5 Goal Setting Tips for the New Year

New Year’s is right around the corner, and we’re all getting ready to make our resolutions list. Here are Elm’s top 5 goal setting tips for the New Year!

1. Have Tangible Goals

We all have big dreams and goals on whatever it is we want to accomplish. But it’s important to have some sort of plan. Use the SMART (Specific, Measurable, Achievable, Realistic, Time) or FAST (Frequently discussed, Ambitious, Specific, Transparent) methods if they help.

This plan doesn’t have to be detailed, nor does it have to be complete. But there should be a starting point in mind, as well as an achievable outcome. For example, your first step might be finding investment. How much do you want to start with? Where will you get it from? Figure out your resources, and have a tangible plan ready to go before beginning your journey!

2. Build a Network

Networking connections are beneficial to have when starting a business. You can join a group on professional media sites and attend networking events hosted in your area.

Both are excellent ways to not only develop a relationship with other business owners and investors, but to also promote your business. Don’t be afraid to take advantage of those connections! They’re worth more than you think!

3. Reevaluate Your Goals Periodically

Goals will change as you navigate through your start-up journey. It is important to revisit them every once in a while and update them based on what’s actually happening.

Priorities will also change. What you thought would be important before starting out, might have to take a backseat to another task. Doors you might not have considered will open along the way. Take the time to refocus your goals to accommodate these new opportunities.

4. Take Time to Decompress

No matter how ambitious and driven you are, it is simply unrealistic to dedicate every moment of every day to launching your business. In fact, you’re more likely to run yourself into a rut if you don’t take breaks and let yourself recharge. Recharging, as well as how often one needs to recharging, varies for different people.

Some need a break once a week, while others once a day. Some like to take walks or watch a movie, while others like to nap or spend time with friends and family. Regardless of how and when you recharge, be sure to do so! Your ideas will flow much better afterwards, which only gets you closer to your goals!

5. Remember That Goals are Guidelines

Exactly that. Goals are only guidelines. Some you’ll achieve, some you won’t reach on time, some you won’t complete at all. If something doesn’t happen the way you expected, take a step back and consider if this new direction, this new opportunity is beneficial. If yes, take it!

Be sure to also reevaluate how you measure success and failure with your goals. Is your scale appropriate for what you’re working towards? It is not healthy to constantly get bogged down by mismeasured failures. The important thing is to not get too wrapped up in goals you set before you even started.

Did we miss anything? Tag us on Instagram @Elm.America or Facebook @Elm.America and tell us your goals for the New Year!
By Tulasi Nidamarthy

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