Wednesday, December 26, 2007

Setting Business Goals

Complete Business Systems staff wish all of you a happy holiday season filled with friends and family! Our offices are officially closed through January 1st. We have to admit though, we're workaholics! We'll be posting to the blog and checking email and voicemail until we re-open on the 2nd of January.

Now that we are awaking from our turkey-and-gravy induced stupor, it’s time to get back into work mode. Like many business owners, we’re evaluating what we’ve done wrong, what we’ve done right, and what we plan to accomplish in the upcoming year. While every company is different, these tips will help anyone in keeping sight of their business goals.

Your goals should be S-M-A-R-T goals:

Specific – Instead of saying “I want to make more money this year”, set a dollar amount or percentage that you want to increase sales by. What do you want your company to accomplish this year? Why is it important to complete this goal? How are you going to achieve it?

Measurable – Each goal should be quantifiable. That means you'll have to start with a base line where you are now in order to set a target to move forward, thus enabling you to set benchmarks along the way to see if you are on track to your goal. When you measure your progress, you stay on track.

Attainable - Your goals should be realistic in order to be achieved. That doesn't mean they shouldn't be challenging, but they shouldn't be a slam dunk either. Making it to work dressed every day does not count as a challenging goal. Remember to be flexible with your goal, don’t make your goals so challenging that they’re impossible to achieve.

Relevant - Your goals should apply to the overall vision or mission of your business or organization. Each goal should move you towards your vision and not impede your mission or interfere with other goals.

imely - Your goals should be able to be completed within a reasonable amount of time. They should have a beginning and ending point by which to measure your success. Having a time limit on your goal helps focus your attention and efforts towards the achievement of the goal.

Remember, your goals should be S-M-A-R-T! Outline your goals ahead of time, whether yearly, monthly or weekly. Make sure to track your progress to see if you’re on target to meet them. Reward yourself and your employees for meeting the goals you set to stay motivated.

We hope these tips are helpful…here’s to a great year!

Michelle and Joanne

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