How do you set and achieve your business goals?
Today’s blog is by Margaret Stewart, Executive Assistant at SafeSourcing.
Today, businesses often set goals, not only for the company as a whole, but also for specific departments, teams, and individuals. The goals a business sets may be for different reasons, be it financial, team building, or development. Failing to meet certain goals can have negative consequences for a company, where meeting and exceeding goals can have an incredibly beneficial and rewarding outcome. So, how should a company set up and achieve its goals?
Figuring out the direction the business needs to head is the first step toward setting goals. Determine what areas of your business need the most work or improvement. You could set a sales goal for a month, set a goal for hours worked on a task, or set progress goals on a project. The goals set should be challenging, yet attainable. It’s okay if your team works a bit harder, but when a goal is virtually out of reach, efforts drop substantially and frustrations go up.
Next the level of goal you expect needs to be calculated. When first implementing goals, try setting one that is between current performance levels and the ideal level. Then, if goals are consistently met, then goals can rise as well. Setting goals too high or too low can hinder motivation in your business.
Finally, reward those in your business who meet goals. Often, the final reward is motivation enough for employees to put in the extra time and effort. Just as goals can be big or small, rewards can too. Some common rewards are bonuses, extra time off, prizes, or outings.
For more information on how SafeSourcing can help you with your business goals, or are interested in our Risk Free trial program, please contact a SafeSourcing Customer Service representative. We have an entire team ready to assist you today.