Goals without a plan are just a wish! Chances are, you’re not going to achieve your goals by accident: it takes purposeful planning. If you don’t define those goals and create a plan to work toward them, you’ll never reach them. In addition, the quality of the goals you set for your small business will have a huge effect on your success in achieving them. It’s not difficult to set goals, but it can be tough to make sure they’re SMART. Get started with these 5 easy steps.
S.M.A.R.T. is an acronym that stands for:
• Specific- The more specific your goal is, the easier it will be to make a plan and work toward it. A vague goal is much harder to know how to tackle. Also, writing your goals down helps you develop specifics to help you reach them.
• Measurable- Goals should be measurable so that you have tangible evidence that you have accomplished the goal. Usually, the entire goal statement is a measure for the project, but there are usually several short-term or smaller measurements built into the goal.
• Achievable – An unachievable goal is not only a waste of time, but is also discouraging. Be sure to be realistic in your goal-setting. Goals should be achievable; they should stretch you slightly so you feel challenged, but defined well enough so that you can achieve them.
• Relevant – Your goals should be consistent with what you want to achieve with your business. There’s no point in wasting time on a goal that won’t help you achieve your overall goals.
• Time-bound – Lastly, but just as importantly, you should set a time limit on your goals. If there’s no urgency to achieving your goal, it’s easy to keep pushing it off.
Anna Aeschliman is the Director of Growth at AFS, where she helps businesses scale smarter through factoring and strategic funding solutions. A Kansas City native with over seven years in the industry, she holds a Marketing degree from the University of Kansas.
