Get All Access for $5/mo

7 Easy Goal-Setting Tips for Entrepreneurs We design complex goals which can cause us to become more overwhelmed and frustrated. In the end, we just give up on them but this is the remedy for the problem

By Vikash Kumar

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

graphicstock

When you set your business goals, are they realistic ones? Are you thinking to set benchmarks that you can actually reach without any drastic measures? The thing is, each entrepreneur should not only set goals but go for some good ones.

While dreaming to double revenues and rapid expansion looks great on paper, they're quite unrealistic. Instead of setting far-fetched objectives, try to set more reasonable goals around what you'd like to achieve in your business.

So, where do we begin? Let's talk about decision-making first.

#1 Simplify your Goals

Its human nature to make things more complicated then they tend to be. We design complex goals with hundreds of steps which can cause us to become more overwhelmed and frustrated. In the end, we just give up on them.

Instead, create more simplistic goals as these small steps can eventually create real change in your life. Do not rush by making a goal to start a company or getting promoted to an executive-level position straight away. Rather than this, identify your skills and areas of improvement to start with. These can help you get your way to larger and more complex goals.

#2 Opt for a Systems Approach

A systems approach divides your goals according to different areas of your life. This is beyond your average goal settings because it aligns an area where you want to get something done with the value that can be realized when it is accomplished. With the aid of the skills system, to achieve the items within this category, you are required to work accordingly to the demand of the roles and responsibilities.

#3 Read Read and Read

We all are aware of how successful people are fond of reading books from Bill Gates to Steve Jobs. These entrepreneurs stand out among the crowd in terms of braininess, success, attractive personalities and endless energy. They possess these qualities in no extra part but all thanks to reading - a practice that helps to keep your mind alive, alert and hungry by opening new ideas to your brain and inspiration to heart.

#4 Learn to take Care of people

Successful entrepreneurs have spotted out fundamental human needs that ain't getting fulfilled as entrepreneurship is all about pricing services. You should ask yourself whether you're enriching the lives of those who matter you the most by adding your existence. If it's a NO, then there are chances you're not prepared to do the same thing for your clients. Begin by your family members and friends that you care about as this thing provides a built-in source of stamina and encouragement.

#5 Always be Adjustable to Situations

It is better to stay open to new insights and opportunities that are becoming apparent as you work through your plans. But it is fine to utilize new information which helps you adapt to learn better ways of getting towards your designated goal. This approach helps you to get flexible with your plan by reducing anxiety.

#6 SMART goals

One should always have SMART (Specific, Measurable, Achievable, Realistic, and Time-based) goals to set a concrete plan of action by laying out defined goals within a specific time frame. By implementing SMART goals, you are open to better chances of turning your blue-sky ideas into realities. Professionals across a large spread of business sectors are using this SMART system successfully in achieving their goals.

#7 Get to act together

Create or upgrade your online presence by building a website which makes it easier for customers to interact with your products and services. Target benchmarks for identifying your success version, increase the in-house or virtual staff, diversify company offerings and decide which type of positions can help your organization to take it on the next level according to the budget.

Whatever you feel you want to improve on, set a few specific goals for the short and long terms that will turn your aspirations into reality. Keep Learning!

Vikash Kumar

Manager, Tatvasoft

Vikash Kumar is Manager at Tatvasoft, a Software development and Enterprise level Mobile & Web application Development Company. Apart from his profession, he also has a passion of blogging in which he shares his expert advice on Enterprise Solutions and AI, AR.

Side Hustle

'Hustling Every Day': These Friends Started a Side Hustle With $2,500 Each — It 'Snowballed' to Over $500,000 and Became a Multimillion-Dollar Brand

Paris Emily Nicholson and Saskia Teje Jenkins had a 2020 brainstorm session that led to a lucrative business.

Leadership

How to Master the Art of Delegation — Lessons From Andrew Carnegie's Legacy

Here's what Andrew Carnegie can teach today's entrepreneurs about leadership, teamwork and effective delegation.

Business News

'I'm Not Trying to Land on Mars': Mark Cuban Takes Dig at Elon Musk to Explain Why His Online Pharmacy Isn't Trying to Make More Money

Mark Cuban Cost Plus Drug Co. is an online pharmacy co-founded by Cuban and radiologist Alex Oshmyansky.

News and Trends

Digital Fear: How Stock Trading Scams, Investment Frauds, Digital Arrest and Threats From Foreign Lands are Crippling

Since 2021, CFCFRMS has recorded a staggering 30.05 lakh complaints, resulting in losses of INR 27,914 crore

News and Trends

Talent, Digital Infra, Policy, and Startups Driving India's GCC Ecosystem

By leveraging its demographic dividend and evolving policies, India is uniquely positioned to become the preferred choice for global enterprises seeking scalability, resilience, and a future-ready operational base.

Leadership

I've Spent 37 Years in Business — Here's How I Beat the Odds and Stayed Ahead

For over thirty years, I have led a successful media production and communication consulting company. Only 25% of new businesses survive for 15 years or more, so I have beat the odds. But having staying power is not a matter of luck.