on other sites More sharing options...
GagesVending Posted January 3, 2014 Share Posted January 3, 2014 My goal is to continue weeding out the candy triples from locations and replacing them with double head toys/gumball machines or racks. I'd also like to build more racks and get them into high volume locations. Link to comment Share on other sites More sharing options...
sideburn Posted January 11, 2014 Share Posted January 11, 2014 The goal is to clear 1/5 of debt (5 years goal) ... hopefully starting a vending biz would help this goal (I haven't started yet and reading as much as I can) ...once debt free...I'd like to reward myself a pre-runner truck to celebrate! Link to comment Share on other sites More sharing options...
TacomaVending Posted January 21, 2014 Share Posted January 21, 2014 I am new to the vending business. We started just 2 months ago. We purchased a quality route with 21 machines and have since added a so so route with 9 machines. Fortunately we made a profit in our first month doing business. I don't think many small business owners can say that. With that intro my goals for 2014 are: 1) Earn 15% profit in 2014 2) Establish proper inventory tracking 3) Organize delivery trailer to reduce excess inventory and enable FIFO (first in first out) 4) Decrease route time by 2 hours via efficiency improvements (currently takes 11 hours) Link to comment Share on other sites More sharing options...
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