How to Set Smart Business Goals (And a Few to Steal)

Everybody has heard about the importance of setting specific goals. Nonetheless, studies show that five out of six people do not set any specific goals, and only 3% write down their goals. This is especially surprising because the people who write down their goals are 30 times more successful than people who have no specific goals at all!

Of course, to make the most of your goals, you want to make sure that you are setting smart business goals. As long as you were going to do it, you might as well do it right.

But exactly how do you set smart business goals? On top of that, what kind of goals should you be setting?

Read on to learn all about the most important things to keep in mind when you are setting business goals!

How to Set Smart Goals

There is a reason that people who write down their goals are more successful than people who do not. Writing down your goals forces you to be specific. An actual sentence is much more concrete than a vague image of something that you want.

That is one of the most important principles of setting goals. Make sure to be as specific as possible.

Specificity is not just about what you want. It is also about when you want it.

You want to say when you will achieve your goal. This achieves two things.

First, it is more specific, it shows exactly what you say that you want.

Second, it forces you to confront the prospect of real failure. Many people are afraid to say goals because having a goal means that you know if you have failed to reach it.

Smart Goals Worth Setting

Make sure to set goals that are valuable all by themselves. If you set a goal about a KPI, you might find ways to hack the system and increase the KPI without actually increasing value.

On the other hand, setting a goal to increase net income is much more likely to lead to results you will be happy with.

Other great goals focus on your long-term success. If there is a practice that you know will help you down the line, but you have trouble sticking to, make it a goal to complete this practice at appropriate intervals.

The more smart business goals examples you look at, the more you might be interested in other strategies for setting business goals. The right strategies can help you move from generating a list of business calls to meeting the financial goals for a business that you have dreamed of.

Check out the OKR Strategy for a powerful way to set small business goals and start to move toward them.

Understand How to Set Smart Business Goals

We hope that some of the ideas in this brief article about how to set smart business goals have been helpful for you. Many people prefer not to listen to advice about goals because they have heard it so many times. However, some of the most powerful advice is the advice that is so popular that you have heard a 1000 times before.

Learning to set goals can be difficult. But if you work at it for a while, you can almost certainly find a way to make it work for you and reap the benefits. To keep up-to-date on the latest developments in business, technology, and more, take a look through our other articles!

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