2016-12-21 00:00:00 How to be Successful English Find out how SMART goals can help you grow your small business. You can use SMART goals to manage small projects or set long-range goals... https://quickbooks.intuit.com/ca/resources/ca_qrc/uploads/2017/03/Man-Setting-Financial-Goals-Business.jpg https://quickbooks.intuit.com/ca/resources/success/small-business-terms-what-is-a-smart-goal/ Small Business Terms: What Is a Smart Goal?

Small Business Terms: What Is a Smart Goal?

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A SMART goal is one that is Specific, Measurable, Attainable, Realistic, and Timely.

  • Specific means that the goal is clearly defined,
  • Measurable means that a clear picture of the outcome exists,
  • Attainable means that the goal is reachable,
  • Realistic means that the goal falls within the scope of what you and your team can accomplish.
  • Timely means you have set aside enough time to achieve the goal.

Note that some companies define the “A” in SMART goals as “agreed upon.”

As a small business owner, you can use SMART goals to manage short and long-term projects, and to ensure your company stays focused on its mission. You can also encourage your employees to create professional SMART goals and use their goals as a guide when conducting performance reviews.

Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

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