All successful businesses have company goals. These are business goals set to provide clear direction to management and employees and to help a business grow. It takes a lot of hard work and commitment to reach your company goals but they should be an important part of your business plan. Here’s how you can set and achieve goals for your business:-
1. Make sure they are specific and achievable
Keep it simple and achievable. Don’t have too many company goals and make sure you are being realistic in your expectations. Your goals should be SMART:-
• Specific – detailed and descriptive so your workforce understand them
• Measurable – such as a % increase in sales or number of new clients
• Action-oriented – make it clear who is doing what and set out responsibilities
• Realistic – you need to have the right resources so you can achieve them
• Time specific – set a deadline to keep things on track
2. Have a structured plan
You need a plan on how you are going to achieve your goals. This needs to be a document that can be shared amongst your partners and colleagues so everybody knows what is expected of them. Setting achievable business goals simply means that you believe you can see the goal through and do whatever it takes to get there.
You should clearly communicate the plan and your expectations to all staff. You need to explain the benefit of these goals and how your staff can help you achieve them. You need to guide them and support them so that they can deliver to your expectations. Make sure the communication is regular so that they are not forgotten about – they should be part of your regular team meetings.
4. Invest in your staff
The most successful of businesses have a driven and engaged team who work together to reach their goals. You could mentor staff and offer support so that your employees can learn from each other. Consider helping your employees to develop their skills by offering additional training to help your business achieve its goals.
5. Review and monitor
Create a system which allow you to effectively track your results on a regular basis. This will ensure you are on the right track and progress is being made towards achieving your goals. It might be that you are not getting the results you thought you would, so you can easily adjust or update your plans accordingly.
Remember to stay organised and focused. Don’t wait until the end of a project to realise a goal hasn’t been achieved. Make improvements, if they are needed, on a regular basis. Recognise and reward staff for their efforts. This will ensure they are motivated and engaged. It’s also crucial to motivate employees so they’re looking in the same direction you are – then everyone feels like they have some ownership in the goal.
If you want to discuss any of these items in more detail get in touch with our team today! We are a Specialist Leeds Recruitment Business with a wealth of sector and industry knowledge within the professional services, industrial, engineering and built environment sectors in the Yorkshire area.