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Get ‘SMART’ About Goals

April 2, 2014
By: Kevin Spafford, Farm Journal Columnist
Legacy 20Pioneer 20DuPont 20Attribution 202012
  
 
 

Goals are only dreams until you act

For most families, their goals for succession will fall into the following three broad areas:

1. Maintaining and transitioning a viable operation.

2. Preparing the next generation for leadership roles.

3. Enhancing the family’s long-term financial security.


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Bonus Content

Legacy worksheet and business plans


Goals should be written "SMART"—meaning specific, measurable, actionable, relevant and time-bound.

Specific: Most people who suffer bouts of indecision and frustration are handicapped by a lack of vision. If you know exactly what you want, decisions are easy.

Measurable: The objective is either met or not. If not, how close did you come? Will more effort get you there? How much harder should you try?

Actionable: Nothing happens until someone takes action. A person can wish, hope and want all day long, but the only way to accomplish a goal is to take action.

Relevant: The decisions you make and the actions you take determine your success in reaching a goal.

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FEATURED IN: Dairy Today - April 2014
RELATED TOPICS: Farm Business, Legacy Project

 
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