Why Do Goals Need To Be S.M.A.R.T., Anyway?
S.M.A.R.T. goals are the most effective way to set yourself up to actually achieve your goals. Before you even start your quarter, you’ll have an action plan for potential obstacles and most importantly – a deadline to work towards, which will keep you accountable.
Many business owners set goals on a quarterly and yearly basis, yet many don’t actually hit those goals. The problem is that they are missing prudent information in order for them to be successful. Visualizing your success is only one piece of the puzzle – the most important piece is the action that must follow.
S.M.A.R.T. Goals Are: Specific, Measurable, Achievable, Results-Focused, And Timely
Below, I’ll break down exactly what to consider when designing your S.M.A.R.T. goals:
Making a goal specific means you are able to pinpoint:
- Who needs to be involved
- What it is that you want to accomplish
- Identify requirements or restraints ahead of time and prepare for them
Avoid setting yourself and your team up for disappointment due to a simple oversight. Do the work ahead of time and you won’t end up with surprises.
Additionally, without having a solid method for measuring your progress, or defining what “success” looks like, you’ll never know when you’ve crossed the finish line.
Ensuring your S.M.A.R.T. goals are measurable means asking the following questions:
- How much?
- How many?
- How will I know when it is accomplished?
Answering these questions will help you stay on track and regroup if necessary in order to reach your targets. Utilizing a method for measuring progress allows you to support your team in their goals, too. Also, you’ll feel the excitement as you get closer and closer to your goal.
A business goal should stretch your abilities, but still be possible. As you design your goals, ask yourself the following questions:
- Are the necessary resources available to you?
- Can you afford to do it?
- Is the amount of time you’ve committed to realistic?
Reflecting on these questions can assist you in identifying opportunities you previously overlooked or additional resources.
What is the result you are looking for? Step back from the specific activities that need to be accomplished and visualize what exactly “success” will look like. Being clear about the results you’re working towards will keep you focused until you’ve achieved success, and keep distractions at bay.
Every goal needs a target date so that you can hold yourself and your team accountable. Having a specific and challenging deadline also keeps everyday tasks from taking priority over your long-term goals. Answer the following questions for yourself:
- What can wait to get done six months from now?
- What is the most important thing for me to do today to reach my goal?
Your answers will help lay out your action plan all while being realistic.
If You Aren’t In The Habit Of Being S.M.A.R.T. Just Yet…
This could not be a better time to start. With Q4 fast approaching, why not ensure that you end your fiscal year with a bang! S.M.A.R.T. goals encourage the preparation and focus needed to take success into your own hands.
If you feel ready to move your business to the next level, contact me today! We can connect with a complimentary consultation – with no obligation to sign up for coaching afterward. We will work together to redefine your dreams and vision and then put into place the necessary strategies and tactics to turn your business venture into a thriving one.