Importance of Setting SMART Goals

The ability to concentrate and to use your time well is everything if you want to succeed in business–or almost anywhere else for that matter.
-Lee Iacocca

It starts as soon as you get out of your college and get admitted into a Management Institute. Right from then you need to start setting goals for yourself as part of survival in this competitive world. When we set achievable and clear goals we are ensuring that we move forward in not only our professional life but also life outside the workplace. Our ability to set effective goals makes us stand out of the crowd and also gets us rewarded professionally and personally.

We now know the importance of goal setting, but we also need to understand the goal setting strategy. Not all goal setting strategies are good, which would get you success. We need to remember that our goals should be S.M.A.R.T. which means that your strategy should be about setting smart goals.

Defining S.M.A.R.T Goals.

A S.M.A.R.T. Goal is:

  • Specific. When you have specific goals, you are more likely to achieve them in comparison to general goals. A specific goal is when we are able to clearly identify a task, distinct task. For example, “go to college” is a general goal, while “complete a Masters Degree in business administration” is a specific goal.
  • Measurable. It is much easier to monitor your progress when you set measurable goals. For example, a goal saying “I want to be a successful entrepreneur” is not a clear goal. Instead you should have a goal saying “I want to reach a revenue or half a million by March 2016”. This way if you are not able to get the desired results in the first semester, you would know and you would work extra hard to get better results in the second semester to compensate for the short fall in the first.
  • Achievable. You need to be very cautious that your defined goals are not unreachable. You it is indeed unreachable, you are bound to get discouraged. For example, “become a CEO of a fortune 500 company in 10 years” is not an achievable goal for a fresher, even though it may qualify as achievable in the future.
  • Relevant. You need to ensure that the purpose of the goal you are setting is very clear to you. When you care about your goals, you are much more likely to achieve success. For example if you as a member of a non profit organisation are given a task to raise funds for an unspecified cause, you are bound to not put in real effort since you are not clear as to what is toe goal of raising this money. Instead, if you are told that this fund raising is for support of elderly homeless people and if you care about this cause, you would realise that the efforts you are putting in are much more.
  • Time-framed. Talk to any career conscious person and he would tell you how important is  it is to establish and meet deadlines in business. IF you maintain the same practice in goal setting you would be able to achieve better success. Each goal should have a specific time limit, such as three months, one year, etc.

Why Set S.M.A.R.T. Goals?

You should start using the S.M.A.R.T. goal setting strategy before even starting your career with your first employer. It is useful in college and even during the job search process. The more practice you have with S.M.A.R.T. goal setting, the more effective you will become. In your career, if you use this strategy, employers will take notice of your abilities, and you will be more likely to qualify for positions of leadership.

Even though it takes some extra time, setting a S.M.A.R.T. goal isn’t difficult, and the desirable results make it well worth the effort. Not only will women enjoy better status at work when they use this strategy, but they will also benefit from S.M.A.R.T. goal setting in their personal lives.

SO What are your goals?

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Trainer, Consultant & Writer at ASK Consulting &
Vikas Sharma is an internationally know Trainer, Consultant and Writer. He works with SMEs to develop their processes & procedures and with some governments to develop their BPO Industry.
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