25 Oct SMART Goal Setting 101 for Home-Based Business Owners
I remember being so wide-eyed when I first started working from home full time. I really thought I could keep winging it in business while raising 3 kids and juggling multiple clients.
No plan. Just full speed ahead chasing one shiny object after another. 😂
Now, I make sure my clients and I don’t move forward with any business or project without planning first, executing next, and automating last.
I know exactly what I want and what’s next because I create S.M.A.R.T business goals and systems that can reach them.
What are S.M.A.R.T business goals?
A SMART business goal is a goal that is specific, measurable, attainable, realistic, and timely. If a goal is all of these things, it will be a reasonable goal that is possible to attain.
How to create S.M.A.R.T. goals for your home-based business
The very best way to create goals is to learn the SMART goal technique. The reason that setting SMART goals works so well is that it automatically creates actions that you put into your schedule that will provide the results you want.
To develop S.M.A.R.T. Goals, look to the meaning of the acronym.
Specific – The goal needs to be specific, small, simple, sensible, and significant too.
Ask yourself what you really want to accomplish with your business or your life. You may have relationship goals, exercise goals, diet goals, business goals, and lifestyle goals that you want to achieve.
Know precisely why it’s essential for you to achieve this goal. When you think about doing the steps to attain this goal, who will help you, which resources will you use, or do you have limits there? It may also help you to identify where the actions will take place.
Measurable – A good goal is also measurable, meaningful, and in and of itself motivating.
Without a metric to track, it’ll be impossible for you to know whether you have succeeded in reaching your goals or not. Therefore, always attach a number to the goal, such as how much, how many, and what metric identifies that you’ve accomplished the task or goal that you’re trying to reach.
For example, if you have a goal of adding 1,000 new subscribers each month to your email list that lets you know if you’ve made it or not. Likewise, if you have your own bookkeeping business, you might set a goal to have five new clients within a specific time period.
Achievable – In addition to being even achievable or attainable, it should be something agreeable to you.
When you set a goal, it does nothing for you or anyone else to set goals that are totally impossible even to do. For example, if you are a new startup, gaining 1 million organic followers in 1 month is highly unlikely. Don’t make it a goal when it’s impossible.
Instead, find ways to make goals that are possible so that you have a chance to achieve them. It’s okay if it’s challenging, and you fear you’ll fall short, but it’s not helpful to make a goal that can’t be achieved at all. Not only that, if it’s not even something you want to do, why even make it a goal? If you don’t like video, and never will, don’t make it a goal to launch a YouTube channel in the first place, find something else you like instead.
You need to know how you can accomplish the goal, and what the potential constraints are so that you can ensure you have the right tools, resources, and assistance as required to accomplish the goal.
Relevant – All goals, of course, need to have something to do with the ultimate thing you’re trying to accomplish, but they should also be reasonable, and results-based. Not to mention if you don’t have the resources to do it, you’ll need to ensure you do because otherwise, it’s not realistic.
If a goal you make is not worthwhile or it’s the wrong time, and it doesn’t match your other needs, it’s not relevant. If you’re not the right person or your company is not right, it’s not relevant. If you don’t have the funds to support this goal right now, it’s not relevant (or realistic), and that’s okay. Focus on something else.
For example, perhaps you want to upgrade to a more expensive membership or funnel software that costs a grand a month, but you’re not earning a grand a month yet. It’s okay to put that idea on the back burner and use something else for now.
Time-Bound – You have to set up each goal with a deadline for achieving it because if you don’t set a time limit or make sure the goal is timely, it might not even matter if you achieve it.
If you don’t set a time or goal target date, it’s going to be hard to accomplish in a timely manner. One reason is that Parkinson’s law says that “work expands to fit the time available for its completion” and that applies to this idea of setting time limits and due dates for yourself for the work you’re doing to reach your goals.
If you know when and then follow that up with tasks each day that ends up with that final due date or time you set, you’ll achieve a lot more.
For example, if you need to finish a 40,000-word eBook, you need to set a deadline so that you know how much work you want to devote each day toward completion. If the due date is 40 days from now, make a list of all the actions that need to be taken to have a finished eBook on that due date. Some items on the list might include outlining, researching, writing, editing, designing, and so forth. Enter each activity into your calendar so that it happens in time to move on to the next thing.
It’s the only way you can be sure you’ll get finished even close to the time because human nature will cause you to stretch out the time indefinitely. It’s hard to run a life or a business that way.
Setting SMART goals is the best technique for helping you plan your goals. But goals are just that… plans, and they mean nothing without implementation.
To actually reach your business goals, you need a productivity system that works.
Seamlessly Scheduled is my 2-hour masterclass to help you rewire, revamp, and reorganize your business for repeatable success! Featuring a plug-and-play productivity system to help you build a balanced personal and business productivity system based on your long-term goals.
Think SMART goals on steroids. Start watching here: https://www.tierrawilson.com/product/seamlessly-scheduled-masterclass >>