how to set better business goals

When I talk to my ideal clients about the challenges they face, the subject of business goals rarely comes up. Instead I hear things like:

"I feel like I'm just muddling along"

"My marketing feels a bit scatter-gun"

"I don't feel like I'm spending my time productively"

"I feel like I don't really have focus in my business"

Sound familiar? The thing is, there's a common thread. There's one big problem that so many business owners have, but don't realise - and which led me to write this post.

I believe that the key - the missing element, is setting clear business goals.  It's so simple but how many of us do it? Instead, we get caught up in the clamour for content.  Just get something out there - anything, and then wait for the masses to come.  

Except that doesn't work - and why should it? 

In this post, I want to introduce you to SMART business goals.  Many of you will know of them already, but it's worth a refresher if it will help you focus, plan and start to move forward!

Introduction to SMART business goals

I hesitated when I first thought about writing this post.  SMART goals are so widely used in the corporate world that I felt I would be teaching people to suck eggs.  It's such a simple concept, would it really be worth writing a post about it?

I decided that it would.  This model is known and used throughout the world for a reason.  It's effective.  Used properly, it's incredibly effective!  And the fact is, there are many, many small business owners out there who are struggling to find focus and this simple method will make a difference.

So please, even if you know what SMART goals are already, if you're one of those people who aren't sure where to start when it comes to your marketing, then read on and remind yourself.  It might just give you the spark of inspiration you need to push forward and get clarity.

With me?  Grab a pen and paper and get ready for some soul searching.  I want you to think about what you want for your business over the next 6 months to a year and then to really consider how your marketing can help you to achieve those goals.  

Setting Specific Goals

What are your expectations for your marketing? What are you trying to achieve?  

More blog traffic

How much traffic? How long do you want them to browse? What action do you want them to take?

More subscribers?

How many more? What email open rate do you expect?

More clients?

What type of clients? Who do you most want to attract?

See what I'm getting at?  BE SPECIFIC about what you want to achieve - this will give you the focus you need when it comes to planning how to achieve it.

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Setting Measurable Goals

If you can't measure it then how will you know if you've achieved it?

Statements to avoid are things like 'more clients' or 'better engagement'.  Instead think more along the lines of '5 new clients' or '10% engagement rate on my Facebook page'.

Setting goals is key - but only if you actually measure your results.  Otherwise why bother?

Setting Achievable Goals

Stretch yourself with your goals - you want a big target to aim for. In fact, I truly believe that if you're not slightly scared by your goals, they're probably not big enough.

BUT, be realistic.  Nothing is more discouraging than realising that you'll never, ever reach your goals and there's nothing you can do about it. 

If you're just starting out then setting a goal of 50k subscribers in your first month is probably pushing it and will just make you feel disheartened when you only get 100 (which is actually brilliant btw!)

Setting Relevant Goals

Everything you do in your business should be aligned.  When you wrote your business plan, you probably wrote some kind of mission statement.  If you're a wedding photographer for example, then this might have been something along the lines of capturing those once in a lifetime moments for couples in a way that will help them to always remember their special day.

So when it comes to marketing goals, you might set yourself a target to arrange an introductory meeting with 20 couples in the next 6 months.  You know that your target audience tends to hang out on Pinterest as they search for inspiration for their big day so you might set yourself a target to increase your Pinterest following by 300. 

These are all relevant goals.  Setting a goal to increase your Twitter following probably isn't... 

Question everything you do - if you're just doing something because other people are or because you feel you should be doing it, then dig deeper.  How is this going to get you to where you want to be? If you can't answer that then it probably isn't a relevant goal... 

Setting Timed Goals

Last, but not least, you need to give yourself a bit of urgency!  This is one of the most effective marketing tools in the box and it should apply to your own planning too.

Setting yourself a goal of 500 sales means nothing if you haven't given yourself some kind of time limit.  500 sales in 6 months is going to have a much bigger impact on your business than 500 sales in 6 years...

Always give yourself time frames.  This might feel difficult at first when you have no frame of reference but the more you monitor and track your progress, the better you'll get at setting realistic timescales for your business.

This FREE 7 Day Mini-Course is for Mums with service based businesses, looking to give their biz a kickstart. You'll learn:

  • How to sense check your business idea and purpose
  • Who your true ideal clients are
  • How to write a simple business plan
  • How to set up your first website and social media accounts
  • How to grow your email list
  • How to create a strong brand
  • How to beat 'Imposter Syndrome'

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Business goals
About the Author

Colette Broomhead

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