The festive season is fast approaching, meaning that many companies are starting to plan for 2017. From a business point of view, success comes from constantly striving to improve, grow and become more profitable. We show you how to use SMART goals for your business by illustrating the 5 parameters which they are based around:
S- Specific
Be specific when setting goals as it will allow your team to focus their efforts on achieving them. In turn, this will increase productivity.
M- Measurable
After specifying what you want to achieve, ensure that it is measurable. By doing so, you will be able to determine your progress. Reassess your goal mid-year to allow you to drive your ambition forward or adjust it. By making adjustments you will decrease the likelihood of abandoning your goal completely.
A- Attainable
Throughout this process, it is important to ensure that your goal is attainable. If goals are unrealistic, it can have a negative impact on your team’s confidence and morale. Think about what skills your team already have, how you can develop them and how these can assist you in growing and achieving your business goals.
SEE ALSO: 10 Quick Admin Tips for Small Business
R- Relevant
Your goals should be relevant to your business in order to help it succeed. Uncontrollable influences should be taken into account here – for example, your market could experience reduced economic power which could have an impact on your business goals, yet this would be through no controllable circumstances of your own.
T- Time-bound
By setting a time frame on your goal, you are effectively giving yourself the parameters to do it in. This will give you the motivation to do it, decreasing the probability of surrender.
Why not plan to achieve even more by engaging with outsourced services? SmartPA secretarial, PA and administrative support allows you to increase productivity whilst reducing overhead costs. Help us achieve your goals by contacting us today.
