Small Business in a Big World

September 4, 2008

SMART Goal Setting Technique

One thing I can always remember on my Business Essentials and Administrative Purposes (BEAP) subject is the importance of setting specific goals for your business. There is actually an acronym for us to remember it easily. The acronym will serve as a guideline on to how we should set our small business goals. The acronym I am referring to is SMART.

He stressed out in our class to ensure each of our goals follows the SMART concept. SMART means:

  • Specific
  • Motivational
  • Action-oriented
  • Relevant to your situation
  • Time-bounded

Knowing the actual meaning of the acronym SMART, do you think it does made sense in setting goals for our small business? Well for me, it is. What’s your view? Just share your views in the comments section. Thanks in advance!


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