Chapter 3 Strategic Management: S.M.A.R.T. Goal Setting

SMART goals steps

(Business owners take the time to write their goals but struggle to achieve them.) ✓Next action to take with your SMART goals is to write down the steps and tasks to complete them, ✓Identifying the "who, what, when, where, and why" for completing the goal.

SMART goals (Questions)

1. Specific - what do you want to do? 2. Measurable - how will you know when u made it? 3. Achievable - is it in your power to accomplish it? 4. Realistic - can you realistically achieve it? 5. TImely - when exactly do you want to accomplish it?

NOT S.M.A.R.T. goal examples

Examples of goals that do not follow the SMART format: ✓I will get some new clients. ✓I will increase my sales this year. ✓I'm going to write a marketing plan. ✓I'm going to pay off my credit cards and get out of debt.

What is smart goal setting?

Proper goal setting starts with knowing what you want to accomplish. Try to write your goals using the following format: Use S.M.A.R.T. goals to determine efficiency, effectiveness, and aid in planning.

S.M.A.R.T. Goals (examples)

✓Examples of SMART Goals: ✓I will move my business from my home into office space in less than four months from today. ✓I will design two new training programs for clients take starting in January. ✓I will hire a web designer and have our new website operational by the end of next month. ✓This month I will research the benefits of leasing a copier versus buying a copier in time for when the current lease is up in 52 days.

What is Program Time Management-S.M.A.R.T. Goals

✓Specific—state the goal precisely. ✓Measurable—good measures allow you know when a goal is completed. ✓Attainable—resources needed to complete the goal are within your reach. ✓Relevant—the goal is applicable to your business. ✓Time Bound—the goal has a completion date or timeframe for being achieved.