The start of the new year is the perfect time for business owners to make actionable plans for growth.
Whilst setting goals for your business is crucial for guiding your efforts and measuring progress, it’s not always as easy to maintain accountability.
Here are some steps to help you set effective, actionable and achievable goals.
- Define or Redefine your Mission and Vision: Begin by clarifying your business’s mission and vision. This will help you understand your long-term objectives and the purpose behind your goals.
- Record and Categorise Your Goals: Begin with a number in mind. As it is 2025, you could jot down 25 goals, although, this number could be anything you want it to be… remember to keep it realistic. Break down your goals into categories such as financial, marketing, operational, and sales goals. This helps ensure you cover all aspects of your business. If you have 5 categories, you could have 5 goals for each.
- Use the SMART Method: Make sure your goals are Specific, Measurable, Achievable, Relevant, and Time-based. This method helps create clear and attainable goals.
- Prioritise Goals: Determine which goals are most important. This ensures accountability and focus.
- Track Progress and Adjust: Regularly review your progress towards your goals and make adjustments as required. This helps you stay on track and adapt to any changes in your business environment as they occur. Perhaps a monthly accountability meeting with yourself can be one of your goals to keep you on track!
If you would like to spend some time with a local Business Advisor to work on your goal setting/ planning techniques, please send an email to [email protected] to connect with an Advisor.
