If you are a business owner, or a decision maker at any level of a business, you understand the need to set attainable goals for the year. In fact, you probably already set your 2018 goals before the end of last year. A great way to make lasting headway toward meeting your yearly goals is to make quarterly goals. Here are some tips for making measurable and realistic quarterly goals:
Take A Good Look Back
A great place to start is in the recent past, the last quarter. Examine both the highs and the lows your business experienced, since both success and failure can be great teachers, as a way of figuring out what to keep doing or do differently in the next quarter. Great questions to ask are “What made this go so well (or go so poorly)?”, “What can we do differently to prevent this outcome (or maintain this success) in the future?”, “How can our experiences this past quarter push us toward our annual goals?”
Get Your Priorities Straight
Figure out what goals are most important to achieving your larger-scale mission. Make a list of everything you would like for your business to achieve in the coming quarter. Then, go through the list and mark each item as a first, second, or third priority. After that, assign each of these priorities to a specific person (or people) on your team.
Keep Everyone Accountable
Establishing accountability for yourself and your team members is crucial to meeting your quarterly (and larger scale) mission(s). Make a weekly breakdown of who is supposed to achieve what and how. Hold meetings to measure the progress and create a visual (like a chart or graph) illustrating how much of each objective has been completed. This way, you and your team can see the progress being made and identify trouble spots while there’s still time to make corrections.