Goal Setting – One of the Most Important Business Planning Skills
Clear, precise thinking – the ability to clearly identify the essential, core components of your goal – is the first prerequisite when applying the Principle of Simplification. It is for this reason that the Focal Point Advanced Coaching and Mentoring Program concentrates so heavily on gaining clarity with respect to both personal and business goals. Fuzzy, unclear goals lead to convoluted, inefficient plans. Time spent in gaining clarity before diving into the planning process is like depositing money in the bank. It can save hundreds and even thousands of hours and dollars down the road.
You will remember from an earlier session that a properly stated goal has five characteristics, summarised in the acronym SMART.
(a) Is your goal Specific? Have you stated it in its simplest and most precise terms?
(b) Is your goal Measurable? Is it stated in clear, quantifiable terms, enabling you to benchmark your progress?
(c) Is your goal Aligned with your values?
(d) Is your goal Realistic? Do you believe you can – and will – achieve it?
(e) Is your goal Time bounded? Do you have a deadline for its achievement?