Stop Failing : How To Set and Realize Your Business Goals

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Stop Failing: How to Set & Achieve Business Goals

 Set and Realize Your Business Goals Why most goal setting falls short and how to use the 5 part SMART goal system to drive your business ahead.



Hi, my name is Bernie Heine, and I want to talk about some of the tools of change, and how to make them work to accomplish the things we’re looking to do.

First, if we decide we want to go in a different direction, we’re going to change the way we’re running our business; the way we’re running our lives. This is why we need to not only have goals, but rather smart goals that really help us measure our progress and track it. The S.M.A.R.T. acronym can help us create measurable goals.

smart goals
Your goals need to be Specific, Measurable, Achievable, Realistic, and Timely.

S is for Specific

The first letter is S, for specific. Too often people will have a very vague goal – I want to lose weight; I want to grow my business – but how much? By when? Adding a hundred thousand dollars of revenue to the top line is an example of a specific goal.

Related:  7 Strategies to Double Your Profits

M is for Measurable

Your goal also needs to be something that’s measurable. In this case, if it’s money, it’s measurable.

A is for Achievable

smart business goals
If your goal is realistic and achievable, it is easier to stay focused and motivated. 

We also have to know that it’s achievable. Setting very unrealistic goals can be demotivating! So is it an achievable goal? Is $100,000 the right number? Is $10,000?

Related: Motivating Today’s Workers: The 3 Things That Really Matter

R is for Results-oriented

The next one is the R, for results-oriented. Is it something that’s going to give a result to my business? Certainly growing the revenue by a hundred thousand dollars would be a good result.

T is for Time Bound

The final one is the T, for time bound. Do I know when I’m going to achieve that goal? By the end of the first quarter? By the end of the second quarter? By the end of the year? What’s the timing? For example, “this year, I’m going to increase the revenue of the company by a hundred thousand dollars by the end of the year” would be a smart goal for my revenue.

Setting Long-Terms Goals

We need to set have short-term goals, but also long-term goals. Have I thought about what my overall objective is? Where do I want to be five years from now? What do I want to be doing in 10 years?

So this means separating the smart goals into longer-term goals, but also very short-term goals that are actionable right now.

Related: How to Establish Your Business Strategy

Affirmations

One of the other things that often holds people back is that we don’t believe in ourselves. We don’t believe we can do things.

A tool that we can use for this is called affirmations. Affirmations are listing out, let’s say, 20 things that you really love about yourself. You like that you’re smart, you like that you are well-educated, you like that you are able to speak to people, or you like that you’re able to do detailed calculations. What is it that you like about yourself?

smart business goals
Believe in yourself! Write down your qualities and skills and regularly remind yourself what an amazing person you are. 

Write those down, put together a list, and then review that list either on a daily basis, one item a day, or the whole list every day. But keep that list front and center, because that reminds you of how amazing you are as a person.

Visualizations

Another tool that we have is visualization, or thinking about what’s possible in the future. How often do you take the time to sit back and really think about your future?

Taking a little bit of time each day, and visualizing what’s going to happen next month, next year, 10 years from now, is not only inspirational, but it helps set the direction. It points you towards where you want to be going. You know when you’re on the right path; you’re seeing the signs that are bringing you in that direction.

Action Plans

We also need to have action plans. Once you have those smart goals and you’re visualizing where you want to go, what are you doing now?

Related: Developing Your Business Plan & Strategy

So often I see people that have hundred point lists and there are no priorities in there. What’s your priority list? Do you have a list – an action item list that helps you prioritize the most important things that need to get done today, this week, this month?

Focus on the Good and Your Goals

Now, once we have all these tools in hand, how do they work for us? Well, there’s a very interesting filter in our brain that helps us achieve these goals, and it’s called the RAS: the reticular activating system.

This filter is what keeps us sane, in a way. Our brains are receiving about a hundred million impulses constantly. Right now, you’re paying attention to this text, but you’re also listening to the video, or you’re hearing some other noise in the background. There’s all these things going on around us, but the filter in our brain, the RAS, is tuned in to the things we pay attention to.

For example, how many times have you been at a noisy cocktail party, and somebody way on the other side of the room calls out your name and you hear it? You hear that because your filter is turned on to hear specific things all the time. Or let’s say you buy a new car, and all of a sudden you notice everybody has that car. You see that car ten times a day, you never noticed it before. But now you that you own one, your brain is filtered to look for it.

When you set goals, when you write down your affirmations and pay attention to them, and when you have your action plans, you’re training your reticular activating system to pay attention to the things that matter to you most. And the more you focus on the good things in your life, the more they grow. A famous Harvard professor once said “When you appreciate the good, the good appreciates.” So appreciate all that’s good in your life. Focus on those good things, your brain will help you do it, and you’ll be the success that you really want to be.

How To Combat Self-Sabotage by Visualizing Business Success

About Bernhard Heine

Bernhard Heine is a business and executive coach at Professional Business Coaches, Inc. (PBC, Inc.), a company he founded to help business owners and leaders create and achieve their vision. Bernhard has more than 25 years of experience working collaboratively with business partners in all phases of business management, restructuring and transformation, particularly in: strategic planning, marketing and sales, organizational design, engineering consulting, project management, coaching and facilitation.
Bernhard holds a BS in marine engineering from the US Merchant Marine Academy in NY. He also holds an MBA from Harvard Business School and is a licensed business coach with Professional Business Coaches Alliance (PBCA), and an Authorized Client Builder Sales Trainer.
He was Executive Director for Strategy and Business Development at Textron Inc., strategy leader at Coca-Cola in Germany, and management consultant with the Boston Consulting Group. Early in his career, he worked globally as a marine engineer.
Bernhard has also achieved the “Master Coach” designation from the PBCA in Sales, Coaching, Leadership, Marketing, Personal Effectiveness, and Exit Planning.

“I help my clients become more self-aware of why their issues continue to occur and why their prior efforts have not led to success. Through regular sessions, holding them accountable for their actions, they make gradual improvements and over time achieve the success they are looking for.” – Bernhard Heine

Certifications: Professional Business Master Coach, Legal Practice Coach, Extended DISC Trainer, Everything DiSC Trainer, Client Builder Sales Trainer, Five Behaviors of a Cohesive Team Trainer.

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Watch sample videos

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When does the course start and finish?

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