Most businesses have an overall goal in which they would like to have their businesses achieve, but also have smaller aims and objectives that is needed to complete a short time period, for example paying the suppliers on a specific day or hit a certain about of sales in a time frame. Main focus when setting a business goal is to make sure it is a logical and achievable goal, a key factor in setting and implementing a business goal is to also have the business reflect that same goal and everyone within the business is working towards the same goal. All the goals that are set need to follow the SMART goal template and what SMART stands for is specific, measurable, achievable, relevant and time-bound.
It’s said that good things come to those who wait (with the obvious exception of those who wait for SMART buses), and there is some truth to that. Of course you should be doing things that take you closer to your goal instead of living in your parents’ basement until you’re 30 and supporting yourself by selling curios on eBay. If you begin with the end in mind, that is to say, if you start by visualizing where you want to end up in life, the things you need to get there are pretty easy to plot out.
Plan for success.
Don’t worry that your dreams aren’t realistic or that you might not achieve them — after all, you have friends and relatives to shoot holes in your dreams. Instead, ask not, “What if I fail?” but rather, “What if I succeed?” Worry about failure is pointless and destructive; the surest way to be a failure is to spend time worrying about it. Your goals won’t just accomplish themselves; you will have to have a plan, and you’ll have to work that plan.
Manage your risks.
You will never achieve goals you didn’t set, but then again there are precious few guarantees in this life. It’s said that the only sure things in life are death and taxes; well, I’m here to tell you the only sure thing in life is death, because there are plenty of people who don’t pay their taxes, and while most of the things you will do on your journey to success will carry some measure of risk, that’s okay. Just be sure that you consider that risk and weigh it against the reward.
so in conclusion when setting a SMART goal for the business, make sure your goal can meet the SMART requirements, and also that the employees and the company itself is working towards that goal as that would increase productivity and allow you to achieve your goal.