Goal Setting & SMART Objectives

Personal Development is an important part of a fully rounded entrepreneur, and will help in achieving goals. Any discussions relating to personal development should go in here.

Goal Setting & SMART Objectives

Postby Summit on Mon Feb 11, 2008 3:52 pm

Goal Setting

I'm a great fan of goal-setting.

As Jim Rohn teaches: "Imagine a sailing ship out at sea. It has its sail up and the wind is blowing it along. It will go wherever the wind takes it.

"Now imagine that the ship has a captain and the sail is set. That ship will now go where the set of its sail takes it.

"Life is like that. If you don't have goals then you will drift through life like the first ship, going wherever life takes you.

"But if you set yourself goals then, like the second ship, you will be in control of where your life takes you."


But sometimes achieving those goals can seem daunting to us.

Eating An Elephant

"How do you eat an elephant?" is a question sometimes asked at management seminars.

It confuses many people but the answer is simple: "One bite at a time." :)

Setting Objectives

If, like eating the proverbial elephant, goals seem daunting and impossible then the answer is to break them down into smaller bites. Those smaller bites are called Objectives.

By way of an example, we want a Mastermind Group (I'll cover these in another post) to support aspiring property multi-millionaires, and we have chosen to create this internet forum to host it, and we want it to have at least 1,000 members to provide the broadest possible spectrum of knowledge. That's some goal!

But let’s break it down into smaller, more manageable, objectives:
1) Choose forum software and hosting;
2) Get web-programmer to install software;
3) Decide on forum/sub-forum structure and configure;
4) Invite members to join forum.

Looked at like that, it's not such a daunting task. But 1,000 members is still a huge number, that's a big goal. So we break it down and say that we want to bring on new members as follows:
  • 5 new members each week for the first 6 months;
  • 10 new members each week for the next 6 months;
  • 20 new members each week for the next 6 months.

Looked at like that, we should have achieved our goal of 1,000 members by the end of month 19. Now I feel I have set myself an objective that I can achieve.

Which brings me to the definition of:

SMART Objectives

This is an acronym. It stands for:
Specific
Measurable
Achievable
Realistic
Timely

...which, of course, is precisely what any objective should be.

If you look at what I have described above, you will see that is exactly what our objectives are with this Summit Forum. We sincerely hope that you will help us achieve them too, by becoming an active member of our forum.

Take Away

The thing to take away from here is that very little is unachievable, regardless of how daunting it may at first seem.

If you want to map your path through life (whether in terms of building a property portfolio, your personal relationships, education, or anything else) then what you need to do is break the overall goal down into a number of smaller objectives, and then focus on them.

Feel free to comment here and let me know what you think, and how this works for and helps you.

Wishing you success,
Summit

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Re: Goal Setting & SMART Objectives

Postby Summit on Mon Feb 11, 2008 10:20 pm

You can learn more about Jim Rohn's teachings by clicking here and if you use this link, anything you buy will cost you just the same as usual but we'll get a (very) small percentage back to help with the costs of running the forum.

We would appreciate your support.
Summit

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Re: Goal Setting & SMART Objectives

Postby stephendig on Sat Apr 19, 2008 3:41 am

Hi dear,

Goal setting is a powerful process for thinking about your ideal future, and for motivating yourself to turn this vision of the future into reality.

The process of setting goals helps you choose where you want to go in life. By knowing precisely what you want to achieve, you know where you have to concentrate your efforts. You'll also quickly spot the distractions that would otherwise lure you from your course.

I have found some site to your interest such as personal goal planning and How to set personal goals.
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Re: Goal Setting & SMART Objectives

Postby TraceyB on Mon Jun 21, 2010 6:12 pm

Great post on Goal Planning - I have been using a system called Goals On Target recently, its free and focuses on entering SMART goals and the tasks requried to achieve them. You can also build habits and even earm money online by recommending the system to others. Check it out for yourself here http://www.goalsontarget.com/6/MakeMoneywithGoals.mlm, after all its free.

All the best.

Tracey.
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