Navigation

Performance: Business Goals Review

                     Performance: Business Goals Review

Cowboys live performance by Maggie Mongan of Brilliant Breakthroughs, Inc.

Cowboys live for performance!

Are your goals outdated, delusional, or relevant?
Do your goals aligned with what is required to succeed?
Are you Business Goals simplified?

Performance assessments are necessary in each aspect of a business. Is your business performing at the levels required to succeed? If not, perhaps your current goals aren’t in alignment with what needs to be measured to assure your business is moving in the right direction.

Performance Review: Do you have outdated, delusional, or relevant goals?

Most Business Goals, even when they were activated, are appropriate at a particular point and time. Review yours now. Are circumstances different now? Are your Business Goals, which dictate and guide performance, outdated? Sometimes, when circumstances change, we forget to change our goals that actually support success. Even though this is a common occurrence it doesn’t make it a best practice.

As you review your goals, do they address what is most important for you to achieve the bottom line you seek on December 31st? Are your Business Goals realistic? OR have your Business Goals become delusional? Delusional goals occur when we are in denial of reality. Your SWOT (Strength, Weakness, Opportunity, Threat) Analysis reveals situations which have altered your marketplace (external environment) and your business (internal environment). Are you working from an old game plan and still hoping for different results while experiencing new weaknesses and threats? This swiftly diminishes performance.

Often, I see a business’s goals still reflecting the old wishes of the Business Leaders. The Business Leaders haven’t taken the time to address new circumstances and adjust the goals accordingly. This often leads to Delusional Business Goals and mis-performance. It is always tied to inadequate performance. I ask, “Are you, as a Business Leader, setting up your team to perform optimally or are you inadvertently helping them fail?”

Clear Business Goals Improve Performance

Business Goals help guide the actions of employees through creating department goals to support the Business Goals. When department goals are determined, individual performance goals are developed to support the departmental and organizational goals. If the Business’s Goals are misaligned, so are most of the performance metrics. Unknowingly, many are performing as mavericks instead of working to fulfill the Business’s Goal! Simply stated, when Business Goals are relevant, performance occurs in a cohesive manner to support success as best as possible.

Simplified Business Goals Improves Performance

Business’s greatest asset is the human asset. People are what drives a business to help it achieve it’s goals. The performance of your human talent creates your greatest competitive advantage in your marketplace. Funny thing about people… they like things simplified. It is much easier to tell someone that “everything you do must support X” and have them accomplish it then  it is to give long and complicated equations of goals to fulfill. Even though we are complex creatures, the more something can be simplified (uncomplexified), the more likely we are to accomplish it. With simplistic Business Goals, your performance, and your teams performance can improve.

There is quite a bit of controversy regarding the effectiveness of SMART (Specific, Measurable, Attainable, Relevant, Time-Sensitive) Goals. I’d like to add perhaps the most important aspect of good goals;  good goals are understandable to all parties involved. Review your business’s goals. Are they simplistic enough that everyone, regardless of their position, can understand? If not, you might want to consider rewriting them as SMART Goals. NOTE: There is a particular technique to creating SMART Goals. Don’t worry if you are unfamiliar. Just make sure you address the components of the acronym to the best of your ability.

Several weeks ago we started this series for you to review your business’s performance. So far we have started looking very closely at how diversified your business is, or isn’t. We also reviewed what is your business’s vision. Then we looked at how your Business’s Mission Statement and Job Descriptions support your success. Last week we discussed how to create an effective job description for everyone, including yourself! Play with this. It’s important to do this, but it requires you to ponder some of this too! It is a practical goal to have this all in place by the beginning of Q4 and end the year with clarity. This will make setting Business Goals to optimize performance in 2015 a breeze!

Maggie’s curious: Have your Goals been outdated, delusional, or relevant? Sometimes mine are delusional – I simply forget I’m human 🙂 Please feel free to share in the comment section so we can learn from each other!

