Business goals are something that are talked about a lot in the startup, entrepreneur, and small business community. Yet, setting New Year goals for your business is something many business owners skip when it’s actually time to start Q1.
While you’ve probably set some goals for your business from time to time, how have you really implemented goal setting into your long-term plan? Setting New Year goals for your business is about more than just wanting to earn more or grow your team. You need to have a way to define and quantify that success.
Because goal setting is very much an art form, read on. This guide explains how to set New Year goals for your business no matter your business size or experience level.
1. Understand SMART Goals
If you’ve taken a professional goal setting course, you’re likely familiar with the concept of SMART goals. This stands for:
- Specific: You know what you want to accomplish specifically.
- Measurable: There are clear milestones to track.
- Attainable: This is a realistic goal.
- Relevant: Your goal fits with your business model.
- Time-based: You have a specific time frame to achieve this goal.
When it comes to New Year goals for your business, you want to make sure all of the above are true. Not only should you consider the big-picture, but you should be realistic and relevant.
2. Start Immediately
When setting New Years goals for your business, you might be tempted to set end dates for weeks or months from now. This is the best way to forget about your goals at all.
Instead, start immediately. There’s no time like the present when it comes to achieving more. There is no “perfect” time to start. Begin by setting New Year goals you can start on immediately. This is the best way to build real momentum and stay true to the entrepreneur mindset.
3. Stay Flexible
Your goals should be concrete, but not so concrete that you start to lose faith if they don’t work out right away. It’s true that structure and consistency are important when it comes to New Years goals for your business. It’s also true that opportunities come from anywhere, and you might need to shift to make the most of timing.
Never miss out on something new because your current goals are in the way. Be open to changes that could result in even better achievements than you first imagined.
4. Be Aware of Today’s Trends
Your goals should also be timely and on track with today’s latest trends. For example, if you’re hoping to grow your presence online with your New Years’ goals for your business, consider the year’s upcoming social media trends.
By looking ahead and saying aware of the latest trends and changes, you can ride this growth forward. Your New Year goals for your business won’t get you very far if you’re living in the past with your strategy.
5. Celebrate Every Milestone
One of the best parts of setting New Year goals for your business is being able to celebrate milestones when they happen. When we set goals for our business, we sometimes get so focused on the end result that we fail to notice anything else. This is a quick way to feel burnt out and unmotivated.
Whether you’re trying to take your side hustle full time or grow your content, celebrate each and every milestone along the way. When you take the time to appreciate how far you’ve come, the path to success becomes a happier, sweeter place. You’ve worked hard to get here, so give yourself the pat on the back you deserve.
Take Your Business Further in the New Year
The New Year is an opportunity to start new and grow. Take this chance to write down concrete, actionable goals. Once you’ve decided on your SMART goals, publish them or share them with your team. This is the best way to hold yourself accountable.
Did you know there’s a direct correlation between goal setting and success? It’s true. According to Harvard Business, those who set goals are 10 times more successful than those who don’t. With numbers like that, the New Year should be all about identifying where you want to take your business.