Why people fail so often to achieve their objectives and end up doing nothing?
It’s often because they don’t know what SMART objectives are. SMART objectives are motivating because you can actually achieve them. And step after step you can make your dreams come true!
SMART is an acronym for
- Small and specific objectives. It means that you need to break your objective in small actions. For example, if you want to start a business, your objective for next month can be to enrol in a business management class.
- Measurable objectives – for example, your objective cannot be to just “save more” – it could be “save 1-month salary in 6 months”. Saving more is not measurable, you need to say how much. Otherwise, this is not motivating and you can never know if you achieved your objective or not.
- Achievable – it has to be possible to do it. Actually make it even easier than you think you can do it! Often we fail because we get discouraged.
- Resourced – list what you need to achieve your objective. Maybe you need to discuss with your family about money managing, maybe you need to make some research.
- Time-Bound – your objective needs to have a deadline – choose if you want to do daily, weekly, by the end of the month, 6 months, 2 years, 5 years.
Here is an example of a SMART plan. The dream of this person is to open a business and she sets SMART objectives for that to achieve in one month, 6 months, 2 years and 5 years.