 THANKS FOR ALLOWING ME TO HELP YOU IMPROVE YOUR BUSINESS!

If you or your business needs rescuing on this particular topic
or any other Business Strategies we have been discussing,
please reach out to Maggie (262) 716.7750, Central Time, for YOUR No-cost Consultation

Blessings of Success to YOU ~
Maggie Mongan, Brilliant CEO & Founder
Brilliant Breakthroughs, Inc.

Direct Dial: 262-716-7750

LinkedIn: MaggieMongan

Tags: , , , , , , , , ,

Trackbacks/Pingbacks

  1. Performance: Your Own Review - Brilliant Breakthroughs, Inc. - August 13, 2014

    […] We also determined if your Business Goals were outdated, delusional, or relevant in Performance: Business Goals Review. […]

  2. Allocating Resources to Support Business Goals - - July 30, 2015

    […] is a game change for most businesses to meet or crush their goals. Are you meeting or crushing your goals? We’re beyond the half way point of the year’s production. Are you and your team […]

  3. 1 Tip for Effective Business Owner Self-Management - - August 10, 2015

    […] a familiar concept. It’s a concept I’ve been discussing with other great minds in the business and leadership performance field of practice. It appears there’s a great deal of chatter emerging regarding […]

  4. Sales Feed Your Business Everything it Needs - - August 24, 2015

    […] everything for their business EXCEPT work to attain sales. Then they get frustrated because their business isn’t delivering properly. Or point blank: they don’t have enough sales to keep their business profitable. Do you know […]

  5. Bathing YOUR Business Baby to Boost Sales - - August 31, 2015

    […] Many Business Owners aren’t managing what happens with their baby (business). This leads me to believe they may not understand how dependent their business is upon them – similar to a baby being dependent upon a parent. Tending to your baby (business) diligently will improve YOUR Business’s Performance. […]

  6. Networking is baby's play and business success - - September 11, 2015

    […] tips are everywhere. It’s a very effective way to assure YOUR Business is meeting its goals! The best information I have regarding networking is in this blog: Networking tips that make sense […]

  7. New Projects for 3rd-4th Quarter Business Success - - September 21, 2015

    […] team. Overall, new projects improve a business’s potential to become more profitable. Your Business’s Performance depends on fresh […]

  8. People buy from people, not businesses - - September 30, 2015

    […] doesn’t it? Yet it isn’t something most Business Owners think about to improve their business’s performance. This past Friday I heard Robert Grede, marketeer extraordinaire of The Grede Company, present […]

  9. Exhaustion of Business Owners is Dangerous Business - - October 7, 2015

    […] of Business Owners is a real. It negatively impacts YOUR Business’s performance. Unfortunately many Business Owners are falling asleep at the wheel. Is this you? It doesn’t […]

  10. Mission Impossible: Ghost Protocol Biz Movie Review - - October 15, 2015

    […] Mission Impossible’s Ghost Protocol delivers something for the guys and ladies. More importantly it reveals some very important clues to some of the main characters. These insights explain much of who these characters are and what drives them to excel. Let’s learn from them to improve YOUR Business’s Performance. […]

  11. 2016 New Milestones for YOUR Business - - January 11, 2016

    […] taking on YOUR Business’s New Goals. However, this year the focus is on the milestones to YOUR Business’s Performance Goals. Why? Success breeds […]

  12. Prioritize Activities Effectively to Meet Business Goals - - January 27, 2016

    […] Business’s Success depends upon you being able to prioritize the right activities to improve YOUR Business Performance. I think we all agree with these statements. But HOW do you effectively do […]

  13. Successful business ownership is absolutely possible this year - - March 14, 2016

    […] successful business has its Business Performance Indicator reveal it is profitable.  However, this isn’t always the case. Yet, it’s a […]

  14. How to Powerfully End 2016 First Quarter with Confidence - - March 21, 2016

    […] 2016 Business Success Path. The first quarter  is the first of 4 major milestones to acknowledge YOUR Business Performance. It’s time to really look into how you’re […]

