Business 101: Setting Goals for the New Year

Published on Jan 5, 2010   //  Business Topics

Just as you may have new year’s resolutions in your personal life, now is a perfect time to set some objectives for the business side of your life as well. The critical difference is that you should transcend the idea of a resolution and make them into business goals.

A resolution can easily lack direction and plan. On the other hand, a proper goal can lead you to much higher levels of success. It is important that you devise S.M.A.R.T. goals. If the goals are not measurable and specific, they may well be little more than hopes and dreams.

This does not mean that you cannot aim for some rather lofty goals, but what it does mean is that you should be breaking these larger goals into smaller objectives that you can track along the way. You want to attract ten new clients in 2010? You may want to rework that goal to say that you want to attract one new client each month instead.

Have you set your business goals for the new year? Do you have a corresponding business plan with checkpoints along the way, ensuring that you are staying on track? Have you ensured that you have the right resources to aid you in your goals along the way? These are all important elements to consider.

3 Comments to “Business 101: Setting Goals for the New Year”

  • I’ve actually broken it down to exactly what I need to do in one day in order to achieve my goals. I find the bite sized chunks work best for me! I’ve got a serious couple of months ahead of me, and the only way to get through this is going to be through daily application.

  • Any business without a plan will not last long. A solid plan will help you maintain focus and reach your goals a lot sooner.

  • very nice information