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5 Mistakes Business Owners Make When Setting Goals

By November 28, 2022November 28th, 2023No Comments

Hopefully, you’ve already started your strategic planning and goal setting for the coming year. Setting the right goals motivates you and your team and gives you objective ways to reach and measure success.

Avoiding these 5 goal-setting mistakes will keep you excited and focused on the right things.

1. Procrastinating. Don’t wait to set your goals. Create your year-end goals, then break them down into quarterly objectives.

Pro tip: Work in 12-week sprints for better energy and focus.

2. Not prioritizing. You can’t do it all. Trying to achieve too many goals will distract you from the most important ones.

Pro tip: Pick your three most important wins for the year and streamline your efforts.

3. Being too vague. Saying you want to “make more money” is too vague and is hard to measure. It could mean an extra $100 or $10,000 per month.

Pro tip: Be specific as possible so you can track your progress.

4. Setting goals that are too big. Sure, you should dream big. But, if you set a goal to make six figures when you haven’t reached the $50K mark, you most likely won’t achieve this goal. Joe Vitale says a good goal should “scare you a little and excite you a lot.”

Pro tip: Be realistic and create stepping-stone goals on the way to your bigger ones.

5. Not working on your goals daily. Don’t confuse busyness with accomplishment. What will success look like next year, and what steps do you need to take every day to make your goals a reality?

Pro tip: Be intentional and take specific daily actions towards your goals. Delegate admin tasks so you can focus on more strategic ones.

–Submitted by team and leadership coach Nicole Chamblin who inspires leaders to build empowered, productive and engaged teams without burnout.