Setting business goals in place before the New Year starts means you’ll be ready to roll as soon as it hits. Here are a few tips to help.
Where are you now? Think about what you did well over the last year, and what you didn’t do so well. Decide what you want to do more of, and what you don’t.
Where do you want to go? This will depend on your mission, vision, business plan, current issues and other stuff you’ll learn by doing a SWOT. Do one now!
What do you need to do to make it happen? Decide your plan of action for each goal by completing the following: “In order to achieve abc, we need to do xyz.”
How are you going to achieve it? Think about your marketing, operations and resources: how will each of these help bring your goals to life?
Now, prepare timelines with deadlines for each goal. Set milestones for each action to be completed to help you stay on track and measure your progress.
Each goal should reflect the SMART formula: they should be Specific, Measurable, Achievable, Relevant and Time-specific.