S.M.A.R.T. Goals Explained
But you can speed up the process by creating a road map for each goal you want to accomplish. One of the most common ways to teach the components of effective goal setting is using the acronym S.M.A.R.T.:
- Specific: Get really specific about what you want to accomplish. A vague "earn more money" isn't enough. How much? By when?
- Measurable: How will you measure this? By gross income? Net income? Volume of sales?
- Achievable: You may want to raise $1,000,000, but is that really achievable? All goals should stretch you. But SMART goals are designed to help you make achievable steps rather than miraculous leaps.
- Results oriented: Focus on results. Enough said.
- Timely: When is the goal to be accomplished? How regularly will you check in on the goal?
Variations on the SMART Acronym
Years ago, I came across this fun information from my friend Sara Hurd.
- S Specific | Simple | Single
- M Measurable | Meaningful
- A Achievable | Acceptable | Attainable | Actionable | Action-oriented | Adjustable | As-if-now | Agreed | Action plan | Achieved
- R Relevant | Realistic | Reachable | Rewarding | Results-oriented
Result-based | Reasonable
- T Time-dimensioned | Time frame | Tangible | Trackable | Time-boxed | Timely | Time-sensitive | Time-stamped | Time-bound | Time-based | Timed
Time-dated | Timetable | Time
Robert Rubin, Assistant Professor of Management at DePaul University, found the following additional variations in his research:
- S Specific with a stretch | Sensible | Significant
- M Motivating
- A Accountable | Agreed-upon | Assignable
- R Reviewable | Relative | Relevant to a mission
- T Timelines | Time-specific | Time-scaled | Time-constrained | Time-phased | Time-limited | Time-driven | Time-related | Time and toward what you want
Sara also found people advocating SMARTER goals:
E- Extending (the goal should stretch the performer’s capabilities) and R - Rewarding
OR E– Evaluate and R – Re-do
OR E – Evaluate and R– Review
OR E – Exclusive and R– Representative
Creating a Road Map for Completing Your Goals
In the "roadmap" worksheet I created for my MagnetGoals, I list a number of factors to consider in accomplishing a goal: create specific steps with dates, consider obstacles that might occur, list people and resources that will help you accomplish the steps and overcome the obstacles.
In my experience, the last field on the page is the most important, the field to list your coach or accountability partner. Having an executive coach or trusted accountability partner has been the most important factor in helping me accomplish my goals. Knowing they're going to ask me about specific steps to my goals is incredibly motivating, reminding me to take action!
How about you? How do you set goals effectively? Let us know in the comments!
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