You have now created your own unique Life Vision Statement and Mission Statement. Further you have also identified the most critical success factors to achieve your Mission Statement. Now setting personal goals is on your agenda.
Setting personal goals can be as easy or difficult as you want it to be:
What is a good personal goal? How to effectively set and monitor personal goals?
Create a personal inventory of strengths and weakness. Your strengths may be large group of personal friends, strong academic background, number of years of experience as a barrister, banker or plumber, good at landscaping or interior decorating etc.
Your weaknesses may be being overweight, troubled marriage, rebellious teenage kids, too much alcohol, smoking, hate your boss and dead end job etc
Don’t stop listing out all your strengths and weaknesses until you have all of them covered so take adequate time to list everything down – ask input from other close to you as you might not be the best judge of your own skill set.
Once you have a detailed list of strengths and weaknesses you will have a very good idea of what you need to work on to make significant improvement to your life.
You will realize that some goals overlap family and social goals but don’t worry about it for the moment. We will resolve this later.
Using the SMART principles is a good way to formulate goals – i.e. Specific, measurable, achievable, relevant and time-bound.
Time is your most important resource so prepare a weekly timetable of how you plan to spend your time and don’t waste too much time in front of the TV and other non-value adding activities. Once you prepare a weekly time table
List your goals on a spreadsheet and then sort them in order of priority – most important one first. For each goal budget a reasonable amount of time for you to achieve given goal. Then over a period of weeks or months review your performance and change the priority of goals if you feel that goals have switched in importance. You may also give weight to each goal if you believe that this is a better method of scoring the importance of a goal.
Over time you will develop the skill of managing time available to you as you prioritize work according to importance – this should free up more time that you should use to strategize.
Some important factors that should be covered in your personal goals are:
- What are the key elements (critical success factors) to achieving vision and mission statement?
- Do you need to learn a new skill or get a degree or certification to achieve a goal?
- Do you have adequate time to achieve all your personal goals?
- Will you need a substantial investment in cash in order to achieve a particular goal?
- What are the connections between personal goals and family and social goals (if any)?
- Will you need significant assistance of a family member to achieve one or more goals?
Keeping track of your progress over time and conducting annual strengths and weakness reviews is important to achieve goals and to maintain effectiveness further conditions may change over time and staying ahead of change is important part of this system.
Setting personal goals is an important initial step in the system.