As the lazy days of summer end and normalcy returns to your business and life, it’s a great time to take inventory of where you and your business are right now, and where you want to be in the future.
One great way is by using SMART Goals.
Often people have problems with goals setting because they make their goals nebulous and abstract. For instance, someone may want to take a European vacation next summer, but unless they are taking real steps toward the trip, it’s really more of a dream than a goal.
But someone who sets aside a portion of their paycheck every week to pay for the trip and has already decided when they want to go and where they want to stay while in Europe, is actually using smart goals.
By definition, SMART goals are Specific, Measured, Attainable, Realistic and Timely.
Because of those factors, anyone using SMART goals is forced to be accountable, which should help in accomplishing that goal.
If the goal for your business is to grow cashflow by 25% by the end of next August, ask yourself if that goal fits the requirements to be a SMART goal?
Is it specific? Yes it is.
Is it measured? Yes, you can certainly figure out how close you are to your goal of 25% growth as the year wears on.
Is it attainable? It depends on the business, but for this article, let’s say it is an attainable number.
Is it realistic? If your goals aren’t realistic, what’s the point of setting them? You want to have goals that can be accomplished and that lead to steady improvement.
Is it timely? Putting a timetable on your goals will allow you to accomplish more while measuring the progress you are making toward your end result.
You can use SMART Goals in everything you do, from living a healthier lifestyle to taking the vacation of your dreams and building online. So what do you want to accomplish, personally and professionally, over the next few months, the next year, the next couple of years and how will SMART goals get you there?
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