Goal Setting for Businesses: How to Set Goals for the New Year

Goal Setting for Businesses_ How to Set Goals for the New Year-315

For many people, setting goals is as much of a part of the holiday season as family gatherings and giving thanks. The same is true of businesses, who have an eye on the future while putting the finishing touches on 2017.

While holiday goal-setting often is associated with resolutions, it can run deeper than a desire to lose weight or start a fitness program – especially when it comes to running a business. For one, resolutions may fade quickly, while business goals should involve a detailed plan that’s actionable and trackable.

The following are suggestions for ways to set next year’s goals now for your business or enterprise.

1. Start by eliminating the “shoulds”

Instead of feeling sorry for things you haven’t done this year, focus on what you want to accomplish in the coming year instead. Goals fueled by guilt are less likely to be successful. They’re also more likely to trigger emotional reactions that prompt you to make decisions you normally wouldn’t.

2. Dream it

A great place to begin goal-setting is to consider everything you dream of accomplishing. It doesn’t even have to be overly-realistic, but it is essential to consider every possibility. Write down where you want to be in the future – one year from now, five years, ten years, etc. – and don’t exclude any idea, big or small.

3. Brainstorm

Once you’ve written down your dreams, it’s time for a brainstorming session to further flesh out your plans while also accessing others that may lurk in your sub-conscious.

4. Opt for guidelines

Setting hard and fast rules when setting action steps for your goals is sometimes counter-productive because business owners and individuals often abandon goals when they break the rules early in the process. Instead, set guidelines or policies that may be adjusted if you modify your goal.

5. Focus on today while planning ahead

Break down your goals into smaller chunks so that they don’t seem too overwhelming. You don’t want to lose sight of the big picture. However, taking each goal a step at a time enables you to build momentum and confidence.

6. Possible goals for your business

Here are some goals you can set for your business in the New Year:

Improving your social media and digital presence

If your website is outdated or your web presence isn’t mobile-friendly, or if you don’t have a content strategy, now’s the time to get started.

• Managing and improving your cash flow more effectively

This is a great goal if you’re a small business owner who experiences dramatic ebbs and flows in your cash flow, or who hasn’t created enough capital to invest back into the business.

• Become a better communicator

A lack of communication is often the reason for misunderstandings among employees, low employee morale, or time wasted in repeating the same message.

• Learn to delegate more

Shifting some of your workload and letting others pick up the slack is crucial if you have so much on your plate that you can’t focus on growing your business.

The bottom line is that now is the best time to set goals for the coming year. By following a plan that’s actionable and includes all of your dreams – big or small – you’ll have a better chance of helping your business become what you’ve always envisioned.