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[W487]What Is Goal Setting

by Koz Huseyin, Koz

When you awake in the morning to go to work in time, this is goal setting. The process of setting your alarm to get up, washing your clothes the night before, and preparing for work are all part of goal setting.

In the dictionary the term goal means the end of the race or the object of effort. These points are important. Another word we have is set. To set means to put or place in specified position or condition; cause to sit; fix, point, put up; make ready; become firm or fixed, establish; prescribe, allot; arrange while wet, so that it dries in position.

That last point is an important one. If we consider sand and cement, we add water, and it sets, it becomes concrete. This is the essence of what is goal setting. You have an objective, and with the right ingredients, you make a product, your goal.

A goal can be thought of as an end step. What do you want exactly? Answering this question gives you the understanding of what the goal you want to set is. Another term we can call this other than the end step is the outcome. So if you think of a concert. Now the travel is not the end goal, but being in the concert, listening to the band is the end step, the outcome. Literally, you walked steps, and the end step was the concert.

Understanding what is goal setting is pretty much easy. You have a goal. But, what about the setting part of things? To really understand what is goal setting, we must look at the set part.

For many people goals are a part of life. Though there is a big distinction. For example someone wanting to get to work in time, may be doing a form of goal setting, but this type of goal is not what we are thinking about when we say what is goal setting.

So, what is goal setting exactly? There is a big difference, and that difference is either doing it consciously or unconsciously. When you consciously goal set, you are setting goals that you have decided upon. You say you want this, that or other.

This is important as it means you are choosing the direction. Only a small portion of the population does this. Current conscious goal setting is done by only 4-7% of people. And the success rate is approximately 50%. For example out of 100 people 4-7 of them will set a goal, to achieve something, to be something, to get something. Out of that 4-7 people only 2-3 will achieve.

It may seem slim chances. But consider that you have a 50% of a chance of achieving some goal you set, compared to the 96-93% who never set goals. It is the only thing that will give you the greatest leverage to move forward and that is to be consciously deciding on what you want.

The figures don't stop there however. Only 1% of those 100 people will achieve a financial goal, such as becoming a multimillionaire, and truly prosperous. You may say why goal set. The answer is in what is goal setting. Setting goals is the only way to increase your chances of living the life of your dreams.

If you are a home based business owner probably the largest obstacle you must overcome is finding motivation. You work at home and need to get online to work on your website, marketing, research, etc. But there are many other things going on that vie for your time. What do you do to ensure you are devoting adequate time to your home based business?

My main tool for motivation in my home based business is goal setting. This takes some planning, but if you spend a little time you can develop challenging, yet attainable goals. Why set goals? Goal setting allows you to determine where you want to go with your business. Setting targets gives you a basis for creating a defined plan and to identify those activities that are non-value added.

Goal setting is an activity used by successful business people, top level athletes, students and high achievers in all walks of life. Setting a goal and then reaching that goal gives a great sense of satisfaction and accomplishment.

There are several types of goals. You first establish your long term goals. These could be set for three to five years out. Profitability, net annual income, increase in business volume, ROI, size of customer base could all be used for long term goals.

Next is the creation of medium term goals related to the long term goals. These would be in the one to three year range. This is followed by short term goals that you want to achieve in the next several months. Finally, you develop an action plan that will lead to meeting the short, medium and long term goals.

The lifeblood of an online home based business is visitors to your website. So one of the goals should relate to how many visitors you are getting. Granted, there are ways to generate thousands of hits, so the goal must reflect "targeted" visitors. If you are new to online marketing you can set a smaller target. Set goals for one month, three months and one year. When you have met your 1 month target reevaluate the longer term goals and adjust them if necessary. Just be sure to validate or revise your action plan to keep moving toward the next target.

If you are not meeting your goals review the steps you are taking. Look for new and creative ways to market your home based business web page. Don't limit yourself to online marketing. Business cards, newspaper ads, flyers, etc. are all great options.

If your home based business offers a product the goal could be obtaining a certain number of orders per week or per day. It could be sales or unit volumes. If you are an affiliate marketer your goal could be recruiting a certain number of affiliates per day or increase in your downline.

Once you have generated an adequate quantity of data, i.e., unique visitors per day and units of product sold, you can determine how much you sell per unique visitor. A new goal could be to increase the sales per visitor.

Make sure your goals have a time aspect, such as 500 visitors daily by the end of the next three months.

Setting achievable goals and then attaining them is a great motivator for a home based business owner. Once you get in the habit of setting and reaching goals your enthusiasm for your home based business will grow and your success will be assured.

Article Source : Department Of Tourism Development

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Both Koz Huseyin & Timothy Spaulding are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Koz Huseyin has sinced written about articles on various topics from Multi Level Marketing, Gadgets and Start Online Business. From goal setting to goal achievement, Kozan Huseyin has helped many people find there own success story. Learn the true success secrets to setting goals and seeing those goals materialise in reality!. Koz Huseyin's top article generates over 1000000 views. to your Favourites.

Timothy Spaulding has sinced written about articles on various topics from Arthritis Signs, Web Development and Home Internet Business. . Timothy Spaulding's top article generates over 1300 views. to your Favourites.