4.2: Part II- Setting Goals and Getting There
- Page ID
- 35819
\( \newcommand{\vecs}[1]{\overset { \scriptstyle \rightharpoonup} {\mathbf{#1}} } \)
\( \newcommand{\vecd}[1]{\overset{-\!-\!\rightharpoonup}{\vphantom{a}\smash {#1}}} \)
\( \newcommand{\id}{\mathrm{id}}\) \( \newcommand{\Span}{\mathrm{span}}\)
( \newcommand{\kernel}{\mathrm{null}\,}\) \( \newcommand{\range}{\mathrm{range}\,}\)
\( \newcommand{\RealPart}{\mathrm{Re}}\) \( \newcommand{\ImaginaryPart}{\mathrm{Im}}\)
\( \newcommand{\Argument}{\mathrm{Arg}}\) \( \newcommand{\norm}[1]{\| #1 \|}\)
\( \newcommand{\inner}[2]{\langle #1, #2 \rangle}\)
\( \newcommand{\Span}{\mathrm{span}}\)
\( \newcommand{\id}{\mathrm{id}}\)
\( \newcommand{\Span}{\mathrm{span}}\)
\( \newcommand{\kernel}{\mathrm{null}\,}\)
\( \newcommand{\range}{\mathrm{range}\,}\)
\( \newcommand{\RealPart}{\mathrm{Re}}\)
\( \newcommand{\ImaginaryPart}{\mathrm{Im}}\)
\( \newcommand{\Argument}{\mathrm{Arg}}\)
\( \newcommand{\norm}[1]{\| #1 \|}\)
\( \newcommand{\inner}[2]{\langle #1, #2 \rangle}\)
\( \newcommand{\Span}{\mathrm{span}}\) \( \newcommand{\AA}{\unicode[.8,0]{x212B}}\)
\( \newcommand{\vectorA}[1]{\vec{#1}} % arrow\)
\( \newcommand{\vectorAt}[1]{\vec{\text{#1}}} % arrow\)
\( \newcommand{\vectorB}[1]{\overset { \scriptstyle \rightharpoonup} {\mathbf{#1}} } \)
\( \newcommand{\vectorC}[1]{\textbf{#1}} \)
\( \newcommand{\vectorD}[1]{\overrightarrow{#1}} \)
\( \newcommand{\vectorDt}[1]{\overrightarrow{\text{#1}}} \)
\( \newcommand{\vectE}[1]{\overset{-\!-\!\rightharpoonup}{\vphantom{a}\smash{\mathbf {#1}}}} \)
\( \newcommand{\vecs}[1]{\overset { \scriptstyle \rightharpoonup} {\mathbf{#1}} } \)
\( \newcommand{\vecd}[1]{\overset{-\!-\!\rightharpoonup}{\vphantom{a}\smash {#1}}} \)
\(\newcommand{\avec}{\mathbf a}\) \(\newcommand{\bvec}{\mathbf b}\) \(\newcommand{\cvec}{\mathbf c}\) \(\newcommand{\dvec}{\mathbf d}\) \(\newcommand{\dtil}{\widetilde{\mathbf d}}\) \(\newcommand{\evec}{\mathbf e}\) \(\newcommand{\fvec}{\mathbf f}\) \(\newcommand{\nvec}{\mathbf n}\) \(\newcommand{\pvec}{\mathbf p}\) \(\newcommand{\qvec}{\mathbf q}\) \(\newcommand{\svec}{\mathbf s}\) \(\newcommand{\tvec}{\mathbf t}\) \(\newcommand{\uvec}{\mathbf u}\) \(\newcommand{\vvec}{\mathbf v}\) \(\newcommand{\wvec}{\mathbf w}\) \(\newcommand{\xvec}{\mathbf x}\) \(\newcommand{\yvec}{\mathbf y}\) \(\newcommand{\zvec}{\mathbf z}\) \(\newcommand{\rvec}{\mathbf r}\) \(\newcommand{\mvec}{\mathbf m}\) \(\newcommand{\zerovec}{\mathbf 0}\) \(\newcommand{\onevec}{\mathbf 1}\) \(\newcommand{\real}{\mathbb R}\) \(\newcommand{\twovec}[2]{\left[\begin{array}{r}#1 \\ #2 \end{array}\right]}\) \(\newcommand{\ctwovec}[2]{\left[\begin{array}{c}#1 \\ #2 \end{array}\right]}\) \(\newcommand{\threevec}[3]{\left[\begin{array}{r}#1 \\ #2 \\ #3 \end{array}\right]}\) \(\newcommand{\cthreevec}[3]{\left[\begin{array}{c}#1 \\ #2 \\ #3 \end{array}\right]}\) \(\newcommand{\fourvec}[4]{\left[\begin{array}{r}#1 \\ #2 \\ #3 \\ #4 \end{array}\right]}\) \(\newcommand{\cfourvec}[4]{\left[\begin{array}{c}#1 \\ #2 \\ #3 \\ #4 \end{array}\right]}\) \(\newcommand{\fivevec}[5]{\left[\begin{array}{r}#1 \\ #2 \\ #3 \\ #4 \\ #5 \\ \end{array}\right]}\) \(\newcommand{\cfivevec}[5]{\left[\begin{array}{c}#1 \\ #2 \\ #3 \\ #4 \\ #5 \\ \end{array}\right]}\) \(\newcommand{\mattwo}[4]{\left[\begin{array}{rr}#1 \amp #2 \\ #3 \amp #4 \\ \end{array}\right]}\) \(\newcommand{\laspan}[1]{\text{Span}\{#1\}}\) \(\newcommand{\bcal}{\cal B}\) \(\newcommand{\ccal}{\cal C}\) \(\newcommand{\scal}{\cal S}\) \(\newcommand{\wcal}{\cal W}\) \(\newcommand{\ecal}{\cal E}\) \(\newcommand{\coords}[2]{\left\{#1\right\}_{#2}}\) \(\newcommand{\gray}[1]{\color{gray}{#1}}\) \(\newcommand{\lgray}[1]{\color{lightgray}{#1}}\) \(\newcommand{\rank}{\operatorname{rank}}\) \(\newcommand{\row}{\text{Row}}\) \(\newcommand{\col}{\text{Col}}\) \(\renewcommand{\row}{\text{Row}}\) \(\newcommand{\nul}{\text{Nul}}\) \(\newcommand{\var}{\text{Var}}\) \(\newcommand{\corr}{\text{corr}}\) \(\newcommand{\len}[1]{\left|#1\right|}\) \(\newcommand{\bbar}{\overline{\bvec}}\) \(\newcommand{\bhat}{\widehat{\bvec}}\) \(\newcommand{\bperp}{\bvec^\perp}\) \(\newcommand{\xhat}{\widehat{\xvec}}\) \(\newcommand{\vhat}{\widehat{\vvec}}\) \(\newcommand{\uhat}{\widehat{\uvec}}\) \(\newcommand{\what}{\widehat{\wvec}}\) \(\newcommand{\Sighat}{\widehat{\Sigma}}\) \(\newcommand{\lt}{<}\) \(\newcommand{\gt}{>}\) \(\newcommand{\amp}{&}\) \(\definecolor{fillinmathshade}{gray}{0.9}\)Embarking on a journey to achieve one's goals involves an understanding of what goals represent. Goals, as distinct from dreams or desires, are concrete decisions or intentions to attain specific outcomes in the future, guided by a set timeframe or life context. In this section, you will explore personal goals and career goals. You will learn to apply the SMART model of goal creation, emphasizing specificity, measurability, achievability, relevance, and timeliness.
