Cheers to starting fresh in 2015! We often mark the start of a new year resolving to make lifestyle improvements like eating healthier or exercising more, but many of us forget about business resolutions. Did you know that only ten percent of the population has specific, well-defined goals, but even then, seven out of the ten reach their goals only half the time. Interestingly the top three percent of the population achieved their goals 89 percent of the time and it’s because they have written down their goals.
We’ve heard the importance of goal setting, but how many of us write down our goals or have a clear plan to reach them? Creating goals helps keep us focused and motivated. Just like making New Year’s resolutions, setting business goals doesn’t need to be complicated. Here are four simple steps to setting and keeping goals for your business.
Determine your long-term target. Do you want to earn money for a big-ticket purchase, a vacation next summer or save for retirement? It doesn’t matter how big or small your long-term goal appears, it’s yours to identify. Periodically review your long-term goal to assess progress and modify as your circumstances change.
Create the path to your long-term goal by setting short-term milestones. Make short-term goals precise and measureable: Each month I will earn ‘X’ amount of money or recruit ‘X’ number of people. Expressing goals positively (“I will” instead of “I won’t”) builds on self-confidence, a virtue of successful leaders and entrepreneurs.
Get organized and establish a routine, including prioritizing tasks, keeping a to-do list and making time daily. Only have five minutes today? What can you do that leads to your goal? Maybe it’s following up with a potential customer or touching bases with a team member needing support....