Beyond Insurance

The art of goal setting

Matching goals with timeframes is crucial

By Scott Addis

Your ability to create visions and set goals is essential to your personal and professional lives. Visions allow you to see yourself at some point in the future, while goals offer a road map to reach these visions. There is nothing more rewarding than having visions, setting goals to reach these visions and focusing in as the visions become reality.

Goal setting is a powerful process of becoming clear about your ideal future, designing an action plan to get you there, launching into action and persisting until you reach your destination. The key to goal setting is your ability to turn this vision into reality.

The Art of Goal Setting is understood and appreciated by top athletes, entertainers and successful people in all walks of life. A person who learns how to set goals lives each day with a sense of clarity, confidence, purpose and passion.

I was first introduced to the Art of Goal Setting in the early 1980s while maturing as an account manager at Johnson & Higgins in Philadelphia. Rather than seeing goal setting as a chore, I learned that the process was stimulating, energizing and rewarding. Goal setting made a lot of sense to me. Without goals, I would have no sense of direction.

The Art of Goal Setting continues to enable me to:

1. Decide what is important in my life.

2. Determine what I want to achieve.

3. Separate what is important from what is irrelevant.

4. Be motivated.

5. Facilitate my ability to benchmark progress.

6. Gain self-confidence as my goals become reality.

Think of goal setting as your navigation system. Goal setting allows you to identify what is important in your life and turn your thoughts and ideas into specific, actionable and measureable goals. Your goals will protect you from becoming distracted by other people’s agendas and expectations. In designing your goal setting navigation system and charting your own course, you will have control over your destination.

Research on goal setting and peak performance substantiates that most successful people are goal oriented. They have learned how to turn their vision into action. They have a knack of bringing the future into the present so they can take action now. Greg Norman, the legendary golfer, stated that “setting goals for your game is an art. The trick is setting them at the right level, neither too low nor too high. A good goal should be lofty enough to inspire hard work yet realistic enough to provide solid hope of attainment.”

A common acronym for setting goals is SMART. The S stands for Specific. M is for Measureable. A stands for Achievable. R is for Realistic. T stands for Time bound. Think of a goal as a dream with a timeline. Every goal needs a target date for completion.

If you do design SMART goals, do not lose sight of your “big picture” goals—your future vision. SMART goals can help prevent you from climbing the “ladder of success” step by step, only to find that it may be leaning on the wrong wall.

I would like to offer the following 5-step strategy for effective goal setting.

Step 1 - List your goals A to Z. The Art of Goal Setting begins with writing your personal and professional goals from A to Z. Don’t hold back. Write down whatever comes to your mind. Go nuts and take pride in the length and diversity of your list. This exercise will give you energy and motivation. It is also fun.

Some of your goals will be short term while other will be futuristic. Don’t worry about that. Just focus on writing down goals that are important to you. You may wish to ask yourself the following questions:

1. What is my purpose and mission in life?

2. How do I want to focus my time and energy?

3. What are my developmental needs at this point in my life?

4. What does my ideal lifestyle look like?

Your goals will cover a wide range of categories including family, career, education, financial, physical, spiritual, community service, etc. The A to Z exercise will allow you to establish a “Big Picture” of what is important to you and what you want to do with your life. Many of your A to Z goals will be “lifetime goals.”

Step 2 - Prioritizing your goals. After you have gone through the A to Z exercise, begin listing your goals on a scale of 1 to 10, with 10 being most significant to you at this point in time, and 1 meaning it is not a priority right now. Here are a few questions that should help you prioritize your goals:

1. Which goal(s) will give me the most energy?

2. Which goal(s) am I most committed to?

3. What goal(s) offers the most value to me?

4. What goals are fully within my control?

5. In five years, how important will this goal be to me?

The process of prioritizing your goals will allow you to break down your A to Z list into smaller targets. You should gain greater clarity through this exercise.

Step 3 - Setting your execution strategy and achievement timeframe. By prioritizing your goals, you have set the stage for an execution strategy through which you are able to define the following plans:

• Lifetime Plan

• Five-year Plan

• One-year Plan

• 90-day Plan

• Weekly Plan

Your Lifetime and Five-year Plans represent your vision of the future—essential points of your long-term destination. These “big picture” plans are vital. However, it will be your ability to execute the weekly, 90-day and one-year goals that will launch you to your ideal future.

Your one-year goals should be power packed, the kind that require you to stretch your capabilities, increase your resources and make meaningful improvements to your personal and business lives. Your One-year Plan should include meaningful, relevant, motivational and realistic steps to your long-term vision. The 90-day Plan supports the one-year goal—an essential means to benchmark your progress, reevaluate your priorities and make sure that you are focused on what matters most. It is difficult to reach your one-year goals without 90-day Plans.

As I look at my career, the Weekly Plan is an essential key to my success. I have made it a habit to come to work each week with a Plan to accomplish specific objectives that support my 90-day and One-year Plans as well as my “big picture” future vision.

Step 4 - Visualization. Mental imagery is essential to goal setting. Your ability to see yourself at the point of goal actualization is a key component to successful goal setting. Goal setting breaks down unless you have great clarity about your vision.

Step 5 - Goal actualization. When you achieve a goal, take time to enjoy the satisfaction of what you have accomplished. Celebrate the moment and absorb the implication of the goal as it relates to your future self. If your goal is a significant one, reward yourself appropriately.

On occasion, you will not accomplish a specific goal. You must not lose confidence or get frustrated. The failure to actualize a specific goal is not important as long as you learned a lesson from the process and gave it your best effort. Walter Cronkite once said, “I can’t imagine a person becoming a success who doesn’t give this game of life everything he’s got.”

The Art of Goal Setting may be one of your most important life skills. The process will ignite your passion for the future. Good luck and have fun!

The author
Scott Addis is the president and CEO of The Addis Group and Addis Intellectual Capital, LLC, which is a coaching and consulting company whose purpose is to transform the process that insurance agents, brokers and carriers use when working with their clients. To learn more about the Art of Goal Setting, contact Scott at saddis@beyondinsurance.com or (610) 945-1019, or www.beyondinsurance.com.