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June 3, 2008

Setting Goals: Long Term and Short Term Goals

Setting Short Term Goals

Your short term goals will relate to your long term goal.

Continuing with our illustration of working part time you may decide that you must first complete certain projects you have already committed to. You will also need to be more selective about what assignments you can handle or need to ask for an assistant so you can focus on the main business and get help with minor tasks.

You may set a date to stop working overtime. You may set a date to ask for contract work instead of salary. You should plan activities that are spent with family and no work interruptions. Whatever your goals they should be clear steps to achieving your long term goal: spending more time with family.

These short term goals will help you measure your progress towards your long term goal. They will shape how you plan your time and clarify the VALUE of your time. Make your goals specific and give them a date to be completed.

6 Steps to Creating Achievable Goals:

Prioritize: You may have several goals. Prioritize them on your list.
Positive: Use positive language. “I will …”, “I’ll be…”, “I’ll have…”
Precise: Be precise. “I will have supper with my family three nights a week” rather than “I will be home earlier”
Performance: Measure your performance. Set time for starting and completing your goal. “May 1 – I will be home at 5:30 three nights this week”
Practical: Make your goals practical. Do you have the control to make this work or do you rely on other people to meet your goal?
Personal: Is this goal a personal goal or someone else’s desire for you?

Time management is easier when you can motivate yourself and judge the value of your time. If your goals are based on someone else’s desires (if your mate wants you to work in a steady job but you want to be self-employed) you will find it difficult to manage your time due to lack of motivation.

Creating an Action Plan

Your action plan will have a great deal to do with your day to day scheduling.

Now that you have made yourself conscious of where you are headed (long term goal) and have set up guide posts (short term goals) it will merely mean implementing an action plan to get your time on track.

Use your short term goals to implement your action plan. If you are not making radical changes but are just trying to take the stress out of your day you will find the time you took to think about your goals may be enough to keep your priorities in order.

If you find that you need to refocus on your goals you will need to give each short term goal a date to start or complete – write it down.

Within the time frame of the goal write down the actions that need to be taken to realize the goal. If you have discovered from the exercises above that you need to hire an assistant this may mean putting out an ad, reviewing resumes, conducting interviews, hiring and training. Each task must be assigned a time to complete.

The action plan combined with a focus on goals will help you appreciate the overall effects of valuing your time. In this example you will realize that even though you may need to use MORE time this month by interviewing and training an assistant – your GOAL to spend less time on minor tasks is being accomplished. At this point your time is valued comparative to your goal. In a month you will be spending less time with minor matters even if it requires more work at the early stage.

Resources

Part of your Action Plan should include a summary of the resources you need to meet your goals. An assistant is a resource, more education is a resource, and a supportive mate is a resource. List the resources you need to obtain and include them in your action plan – when will you get them and how will they be obtained?

Review and Update

While writing goals down is an effective tool for managing your time you will still need to review and update them occasionally.

Perhaps you encounter an unexpected obstacle on your way to meeting your long term goal. Reassess and determine if you can adapt your action plan. If you cannot adapt your plan you will need to consider why the plan went off course – did you have less power to control the situation than you thought? Were you unaware of some of the resources you would need and their cost or time obligations?

Use this new information to reconsider your goal. Is it still attainable or do you need to adjust it – either by lengthening the time or changing the outcome – and devising a new action plan?

 

 
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