In this blog, I discuss why it's so important to use SMART goals and make sure the goals are specific to your individual needs.
It's sometimes tempting to look around at others who you consider to be successful and and try to model your goals after theirs. But setting goals that are dialed in with your life's journey is vital to your success.
How do you know if you're setting them too high, or not challenging yourself enough? SMART goals can provide a compass to help you find your direction. The foundation of a vision and goals can feed an action plan that sets you on a winning course.
Why SMART Goals? Because They Work!
They've been around forever, but they've stood the test of time... Using SMART goals assures there is little ambiguity about what is to be accomplished. They have huge benefits over more vague goals by keeping you focused. They also help guide your action plan, making it easier to prioritize and revisit your goals so that you have on-going management of your plan.
SMART is an acronym that stands for:
S: Specific (clear statement that is not too broad in scope)
M: Measurable (has a way to evaluate accomplishment of goal)
A: Attainable or Achievable (within the scope of what is possible)
R: Relevant (clearly connects to your vision and mission)
T: Time-bound (provides a date or time frame by which it will get done). Goals may be targeted for completion in a month, in a quarter or in a year. Many people find it useful to have a big annual goal that can be broken into quarterly goals.
Important Steps to Take Before You Write Your Goals
Setting goals requires a number of things up front before you start to develop them.
1. Prioritize by knowing your why: In which areas of your life do you most want to begin and why? Your "why" is truly your foundation. If you haven't asked yourself why reaching a certain financial goal, or attaining a certain number of properties is important to you, it's hard to write clear goals. Begin with a vision (both a statement and visual representation are important). For more about visioning, check out my blog: https://inc.newzenler.com/blog...
2. Involve Others: Ask yourself if there are others who need to be involved in discussing and identifying each goal. Even if you don't feel they need to be considered in writing a particular goal, it is helpful to talk with significant people in your life - family, friends or colleagues to get their perspective about how they would chart your pie.
3. Review Your Vision: Continue prioritizing by considering the underlying reasons you have to accomplish that particular goal. Revisit your vision statement and ask yourself if the area you are working on makes sense (this is the "R" part of the SMART goals - asking yourself if the goal is relevant to your vision).
4. Plan for Revisions: Plan now for how, and when you will manage and revisit your goals after you've initially developed them. It’s important to incorporate ongoing systems and checkpoints to not only follow through on the goals and plans you’ve created, but to periodically do a check-in to determine if your goals need to be tweaked. You may be so clear that you are happy for the rest of the year. However, few of us get it perfect right out of the gate. The reality is that you typically refine these when you ask yourself, am I clear about why I want this goal, and how will I get there? Often you set goals or resolutions at the beginning of the year. If you see you’re not reaching them, you abandon them rather than manage them. Don't abandon - revise! Set a date for yourself, or with the person(s) you're working with to come back to the goals within a week. A plan is only as good as its reassessment and your goals are only as good as their relevance. Long live the agile!
Want more ideas and support for reaching your goals and living the life of your dreams?
Check out our website at: investorsnetworkcommunity.com
I've been supporting investors and others in living their best lives through goal-setting/action-planning retreats and mastermind groups for over forty years.
Please get in touch if you'd like to know more or would like to register for a mastermind group:
720-890-1119 (office landline)