Goal Setting Is All About Prioritization

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Goal Setting

People want to succeed in life. Success is often a result of planning. But what if the items you have on the plan are wrong? This could lead you to a place in your life you didn’t expect and not for the better.

Besides, it means that you have wasted your time. That’s why you need to focus on your priorities in life. These will be a better guide in helping you map out your journey and will influence the kinds of goals you will need to set to reach them.

Start by writing out everything that you feel is important in your life. The items can have degrees of importance and you can put a number scale on each one to indicate which are more important than the others.

After you have listed out your important items, use the number scale to rate the items. You can choose how you want the scale to be measured, but suppose it is 1 being the lowest priority to 5 being the highest. You can do this in a spreadsheet so that you can resort after you have done this for all the items.

Sort from highest to lowest. These are going to be the focal points of your goal setting. You can choose to try and include all the items on your list or you can decide to eliminate any that are below a certain number like all the items that have a priority of 1 or 2.

That is up to you. But you do want to make the list as manageable and as meaningful as possible. If they don’t really mean that much to you they won’t motivate you to achieve them or help you to keep going when you hit an obstacle.

For each of the highest priority items, the next step is to figure out what it will take to achieve them. List out high-level mini goals for each item. You can choose to prioritize these in much the same way, but at this stage of the process, it is not completely necessary.

The next step is to come up with more detailed tasks for the mini goals. You can go as far down as you want or you can stop at just one level. It all depends on the type of tasks you come up with.

If it’s enough to be defined as a work unit, i.e., a task that you can easily perform, then you probably have gone far enough down. If the item can be broken down into further sub-tasks, then that is the next step.

By using this list-prioritization process, you have a much better chance of containing tasks that are the right ones to meet the objectives of your goals.

Now when you have these goals, it’s time to come up with a plan. And it is really useful to come up with a yearly plan before anything else and we’ll have a look at this in more detail now…

Do You Need a Yearly Plan?

Goal Setting

Many people don’t believe they need a yearly plan. They believe they know enough about themselves or their businesses to bypass any planning process. Some people can get away with doing this. But, for most, having a plan and updating one on a yearly basis is essential to keep on track.

A yearly plan helps you to focus on what is important. There are too many events and things that happen during the year that we will simply forget about what needs to get done.

The plan lets you see what needs allocation of funding. You can see how your expenses are affecting your bottom line.

If you have employees working for you, a yearly plan can help manage them. You can find out what vacations they are planning, and you can ensure that they are scheduled for training that you may require of them.

You can’t account for everything that they may encounter over the course of the year. But, as long as you have the major events on your plan, you can make alternative plans.

When you implement your yearly plan, you solidify the necessary objectives to advance your organization. You and your employees can use it as a roadmap to make sure everyone is on the same page.

There are going to be changes, and as the year goes on, you may find some initiatives are no longer relevant. But, overall, a plan is a great tool to help your company.

Without a plan, people and companies tend to flounder. They spend more money than they should, and they start projects that they often don’t complete. They have no way of knowing whether those projects are even going to help the company at all.

It’s difficult to work as a cohesive unit when everyone is off doing whatever they feel like doing. Even if you have a manager who delegates the jobs, without a plan, the manager will also create projects as he or she goes.

A plan doesn’t have to be elaborate nor does it need to be exceptionally long. It can be as informational as listing out dates and tasks. Then, assign people to those tasks.

It is important to get everyone to participate, but once you get an agreement, they need to be held accountable. Business is difficult enough without having some kind of plan or map to guide you in the right direction.

Once you have your yearly plan, it is fine to break this down into smaller, more manageable chunks. In fact, this may be advisable as a yearly plan may seem too big to achieve. By breaking it down into monthly, weekly and even daily goals, you can keep on track and reward yourself along the way and before long you will have reached your yearly goal 🙂

Of course, using goal setting exercises and plans takes a lot of self-discipline which many of us lack, so if you want to learn about how to harness the power of self-discipline, please download the featured resource below, read it and take action 🙂

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