Ditch Your New Year's Resolution!

Profit First Coach

How good are you at setting resolutions? More importantly, do you actually stick to them?

When I was teaching, something we were required to do was set goals for our students (and help them set goals for themselves).

It'd be easy to say, "My goal is for you to become a better reader" or, "My goal for you is to stop blowing your nose into your sleeve." (In case you didn't know, I taught elementary school).

While these sound nice, they don't give us anything tangible to strive for.

And they likely sound similar to the resolutions you've set for yourself in the past:

This year I want to lose weight.

In 2021, I'm going to smile more and be less negative.

This year we're going to increase our profit.

So what did we do in education? We wrote SMART goals.

Profit First Coach

SMART goals is an acronym to help you write you goals in a way that sets you up for success. It goes like this:

Specific- Make it clear and specific. Think of the 5 W's (who, what, where, when, why).

Measurable- Make your goal trackable. How much? How many? How will you know it's accomplished?

Achievable- You want your goal to be attainable. How realistic is it based on other factors?

Relevant- Is this something that's important to you? Is it the right time? Is it worth-while?

Time-bound- This one is important. Give yourself a deadline. When will you complete this? What are the milestones along the way?

So instead of "I want to lose weight," a SMART goal would look like "I want to lose 10lbs by June 30th, 2021."

How can you incorporate SMART goals into your finances or your business?

Most business owners struggle with managing their money, resulting in smaller paychecks for themselves. At Craig Dacy Financial Coaching, we help make managing your money simple. That way you can easily run a business that pays you more. Schedule your free coaching session now.

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