Smart Goal Setting For Your Business
Every business should have some clear goals. You need to know where you are heading, your staff need to know what the steps are to get there and you all need to be able to see how well you are progressing.
So what is the best way to set out your goals and how do you know whether you are achieving them?
Setting Smart Goals
Any business goal should be SMART: specific, measurable, attainable, relevant and time-based. This method works really well as it forces you to put all your goals into perspective. A SMART goal is never a whim, it is carefully thought through and can be followed from beginning to end.
Whatever business improvements you intend to make, you should always set a smart goal everyone can help work towards to achieve the results you want. So, let’s say you want to save some money. Put a specific number on your savings goal, check your accounts regularly, make sure that your savings are reasonable within your budget, make sure that saving will be a realistic goal within your business and set a time limit on your savings.
Tracking Your Achievement
Tracking your achievement is essential as you need to know what is working, what can be improved and what you might consider trying next. The more quantifiable your achievement is, the easier it will be to figure out what is working. For example, measuring the number of clicks or the number of minutes on a page is more quantifiable than simply asking someone if they enjoyed a blog.
There are a few ways to track your achievement but okr tracking software is highly recommended. By defining your objectives and key results, you can not just see your successes but quantify them as well. This is really important as it makes your successes comparable and improvable, giving you room to continue to grow and develop.
Getting the Whole Team On Board
Setting business goals and tracking your achievement is all great but you must get the whole team on board to succeed together. Including everyone in company-wide goal setting might sound like a recipe for a long and chaotic meeting but, actually, keeping everyone informed and giving regular progress updates will work wonders for bringing everyone together.
People work really well when they believe they are a part of something bigger. Giving them a sense of importance and a clear understanding of what you want to achieve also gives them a bit more agency and responsibility. Furthermore, offering a platform for feedback and constructive criticism will really help you to refine your ideas and open the floor to more creative solutions.
Setting a goal is just like working out how to get from A to B. You need to have a good idea of the destination, you need to figure out the best route to get there and you should definitely bring your team along so that they can keep up. Set the right goals and you will be able to see your progress clearly and decide on the next destination.