The Business Advisory Blog

The Business Advisory Blog

Insight, news and updates from Alliott NZ Chartered Accountants, Auckland New Zealand. The views expressed here are the views of the author and should be discussed in further detail should an article be relevant to your individual circumstances.

While every effort has been made to provide valuable, useful information in this publication, this firm and any related suppliers or associated companies accept no responsibility or any form of liability from reliance upon or use of its contents. Any suggestions should be considered carefully within your own particular circumstances, as they are intended as general information only.

Greg Millar
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5 Ways to Get the Most from Goal-Setting (and Goal Achievement)

Most leaders acknowledge the value of setting goals and measuring their progress. 

But many of those same leaders complain of not setting the ‘right’ goals OR say they have trouble achieving the goals. 

Here are 5 methods to help you make goal setting (and goal achievement) a more productive exercise.

See yourself in the future

What will things look like in the future (say, after 1 year) when you have completely achieved your ambitious goals? What’s the status? How do you feel? 

It’s OK to dream… and imagine the practical AND emotional outcomes of hitting these goals. Get into detail because the more vivid your dreams, the more likely you are to get inspired and motivated. 

Then write it all down. That brings clarity and precision to your thoughts. 

Establish milestones

Everyone is different… but consider:

  • Giant, transformational goals. Maybe these will take ten years and put you in a fundamentally different place
  • Foundational goals. These are the building blocks for the giant goals and may take 2 to 4 years to accomplish
  • Tactical goals. These are the priorities which may take one year and enable you to achieve the foundational goals
  • Tasks. These are critical action steps which move you closer to longer-term goals. They may take 30 to 90 days

Milestones help the giant, transformational goals feel more achievable and clarify what you need to do next. And when things get tough - and they will - you’ll be able to persevere, knowing you are on track. 

Clean up your environment

It’s tough to succeed when held back by limiting beliefs or highly unproductive relationships.

Remove obstacles which keep you from getting where you want to be. This may mean ending negative relationships, changing behaviour on social media, setting aside time to accomplish specific tasks without distraction or eliminating activities which get in the way of your task list.

Recognise that your environment has a big impact on outcomes.

Shift your mindset

A mindset which is inconsistent with your goals inhibits progress. For example, if your goal is to “be an innovator in your industry” but you fundamentally believe you “lack creativity”, something needs to change. Otherwise, there is no realistic shot at achieving your goals. 

Make a list of identities you want to embrace and ask others to affirm these identities. Self-persuasion is incredibly powerful. We become who we identify as.

Engage with accountability partners

Even the most astute leaders need to be held accountable. Coaches, mentors, mastermind groups, friends and family members help keep you on track and change course, if necessary. External validation also accelerates results. 

What are your goals for the coming year? And how are you giving yourself the best chance of achieving them?

Need help goal setting in your business? Contact our team of Chartered Accountants and Business Advisors in Auckland on 09 520 9200.

Topics: accountability business advice business owners Goal setting Innovation productivity success