Goal setting for the next financial year

Running a business is largely an exercise in planning. A healthy company will have a comprehensive list of goals it wants to achieve in the short, mid and long-term. With these clear objectives in mind, goals can be constantly updated to keep them relevant and achievable with stretch goals for when they are reached way ahead of schedule. As a business owner, if you are off the pace when it comes to goal-setting, or if you’re an employee looking to improve your productivity at work, here are some expert tips to setting goals for the next financial year.

• Goals should be clear and uncomplicated.
• Set goals that establish both a short, mid and long-term strategy for your business.
• Ambitious but achievable goals.
• Goals must align with the overall vision of the business.

Employing the SMART method can help you evaluate your goals: 

Specific: Well defined, clear, and unambiguous. Can you explain your goal clearly to your staff? What would the specific actions be to move towards your goal?

Measurable: With specific criteria that measure your progress toward the accomplishment of the goal. Will you be able to track your progress?

Achievable: Attainable and not impossible to achieve. Is it a tangible goal?

Realistic: Within reach, realistic, and relevant to your life purpose. Have you taken into account all the obstacles you will face?

Timely: Have you set a timeline for your goal? With a clearly defined timeline, including a starting date and a target date. The purpose is to create urgency.

Milestones in your growth will help you track your progress toward your goals. These don’t necessarily need to be business goals such as improving customer retention or revenue, they can be as simple as increased well-being of staff or lowering the rate of staff turnover. And we have some tips on  this! 

The more your staff feel cared for, the happier they will be at work and if they see management taking steps towards achieving that, their productivity will also increase. Here are just a few ideas to improve your office for staff:

Ergonomic Office Furniture: The ultimate way to improve efficiency and comfort in the working environment, ergonomic furniture keeps bodies in an optimised position to reduce back, neck and hip pain. 

Greenery: Adding a splash of colour in the office can make great strides in improving office morale and making staff feel calmer and more comfortable in the office. 

Bookshelves: Bookshelves add a homely feel and can help create an environment that people want to be in. Stock one of our quality bookshelves with shared books for staff or publications that your company produces.

Keeping your office space functional, comfortable and ergonomic is only going to help your staff do their best work and be more productive. No matter what your other goals are, ensure the wellbeing of your team and in turn your company goals will be easier to achieve.