What guides you to where you are now to where you want to be is a goal. With goal setting, you have a destination or a clarity of where you want to go. I remembered the quote or the conversation in the Alice wonderland movie or story book between Cheshire cat and Alice:
“Which road do I take?” asked Alice
“Where do you want to go?” responded Cheshire cat
“I don’t know,” replied Alice
“Then, it doesn’t matter,” concluded Cheshire cat
From the conversation above, if you just run the business and do activities without a purpose, you are going nowhere. So, you need a business goal. If you are solo entrepreneurs, your business goal may include your personal one as well. You have to be successful in life and in business as part of your goal setting. Here are the reasons why goal setting is important for solo entrepreneurs:
Most goals are measured by SMART (specific, measurable, attainable, relevant and timely) hence it has numbers or monetary values and due time. Yes, SMART goal setting is necessary such as financial goal. You want to know if you achieve your financial goal by measuring in term of monetary values.
There is also a goal that you can’t measure, such as a lifestyle, personal or family goal. There is sometimes a connectivity between a lifestyle and financial goal. How will your life change if you achieve your financial goal? What will you do for your family when you meet your goal?
It is easy to set up six months, one year or two year goal. To create a long-term goal for five years and ten years, you really need to have a vision, a mission and a big dream. It is easy for kids to come out with a big dream. Most adults become perplexed when they’re asked for their goal or dream in five or ten years in the future.