Goal setting is important. It is the one secret that all very successful businesses know. They recognize that goal setting is a powerful tool that elevates and expands our thinking and provides us with a road map to success. Why is it then that so many companies don’t take the time to train their junior- and senior-level executives on how to do this very important function?
Maybe it’s because they have the same love/hate relationship I do with the goal setting activity.
I love dreaming about the future of my business and what it will look like a year from now, and I love celebrating achieving my goals. But I hate the part of the goal setting process that makes me break things down into the tiniest of parts – assigning responsible parties and deadlines. I guess I am just a “big picture” person. The minutiae slows me down.
Over the years, I don’t know where I would be without this process. I’ve developed a 6-step approach that has kept it simple but effective for me. Maybe it will work for you, too.
Schedule a day or several days away. I like to get away from the office, which is full of distractions, to think and plan and dream about all the things I want to accomplish in the next year. If you head up a corporation, think about the possibility of a management retreat in September to give your staff time to think about their goals, too, and how they are going to accomplish them.
Develop the big initiatives for the year. Keep your plan flexible and fluid, so important during times of economic volatility and uncertainty. For these reasons, I generally plan no more than a year ahead. With how rapidly things are changing, sometimes even six months is too long a period for planning ahead.
Break the big initiatives into small, more manageable goals by quarter.
Divide the quarterly goals into monthly goals with weekly milestone indicators. Create a daily “To Do List” that you will review each morning and modify based on your progress and priorities.
Commit your goals to writing.
Share your goals with your team.
Happy goal setting and may the year ahead be profitable and successful for you!
Do you love or hate setting goals?
If you like our content, please share! Your comments are always read and appreciated.