Are you a business owner striving for success? Are you looking to start the new year off strong and reach your goals in 2023? Setting smart, achievable goals is essential for any kind of success. But what qualifies as a “smart goal,” and how do you create one that will take your business to the next level? In this blog post, Mark R Graham discusses just that – how to set SMART goals and lay out an actionable plan so that you can win big this year!
Mark R Graham On How To Set Smart Goals (And Win Big This Year)
If you’re like most people, setting goals is something that you probably do every year, says Mark R Graham. And if you’re like most people, you probably won’t achieve all of those goals. In fact, according to a study by the University of Scranton, only 8% of people achieve their New Year’s resolutions.
So what separates the 8% who are successful from the 92% who aren’t? The answer is simple: they set SMART goals.
SMART is an acronym that stands for Specific, Measurable, Achievable, Relevant, and Time-Based. Let’s break down each component so you can see how they apply to goal setting.
Specific: Goals should be clear and specific, leaving no room for misinterpretation or ambiguity. For example, if your goal is to “lose weight,” it’s too vague and unspecific. However, a more specific version of that goal would be “lose 10 pounds in 6 months.” This makes the goal much clearer and easier to measure progress along the way.
Measurable: Setting goals that are measurable allows you to track your progress and stay motivated to reach your objective. Using our previous example, we can establish metrics such as the number of workouts per week or the number of calories consumed each day in order to measure our progress towards the 10-pound weight loss objective.
Achievable: It’s important to create goals that are realistic and achievable. Setting a goal that is too difficult or unachievable can be discouraging, so it’s important to make sure your goal is within reach. If you’re training for a marathon and you’ve never run before, then completing the race in 3 hours might not be a realistic expectation. A more achievable goal could be completing the race in 6 months instead of 3 hours.
Relevant: Your goal should be relevant to your life or purpose. Goals should also align with broader objectives and values; this will help keep you focused on what matters most to you and increase motivation levels when progress seems slow or difficult. For example, if your long-term goal is to be financially free, then setting a short-term goal of investing in stocks and bonds each month could help you reach that larger objective.
Time-Based: According to Mark R Graham, goals should have a timeline attached to them so that you know when they need to be achieved. This helps add an element of urgency and keeps you accountable for reaching the objectives within the established time frame. For example, if your goal is to pay off all credit card debt within one year, you can break it down into monthly targets in order to stay on track and meet the overall goal by its due date.
Mark R Graham’s Concluding Thoughts
By following the SMART model, says Mark R Graham, you can increase your chances of success significantly. In fact, according to a survey conducted by Harvard University, 87% of people who set SMART goals achieved them. In addition, the same survey found that 78% of those who wrote down their goals were more likely to achieve them compared to just 23% of those who didn’t.