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Setting Business Goals
The start of a new year is a great time to position yourself and your company for success by setting goals. If you have been an Entrepreneur for some time, then you should have some goals already in place. You can use your existing goals as a foundation to compare and decide what is working and what needs improvement.
For those who are new to setting goals, I will begin at the foundation of setting successful business goals.
As an Entrepreneur you determine the purpose of your business. Once you determine what your purpose is you then need to map out a pathway to lead you to fulfilling that purpose. That is why setting SMART business goals are very important .
In business, goals should be defined using the acronym SMART. Smart goals refer to a process where each letter in the word smart has a specific meaning and we will walk through each letter and give meaning and explanation to how to develop a goal behind each letter.
The first letter S means that your goals should be Specific. This means that your goals should not be kinda, sorta maybe. It has to be clear so that you know what it is that you are setting out to do. The next letter is M which means how will you measure your progress. Is there a process you have or plan to put in place in order to measure outcomes during the course of the week, month or each quarter of the year.
The next letter is A which stands for achievable. This means that when setting your business goals is it something you think that you can reach. The next letter is R which stands for it in line with what the purpose of your business is all about. The last but not least T which stands for timely are you able to take the goals that you set over a period of time
Once you have identified your target areas of focus through your SMART goals. The next step is to organize a plan of how you plan to go about achieving each goal. I would advise you to customize your SMART goals to your business. Many times what works for someone else in their business may not necessarily work for you.
Smart Business Goals should serve as the launching pad and foundation of your business. If you take the time to carefully and strategically set your business goals then they should lead you to a successful outcome. As an entrepreneur you have the power to set those goals and experience the personal satisfaction of watching your business grow.
That in my opinion is priceless. It also is very powerful. There is no magic formula: you do what works for you and your business and adjust when necessary. As an Entrepreneur you are in a unique position to direct your company towards success and hopefully the information that I have outlined in this blog will lead you to creating business goals that will aid in that success.
Position your Business for Success
The start of a new year is a great time to position yourself and your company for success by setting goals. If you have been an entrepreneur for some time then you should have some goals already in place. You can use your existing goals as a foundation to compare and decide what is working and what needs improvement.
For those who are new to setting goals, I will begin at the foundation of setting successful business goals.
As a Entrepreneur you determine the purpose of your business. Once you determine what your purpose is you then need to map out a pathway to lead you to fulfilling that purpose. That is why setting SMART business goals is very important.
SMART Business Goals Defined
In business, goals should be defined using the acronym SMART. Smart goals refer to a process where each letter in the word smart has a specific meaning and we will walk through each letter and give meaning and explanation to how to develop a goal behind the letter.
The first letter S means that your goals should be specific. This means that your goals should not be kinda, sorta maybe. It has to be clear so that you know what it is that you are setting out to do. The next letter is M which means how will you measure your progress. Is there a process you have or plan to put in place in order to measure outcomes during the course of the week, month or each quarter of the year.
The next letter is A which stands for achievable. This means that when setting your business goals is it something you think that you can reach. The next letter is R which stands for relevant which basically means is it in line with what the purpose of your business is all about. Last but not least T which stands for timely are you able to take the goals that you set over a period of time. The emphasis is on the word time.
Once you have identified your target areas of focus through your SMART goals. The next step is to organize a plan of how you plan to go about achieving each goal. I would advise you to customize your SMART goals to your business. Many times what works for someone else in their business may not necessarily work for yours.
Smart Business Goals should serve as the launching pad and foundation of your business. If you take the time to carefully and strategically set your business goals, then they should lead you to a successful outcome. As an entrepreneur you have the power to set those goals and experience the personal satisfaction of watching your business grow.
That in my opinion is priceless. It also is very powerful. There is no magic formula, you do what works for you and your business and adjust when necessary. As an Entrepreneur you are in a unique position to direct your company towards success and hopefully the information that I have outlined in this blog will assist you in creating successful business goals. Until next week my readers…. Continue
Living Your Dreams out Loud
