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Adding Value as Finance Professional: Advice on Goal Setting

By Abraham Kulangara posted 12-10-2014 12:48 PM

  

With a new year about to start, it's time to start thinking about your goals and objectives for the following year. At the same time, it is a good time to take a look at the goals you set out to achieve in the year past and understand if you achieved the goals or not. If you didn't achieve a goal you set, understand why you did not and whether you need to add to your goals for the upcoming year.

 

I came up with a few quick ideas to help with setting and achieving goals. 

1) Make sure the goals you set are SMART as popularized by Peter Drucker's management by objective concept:

Specific

Measurable

Assignable

Realistic

Timebound

 

2) Write down your goals on paper or type them into a Word Document. Look at your goals on a periodic basis, maybe even daily if possible. Looking at your goals creates an urgency to achieve them.

 

3) When writing your goals on paper, write them in the present tense and make sure you include the time-frame you expect to be complete by. An example of a goal could be - My daily management reports are automated as of 12/31/2015.

  

4) Establish a periodic check-in process on your goals. This is important because it gives you a target date by which you intend to make progress on a specific goal.

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