Goal Setting For The New Year

Resolutions are usually very broad. For instance, “I want to make more income in my business” or “I want to lose weight.” Both are great resolutions to have, but these resolutions will quickly be forgotten without a plan and/or goals in place and leave you with a sense of failure or defeat. I don’t know anyone who likes that feeling.

A great way to create goals is with the SMART acronym. Here is what it stands for and how you can create achievable goals that will lead to successful resolutions.

S: Specific: Goals need to be specific. For example, “I want to increase my business revenue by 25% this year.” Not “I want to increase my business revenue.” Start with asking yourself these questions:

  • What needs to be accomplished?
  • What steps need to be taken to achieve it?

Thinking through these questions will help you get to what you are aiming to accomplish.

M: Measurable: Being specific is excellent, but making sure your goals are measurable will make it easier to track your progress and when you have met your goal. Putting your goal in writing will also keep you focused. For example, “increasing sales” or “reducing debt” are measurable goals; “working harder” or “making more money” is difficult to measure.

A: Attainable/Achievable: Goals should be realistic and challenging. For instance, if you own a local boutique, overtaking Macy’s in sales is not a realistic goal. Increasing your yearly sales by 25% is just enough of a stretch to be challenging.

R: Relevant: Goals should align with your long-term goals/plans. If your long-term goal is to have $100,000 or more in sales this year, your “baby step goals” should directly correlate to achieving this.

T: Time-bound: Your goals need a time frame, a due date if you will so that they can be tracked easily. Without a time frame, goals can’t be adequately measured. Goals should have a time limit (“by December 31, 2022, I will have increased my sales by 25%).

By using the SMART acronym, you will create goals that will help you achieve your resolutions. Don’t forget to celebrate your progress and little successes along the way. It will help keep you motivated to complete the big picture goal(s).

We wish you all the success, joy, and happiness this New Year!

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