Monday, 2 June 2014

GOAL SETTING - Starting Point to Grow Your Business

GOAL SETTING

Starting Point to Grow Your Business

“If one advances confidently in the direction of their dreams, and endeavours to live the life which they have imagined, they will meet with a success unexpected in common hours.”
- Henry David Thoreau

"If a man does not know where he is going in life he will only end up where he is headed."
- Confucius

The most powerful tool of personal/professional leadership is the activity of setting goals; for ourselves, our family, our business and our future. Stephen Covey, in his book "The Seven Habits of Highly Effective People" says, "if we are serious about providing personal leadership for our lives we must begin with the end in mind" (Habit #2). So, why not begin everyday with the end in mind?

Have you given any thought to where would you like to be in 3 years, 5 years, 10 years? Do you have a vision for your future? If you're concerned about your future, about where you're going to be in 3, 5, 10 years, it would be helpful to plan for your future.

The foundation of self-management and self-improvement is based on goal-setting. It is the essence and at the heart of almost every aspect of being successful. Without exception, the literature on personal effectiveness always discusses goal setting as the foundation upon which personal effectiveness is developed. The key is to create a balance between your roles and your goals and have them both fit under the umbrella of your personal values and vision of what your life is about.

 

Key points on Goal Setting


-          Goals should be set for both short-term (next 12 months) and long-term (next 3-5 years), and related to your personal, professional and spiritual existence.

-          Goals should be committed to paper, reviewed and updated periodically to remain consistent with your vision and values.

-          Goals should be defined within a range of possible outcomes only when you're unable to set a specific goal.

-          Goals should never be established for self-glorification, or at the expense of others.

-          Goal setting with others should always be done in a face-to-face setting.

-          Goal setting should include any qualified conditions pertaining to their achievement.

-          Goal setting can translated into confidence building.

-          Goals should only be shared with people you trust and respect. 

As you can see, the process of goal-setting is very deliberate and structured. It requires an understanding of your personal, professional and spiritual values and the vision for your life. It also requires that you be willing to do whatever it takes to achieve your goals, as long as they are legal, moral, and ethical. The operative words in this commitment are ‘be willing’. You must possess a willingness to do whatever is required (this does not necessarily mean you will have to do anything - just be willing and ready to, if it is necessary) to achieve your goals.

The achievement of your goals will also require that you put forth time and effort. Without action, goals are merely fantasies. We all wish we were rich and famous and never had to work anymore. While this is a bit nebulous, it is nevertheless possible for anyone to achieve, if they are willing to put forth the time and effort to do what it takes to get there. Peter Drucker said, “Most people don't plan to fail, they just fail to plan.” We all need a ‘blueprint’ for our lives if we are to get what we desire. In the process it’s important that we be flexible enough to respond to the changes, challenges and opportunities we are likely to encounter, in our commitment to achieving our goals.

SUMMARY

Goal Setting requires
Structure:
Start with a dream and then identify the goal, objectives, strategies, and tactics to accomplish the desired results.
Content:
Should be ‘SMART’ (Specific, Measurable, Achievable, Realistic, Time-bound)
Action:
Armed with a positive attitude, create a plan, put forth the time and effort and measure your progress in the process of achieving your goals.


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