Thursday, January 17, 2008

A Guide to Goal Setting

Ray Silverstein
Do you make resolutions at the beginning of every year? Resolutions can be powerful tools. In fact, they can help you take your business to the next level. The catch is, once you make a resolution, you have to work to make it come true.
If you want action, you need an action plan. Goal setting is the best way I know to transform lofty resolutions into bottom-line results. Research shows that when
entrepreneurs set measurable goals for themselves, they're more like to achieve them.
When you engage in true goal setting, you define your objectives in pragmatic, measurable terms. You also need to identify the resources, time and funds you'll need to invest to attain them. That's how you develop action plans. Once you know where you want to go, the next step is to figure out how you'll get there and how much you're willing to spend on the trip.
Use the SMART SystemWhen it comes to goal setting. Each goal must be defined so that it meets the following criteria: S: Specific, M: Measurable, A: Achievable, R: Realistic, T: Timely

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