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Goal Setting Materials

The document provides steps for small business leaders to set goals and objectives for the new year. It defines the difference between goals and objectives, with goals being broad and long-term while objectives are specific and short-term. It then lists 5 steps to set goals: 1) Prioritize goals and make them specific, realistic, and written down. 2) Review goals with your team to ensure alignment. 3) Use the SMART framework to make goals specific, measurable, attainable, relevant and time-bound. 4) Set key performance indicators to measure success. 5) Build good habits like scheduling to help achieve goals.

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Humphrey Oyatsi
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93 views5 pages

Goal Setting Materials

The document provides steps for small business leaders to set goals and objectives for the new year. It defines the difference between goals and objectives, with goals being broad and long-term while objectives are specific and short-term. It then lists 5 steps to set goals: 1) Prioritize goals and make them specific, realistic, and written down. 2) Review goals with your team to ensure alignment. 3) Use the SMART framework to make goals specific, measurable, attainable, relevant and time-bound. 4) Set key performance indicators to measure success. 5) Build good habits like scheduling to help achieve goals.

Uploaded by

Humphrey Oyatsi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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Succeed in the new year by following

these simple steps for goal setting


Are you feeling frozen in place when it comes to your business objectives
and goals for next year? Don't worry, you're not alone. Many small-
business leaders feel overwhelmed and confused about where to start,
especially when there's so much at stake. With these five steps, you can
easily outline your key objectives and goals for next year.

How to determine your key objectives


and goals for next year
If you don't take the time to sit down and think about your objectives and
goals, it's easy to lose sight of them as the year goes on. But first, it’s
important to know the major distinctions between goals and objectives:

Goals are usually broad, long-term, and complex. They are often abstract
and difficult to measure.

Objectives are typically concrete, short-term, and specific. They are


generally easier to measure than goals.

1. Know the goals you want to


prioritize
By taking the time to think about the goals you want to prioritize, you can
ensure your efforts are focused and that you're more likely to achieve
success.
Keep in mind the following when goal setting:

 Be specific. The more specific your goals are, the easier it will be
to develop a plan to achieve them. Ask yourself what you want to
achieve and when you want to achieve it.

 Ensure your goals are realistic. It's important to set goals that
challenge you but are still achievable. If your goals are too
ambitious, you're likely to get discouraged and give up.

 Write down your goals. Once you've decided on your goals, it's
important to write them down. This will help keep you
accountable and motivated to achieve them.

2. Review your goals with your team


It's important to ensure that your team's goals are aligned with the
company's strategy, and without objectives, it can be difficult to ensure
that everyone is working towards the same goal. Therefore, you should
ask yourself the following questions:

 Does this goal help us achieve our overarching objectives?

 Is the goal realistic and achievable?

 And most importantly, is it something that my team can


influence?

If the answer to any of these questions is no, then it might be time to


reconsider the goal. Once you've identified the right goals for your team,
start reviewing progress and discussing objectives.
3. Use the SMART goal-setting
framework
When it comes to setting goals, there is no one-size-fits-all approach.
What works for one person may not work for another. However,
the SMART goal-setting framework provides a helpful structure that can
be adapted to any goal.

When thinking about the framework, determine the following

 Are your goals specific? This means clearly defining what you
want to achieve.

 How will your goals be measured? Think about how you will track
the progress and know when you’ve achieved your goal.

 Determine if your goals are attainable. This doesn’t mean your


goals should be easy, but they should be achievable with some
effort.

 It’s also important that your goals are relevant to your overall
objectives. Ask yourself if achieving this goal will help you reach
your larger goals.

 Finally, all goals should be time-bound, meaning they have a


deadline.

No matter what framework is used, it is important that objectives are


determined before creating any sort of plan or taking action steps
towards a goal. This allows for better clarity and focus so that everyone
involved knows what needs to be done in order to achieve success.

4. Set your KPIs


You need to set your KPIs (key performance indicators) in order to
measure your success. But what are KPIs? What should you include in your
KPI list? How can you use them to improve your business performance?

KPIs, or key performance indicators, are quantifiable measures that


indicate whether or not a company is achieving its desired results. In other
words, KPIs tell you if you’re on track to meeting your business goals.

There are various KPIs that companies can track , but the most important
ones will be specific to your business goals. For example, if your goal is to
increase sales by 20% this year, then a relevant KPI would be "sales
growth."

5. Build good habits


If you're serious about reaching your goals, you need to start building
good habits. That means ensuring you're doing things that will help you
move closer to your goal and avoiding things that will set you back.

Here are some tips for developing habits that will help you reach your
goals:

1. Set a schedule and stick to it

2. Find a support group


3. Set small goals

4. Get rid of distractions

5. Be patient

Building good habits is an important part of goal setting because it


provides positive reinforcement, helps improve your ability to stick with
your goals, and makes the journey feel less daunting. For example, by
exercising regularly, meal planning, and developing a strong support
network, you can put yourself in a much better position to succeed.

Reach your goals and objectives with


Capterra tools and resources
Follow these five steps to determine your key objectives and goals. Once
you have an understanding of what you want to achieve, review them with
your team and make sure everyone is on board. Then, ensure they're
SMART—specific, measurable, achievable, relevant, and time-bound and
set your KPIs. Finally, build good habits to help you reach your goals.

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