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SMART Goal Setting: Determining Your Business’ Objectives

by Paul Petersen
March 27, 2021
in Business
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SMART Goal Setting: Determining Your Business’ Objectives
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You can’t have continued success without having a plan and the most effective way to create an action plan for success is with smart goal setting.

Millions of people in the world have great ideas but they never go beyond a personal dream because they don’t take the action to make those dreams come true.

Keep reading to learn more about SMART goal setting and how it can change your business and your life.

Why is Goal Setting Important?

Goal setting is important because it separates the achievers from the dreamers. Society seems to expect students, entrepreneurs, and people, in general, to just know how to set effective and efficient goals.

Everyone sets goals at some point in their lives. Business owners have to set goals to get their business running. They may not consciously work out the small steps that help them achieve their dream but goals are like a To-Do list with purpose.

Why spend your time, energy, and resources working towards outcomes and completing tasks that don’t really get you any closer to your mission or overall goals?

Setting goals helps you and your company be more productive, achieve higher success rates, and find greater motivation than ever. Goals help everyone in the organization know what they are working towards and why.

What Are SMART Goals?

S.M.A.R.T goals are well-thought-out action plans to get you closer to your overall purpose and achieve your vision.

Specific

Goals that are vague or too general are impossible to gauge success or to even be able to celebrate achieving because you never know when you have reached the goal. The more specific you are when you set goals, the easier it is to know your progress and success. Everyone can understand what they are working towards and can be motivated because they have a finish line to focus on.

Measurable

When setting goals make sure that you can measure your progress and be able to celebrate your successes along the way. This also allows you to see if daily actions and To-Do lists are getting you closer to or further away from your overall vision of success.

Achievable

You aren’t doing yourself or your business any favors by setting goals that are unachievable. You need a goal that breeds motivation and greater success, not one that fizzles out because there is no clear finish line.

Relevant

Are you setting goals that are relevant? When you sit down to plan your week are you spending your time and resources for that week on things that get you closer to your vision of success?

Time Sensitive

If you give yourself all the time in the world to accomplish something you’ll never have the motivation to get it done. When you don’t set time-sensitive goals things that do have a deadline will end up pushing your goals towards the bottom of your daily to-do list.

Make Smart Choices

Whether it is choosing to get enough sleep or deciding to build effective dashboards with Qlik Sense KPIs to improve your business management operations, there are a million choices each day that either take you one step closer to success or one step further away.

Share Your Vision

If you want your entire organization to work towards common goals then you need to share the vision and the appreciation for a job well done. You can reach unimaginable new heights in your business if you master the art of smart goal setting.

Don’t forget to bookmark our site for more articles on achieving business success in every niche.

Paul Petersen
Paul Petersen
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