The value of goal setting in life cannot be overestimated. In the words of Tony Robbins, “Progress equals happiness.” We need to feel as though we are working towards a goal in order to finally feel satisfied and joyful in life. But are all goals the same? The results you achieve (or fail to achieve) ultimately indicate the quality of the goals you set for yourself. Sometimes we lose our goals and that’s okay. Everyone fails from time to time – that’s part of the extraordinary life building journey you deserve. However, when you find that you are constantly failing to meet or give up on your goals, it is time to find a new way to define your intentions. If your goals are not met, then they are likely not SMART goals – clear and achievable strategic goals backed by a plan to achieve those goals. Unlike its peers – goals that are vague, overambitious, or unplanned – setting a SMART goal gets you to the point of achieving what you want in life.
What are SMART goals?
The acronym SMART Goals describes its strategy for achieving a goal. SMART goals are specific, measurable, achievable, realistic, and time-bound. SMART Goal Strategy saves you wasted time not knowing exactly what you want or how to get there.
Due to its effectiveness, SMART goal setting is widely used in business, but you can use it in your personal life as well. SMART goals are smaller intentions that will help you achieve the big goal that you set when you set your goal. Taking small steps toward massive results will help you better focus your energy. This clarity brings the power behind your goals and gives you the opportunity to measure your progress at regular intervals and take new measures.
Why are SMART Goals so important?
Research shows that in addition to 98% of entrepreneurs never achieving their goals, 20% of small businesses fail in the first year, 30% in the second year, and 60% in the fifth year. Even in its tenth year in business, 70% of small businesses are closing their doors.
There are many reasons companies fail, from neglecting the importance of continuous innovation to resisting the growth philosophy required to survive tough times. The bottom line is that these companies failed to achieve their goals, likely due to problems with the goals themselves. Failed companies did not set SMART goals that would make it easier for them to achieve success.
What are struggling entrepreneurs doing wrong and how can we learn from their mistakes? Did you fail to grasp the important business principle or were you just not in the right mindset? As entrepreneur and marketing guru Jay Abraham has noted, one can think differently. Time to use SMART goals to change the way you think.
We can set goals for ourselves in any part of our lives, from work to building fulfilling relationships to mastering a new hobby. However, if these goals are not set on purpose, they may be more difficult to achieve. The goal of SMART is to be lonely and live with a purpose.
Smart goal setting process
Wondering how to get started with SMART Goal Setting? Whether you are looking to make more money, start a business, write a book or lose weight, you can look at your desired result through SMART’s aiming lens.
Setting and achieving SMART goals is relatively easy. First, define your goal. What do you really want to achieve? Really focus on this thing so that your energy flows in that direction. Your goals must be persuasive and get you where you want to be. In order to create and maintain the momentum that drives you to achieve your goals, you need to have SMART. With SMART Goal Setting, you can change your life. Whether you are setting business or personal goals, the change you want starts here. Let’s start with the question, “What are the goals of SMART?”
Abbreviation for smart goals: five main elements
Dive into the acronym SMART Goals to reveal its formula for success.
1. SMART goals defined
The adage that you “want to make more” is very vague. Instead, choose a number for the money you want to make. Do you want to start making $ 150,000 per year, $ 500,000, or even $ 1 million? Do you want to increase your business profit by 20%? Set a unique number to track your progress. Having a specific goal is useful in two ways: you can better visualize your results – imagine all those zeros in your bank account – and you will no doubt know when it will be achieved.
2. SMART goals are measurable
The SMART goal setting includes tracking your progress. If your goal is not measurable, then you cannot objectively say that you have achieved it. In our example, the specific goal is already measurable: you can check the numbers over the course of the year to see if you’ve hit $ 150,000. You can also make other goals measurable. For example, instead of “learning to play golf,” your measurable goal might be to “reduce my handicaps from 25 to 20”. So you can watch your development. How do you adjust your goal? Are you on the right path to success?
3. Smart goals are achievable
Setting an achievable goal means choosing a goal that is achievable but also achievable. If you choose a target that you know is outrageous – let’s say you are currently making $ 30,000 and want to win $ 5 million next year – you are more likely to miss your target. If you can aim too high it may seem impossible and you may end up giving up. Use SMART goal setting to make concrete progress and to avoid setting yourself up for failure with unachievable goals.
4. Smart goals are realistic
Unusual goals produce extraordinary results. So you want to be brave. However, to define an effective SMART goal, you also want to make sure that your goal is realistic. Realistic goals are those that you can and can work towards by improving your current habits. Business expert Jay Abraham reminds us, “You need to know what you’re trying, why you’re trying, and what your skills are.” Your goals won’t be meaningful if they’re not based on your reality now. Whether you set commercial or personal goals, Abraham’s words sound true.
What do you need to do to meet your financial goals? Whether you want to generate more sales, upgrade to management, or take the lead in dealing with a large client, make sure your goal is something you have the time and energy to do. While setbacks can be a catalyst for change and revitalization, if your goal is unrealistic, you will have a hard time getting back on track.
5. SMART goals are set in a timeframe
The final principle in defining SMART goals is to establish a clear time frame within which you can achieve your goal. Give yourself adequate time to achieve your goal. Do you think you can get the salary you want in six months, a year or two? Having a clear timeframe is important for reviewing your progress towards reaching your goal. If you didn’t achieve your goal within the time frame, it’s time to reconsider: Was your goal achievable and realistic? Was your time frame too short? Or did you just not give her everything you had? If you are using the acronym SMART Goals to define what you want, there is nothing wrong with redefining your goals as long as you are clear about why you didn’t achieve them.