Setting goals for yourself and your business is sometimes easier said than done. Productivity coach, Chelsea Pottenger, shares some handy tips to set effective goals – and achieve them!

A new financial year is a great time to pause, review and evaluate your goals. Asking yourself and your team if you are on the right track? If your daily activities match your goals? Whether you even set up the right goals to start with?

A mistake we can all fall into is setting up big goals, only to discover we aren’t following through to achieve them. You can stop that happening by using a framework that will help you set your goals and achieve them.

So, what is a goal?

A goal is simply a future desired outcome. Your goal could be to ‘increase yearly revenue by 25 per cent’ or ‘to create a more connected culture’.

Whatever your goal is, it’s important to consider how you want to feel, the specific action of the goal and how you will achieve it.

Clearly articulated goals help trigger new behaviours, which prompt new habits, allowing you to work more efficiently and effectively towards achieving your goals.

Three steps to successful goal setting

Step 1: Start with your values

Your values are your ‘why’. They are the things you believe are important. They determine your priorities and help measure whether you are fulfilled. Your values will help guide why you are making the goals you are, and ensure they are aligned with the purpose of the business.

Write down three values and then process why they are important.

Step 2: Determine how you want to feel

This part may not seem that important, but cognitive therapy tells us that when we can harness the emotion, we would feel by achieving our goals, we will better understand our ‘why’ and intrinsic motivation, prompting us to put more energy into achieving them.

Ask yourself:

  • Do you want to feel successful?
  • Do you want to feel abundant?
  • Do you want to feel energetic?

Before writing down your goals, clearly identify how you want to feel and return to this feeling when finding your intrinsic motivation.

Step 3: Set S.M.A.R.T Goals

S.M.A.R.T goal setting is a widely proven formula for success. The acronym ‘S.M.A.R.T’ stands for Specific, Measurable, Attainable, Relevant and Timebound.

Writing goals in this format prompt you to be crystal clear about the desired outcome and how you will achieve it. For example, if your goal is to support employee wellbeing, we would break down the goal like this:

  • Specific: Introduce a twice-a-week wellbeing program for my employees.
  • Measurable: I will survey my employees on what types of fitness and mindfulness they would like to be included in the wellness program.
  • Attainable: I will outsource a fitness trainer and meditation/mindfulness coach. I will spend two hours per week working with them to curate sessions for the program.
  • Relevant: Supporting my employees’ wellbeing will increase their happiness, productivity and performance at work.
  • Timebound: I will start working on the program tomorrow and have it up and running in six weeks’ time.

Now you have set your goals; you need to achieve them.

3 strategies to help you stick to your goals 

  1. Treats and rewards for the brain

Reward yourself along the way. Celebrate each milestone that gets you closer to your goal.

  1. Pre commitment and accountability

Consider getting an accountability partner. This could be a spouse, friend, colleague – someone to celebrate the wins along the way and offer a fresh perspective.

  1. Intrinsic motivation

Check on your ‘why’ and what motivates you. When our behaviours match our values, it means our goals are aligned with our purpose and we feel a stronger drive to achieve them.

Reach out to the Focus Wealth team so we can help you set your goals here.

Source: Flying Solo August 2022

This article by CHELSEA POTTENGER is reproduced with the permission of Flying Solo – Australia’s micro business community. Find out more and join over 100K others https://www.flyingsolo.com.au/join.

Important:
This provides general information and hasn’t taken your circumstances into account. It’s important to consider your particular circumstances before deciding what’s right for you. Any information provided by the author detailed above is separate and external to our business and our Licensee. Neither our business, nor our Licensee take any responsibility for any action or any service provided by the author. Any links have been provided with permission for information purposes only and will take you to external websites, which are not connected to our company in any way. Note: Our company does not endorse and is not responsible for the accuracy of the contents/information contained within the linked site(s) ac www.flyingsolo.com.au