Goals vs. Resolutions

measureGoals and resolutions are not the same thing.  Let’s look at their definitions as advertised via dictionary.com:

goal

–noun
1. the result or achievement toward which effort is directed; aim; end.
2. the terminal point in a race.

res⋅o⋅lu⋅tion

–noun
1. a formal expression of opinion or intention made, usually after voting, by a formal organization, a legislature, a club, or other group. Compare concurrent resolution, joint resolution.
2. a resolve or determination: to make a firm resolution to do something.
3. the act of resolving or determining upon an action or course of action, method, procedure, etc.
4. a solution, accommodation, or settling of a problem, controversy, etc.

What’s the difference?

When you resolve to do something, you are setting up an action that you will carry out without measurable results.  For example: “I will exercise more this year,” “I will lose weight,” “I will spend more time at home,” etc., etc.  A goal is the vessel by which you take a resolution and define a measurable outcome.

What this means to me:

Every new year, I define a set of goals for the year, both personally, and for my business.  I express those goals for my business through an annual review of the business plan – a document defining my finite goals for the year, next three years, ten years, and life of the company.  I define my personal goals here on this blog.  All of the goals I set for myself follow a specific format.

Formatting a Goal

I use a simple acronym for defining my goals: SMART.  Smart stands for:

  • Simple
  • Measurable
  • Attainable
  • Realistic
  • Timelined

For instance, looking at my previous post: My Goals for 2009, we can pick out the goal: “Put $10,000 into my IRA.”  This goal is simple because I only need to do one thing.  Tracking it isn’t complicated.  It is measurable.  Each dollar I put in is a measurable unit.  It’s attainable.  I’m pretty sure I can do this if I hold myself to it.  It’s realistic.  I’m not putting more than I make into my IRA.  It has a timeline, because these are my 2009 goals, I have until Dec. 31, 2009 to complete them.

Following Through

Goals are only useful if you follow through.  I like to set goals far enough in advance and broad enough that if I fall short for a couple days, I can recover.  I like to make “thermometers” to track how close I am to acheiving goals as well.  I can organize all of my thermometers into a dashboard of sorts and rate myself on my progress.  I can find places I fall short and work on improving those areas.

I hope this helps you turn your resolutions into goals and your goals into results.