  15. Favorably closing out the first half of the business year - Brilliant Breakthroughs, Inc. - June 27, 2016

    […] of the year. Remember your plan for a profitable and successful business year? Good! Reviewing YOUR Business’s Performance numbers is an important task for all Business Owners. Favorable or not, you may find yourself […]

  16. Learning from Subject Matter Experts improves your profit margin - Brilliant Breakthroughs, Inc. - July 11, 2016

    […] humans have an adversity to asking for help. Crazy isn’t it? We all need help! I assure you, YOUR Business Performance will improve when you begin learning from Subject Matter Experts instead of trying to figure it out […]

  17. Do you know why your customers love you? - Brilliant Breakthroughs, Inc. - July 13, 2016

    […] the importance of creating raving and praising customers. This makes sense and logically would improve YOUR Business’s Performance, wouldn’t it? Then everyone should be able to undeniably state why their customers love them. […]

  18. Overcome Your Procrastination and Win Today - Brilliant Breakthroughs, Inc. - September 28, 2016

    […] little bugger will mess with YOUR Business Success and tank your profit margin quicker than quick. Why? It keeps you from focusing on the things that […]

  19. 4th Quarter Action Plan as Business Success Secret - Brilliant Breakthroughs, Inc. - October 24, 2016

    […] There’s plenty of business happening in November and December. I admit that sometimes during the Holiday Season it’s fun to play hooky for a day, but making that a habit will not support YOUR Business Success. […]

  20. WALL-E Business Movie Review - Brilliant Breakthroughs, Inc. - November 23, 2016

    […] information to verify it’s still an accurate mission. What do you do when you realize your mission has gone bad? Do you still keep running your old program or do you take a time out to adjust your […]

  21. AVATAR: Business Movie Review - Brilliant Breakthroughs, Inc. - December 9, 2016

    […] this movie is a great way to reflect upon YOUR Business’s Performance this year. It’ll help you determine which new actions better alignment with your strategies […]

  22. Year End Passion Review for Small Business Owners (updated) - Brilliant Breakthroughs, Inc. - December 29, 2016

    […] I hope you’re at least creating your blueprint for next year’s business success. Imagining and envisioning is a very important part of the process, which usually begins with a review of this year’s business performance. […]

  23. Winging It isn't a good small business strategy at all - Brilliant Breakthroughs, Inc. - January 9, 2017

    […] you wing it, you set up yourself and YOUR Business Performance to fail – big […]

  24. 3 Phases of Preparing for Small Business Success (revision) - Brilliant Breakthroughs, Inc. - January 12, 2017

    […] in fact, this is one of the key areas I consistently see Small Business Owners (SBOs) giving their Business’s Performance the Kiss of […]

  25. Your WHY Directs Your HOW to Succeed - Brilliant Breakthroughs, Inc. - March 13, 2017

    […] WHY is the kingpin to YOUR Business’s Performance. If you have the clarity of why you are in business, your world becomes simpler and more […]

  26. YOUR Returning Customer - not always satisfied? - Brilliant Breakthroughs, Inc. - March 16, 2017

    […] Success depends upon YOUR Business’s Performance. Ultimately this drills down to sales. Sales are how customers reward you for providing them a […]

  27. Business Owners Balancing Roles and Responsibilities - Brilliant Breakthroughs, Inc. - May 18, 2017

    […] It doesn’t even matter if your a Business Leader of a large team or a solo entrepreneur, balancing everything can be exhausting. Worse yet, you mastering this is essential to YOUR Business’s Performance! […]

  28. Moneyball: Business Movie Review - Brilliant Breakthroughs, Inc. - May 25, 2017

    […] SBOs, I encourage you to watch this movie with a pen in hand to take some notes. There are many golden nuggets and Billy Beane is a great role model of perseverance. I suggest you watch it more than once and select which of the many business strategies would best suit improving YOUR Business Performance. […]

Leave a Reply