January 15, 2018

- by

Leia Davis

Goal Setting for Your Business

Ready, Set, Goals!! Goal Setting for your business

When we talk about corporate culture, often what comes to mind are the values, beliefs and attitudes that characterize the company.  Companies tend to focus on employee value proposition when they’re trying to define their corporate culture ultimately neglecting the very thing that drives culture and success… Goals.

Goal Setting for Your Business

Your organization’s approach to goal setting is a huge part of your corporate culture – so much so because it can have a direct and immediate impact on the performance of your entire team.  

Big Hairy Audacious Goals (BHAG)

Your BHAG goals should help you create the big picture roadmap for your company.  What could you do in 10 years, if you started planning today? ​ 

Let your BHAGs be:

·         Long-term

·         Inspiring.  What’s the reason behind the goal.  Inspiring goals are meaningful and have real beneficial outcomes for everyone at the company.

·         Is it attainable?  Not easy, but achievable.

·         Fit with the company strategy, purpose and value.

·         It needs to be measurable.  It doesn’t have to be financial to be measurable.

·         It should create momentum

Work Backwards from The Big Goals

You have these huge goals in mind but mapping from A to Z can be difficult.  Instead, start at Z.  Work your way backwards and reverse engineer those goals.  This will help you break down the individual components of reaching the finish line so you can develop milestones. ​ With your milestones in place, you can clearly see how those milestones intersect with specific teams, departments or employees.  From there you’ll develop intermediate goals for those individuals, made of clear tasks that define how each employee starts and moves from beginning to end Hall of Fame baseball player Yogi Berra famously stated “If you don’t know where you’re going, you’ll wind up someplace else.”

By the time you’re done you’ll have a roadmap of projects intersecting between your departments, weaving its way through milestones in 2016.  You won’t have to worry about landing anywhere else but where you intend.

Get the Downloads

To give you a head start with goal planning, download our Goal Setting Cheat Sheet with tips and examples to get you started brainstorming, and our Goal Setting Worksheet to help you create your road map through the milestones all the way to achieving your big, hairy, audacious goals. ​

Involve Everyone

When you’re setting goals for your company, involve your entire time.  Your employees are smart and creative, they may see new and different ways that they can contribute to the completion of the companies goals.  And, if they are a part of the process, they are more likely to be invested in the successful outcome.

Everyone benefits when your whole teams sees themselves as an integral part of the overarching goals within that road map.  However, there are still ways to go off the map if you don’t manage your goals and leave room for adjustment.

·         Help your employees manage day to day tasks, as well as big picture milestones so they don’t get caught focusing too heavily on one or the other.

·         When progress grinds to a halt, don’t assume it’s the individual.  The milestones and short-term goals – and how they are structured – could be to blame.  Reevaluate your milestones as the team progresses to ensure that everything is going according to plan.  Sometimes a plan looks good on paper but turns out to be bunk.

Don’t fall into set and forget, stay committed to achieving your goals.

·         Track them closely.

·         Ask for status updates from team members.

·         Celebrate the milestones, even the small ones to keep you inspired you towards completing your goals.

Commit and Track

Don’t fall into set and forget, stay committed to achieving your goals.

·         Track them closely.

·         Ask for status updates from team members.

·         Celebrate the milestones, even the small ones if you need a win to keep you and your team inspired you towards completing your goals.

I hope this is a year of big dreams and big successes for you and your organization.  To give you a head start with goal planning, download our Goal Setting Cheat Sheet with tips and examples to get you started brainstorming, and our Goal Setting Worksheet to help you create your road map through the milestones all the way to achieving your big, hairy, audacious goals.

Tell us your goal setting tips and systems in the comments.

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January 15, 2018