🔺8 important points on goal setting in business

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Here are eight important points to consider when setting goals in business:

1. **Specificity**: Goals should be clear and well-defined, leaving no room for ambiguity. For example, instead of saying “increase sales,” a specific goal would be “increase monthly sales by 15%.”

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Read also: 10 fundamentals for a successful business

2. **Measurable**: Goals should have measurable criteria, allowing progress to be tracked and evaluated. This helps in assessing whether the goal has been achieved or not.

3. **Achievable**: Goals should be realistic and attainable within the given resources and constraints. Setting overly ambitious goals can lead to frustration and demotivation.

4. **Relevant**: Goals should align with the overall vision and mission of the business. They should contribute meaningfully to the growth and success of the organization.

5. **Time-bound**: Goals should have a deadline or timeframe within which they are to be accomplished. This adds urgency and helps in prioritizing tasks.

6. **Flexible**: While goals should be specific and time-bound, they should also allow for some degree of flexibility. External factors or unforeseen circumstances may require adjustments to the original plan.

7. **Shared Vision**: It’s crucial that goals are communicated effectively across the organization. This ensures that everyone is working towards the same objectives and understands their role in achieving them.

Read also: 10 fundamentals for a successful career

8. **Feedback and Review**: Regularly review progress towards goals and provide feedback. This helps in identifying any issues or challenges early on and making necessary adjustments to stay on track.

By incorporating these points into your goal-setting process, you can increase the likelihood of achieving success and driving growth in your business.

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