Goals
Let’s begin with some clarification about goals and setting them. Goals are not dreams or visions or desires. They are more concrete than these. A goal is a stated specific decision or intention to accomplish a certain result in the future, either by a certain time or in one’s life.
Personal or Career Goals
Goals can be categorized as personal or career. As you can guess, personal goals may relate to family, community, or recreation. They are often statements about financial stability, wealth, retirement, or legacy (estate) planning. Goals related to philanthropy or public service are also personal goals. Here are a few examples of personal goals:
- I will be earning six figures by age 28.
- I will be married and have a family by age 30.
- When I retire, I will have sufficient means and time to devote at least 16 hours per week to a mental health organization as a volunteer.
Career goals, on the other hand, relate to a specific industry and position, whether for yourself or a company owned by others, whether for a for-profit or non-profit organization. They are intricately tied to a professional path and may include goals related to industry specifics, educational requirements, and aspirations for leadership or business ownership.
Long-term career goals specify the nature of the career, such as leadership, management, or business ownership, and take into consideration the educational requirements and availability of resources. Short-term career goals are more often related to skills or professional development education. Here are a few examples of career goals:
- I will advance to a leadership position in my company within two years. (Long-term)
- I will improve my time management skills by attending a course next year. (Short term)
SMART Goals
SMART goals can be constructed for personal or career goals. For our purposes here, we’ll explore setting SMART goals for careers. SMART goals are statements of your intended accomplishment(s) that are written in a way that provides a clear understanding of what constitutes successful attainment. SMART goals are specific, measurable, achievable, relevant, and timely. These characteristics are shown below along with their definitions. Read them carefully. You will be putting them to use shortly.
- S (Specific) = Definite, explicit, and distinct. What will you accomplish?
- M (Measurable) = Calculated and quantifiable. How will you measure success? What data will you use?
- A (Achievable) = Realistic, attainable, and feasible. Do you or will you have the skills and resources that you need to reach the goal?
- R (Relevant) = Applicable and pertinent. Is the goal relevant to the way you see yourself and your life?
- T (Timely) = Tied to a calendar date. When do you expect to achieve the goal?
Real Estate SMART Goal Examples
Notice that each of the following examples is specific, measurable, achievable, relevant, and timely.
-
Complete an AA degree in my career path within 18 months by attending online classes..
What: complete AA. When: within 18 months. How: by attending online classes. -
Increase my sales revenues by 18% in the next six months by using videoconferencing.
What: Increase revenues by 18%. When: in next six months. How: by using videoconferencing. -
By the end of the month, become familiar with real estate trends by reviewing at least three industry/association articles that provide data on local and county sales.
What: become familiar with trends. When: by the end of the month. How: review data. -
By the end of the quarter, develop at least six new professional relationships by joining at least one professional, community, or philanthropic organization.
What: develop professional relationships. When: by end of the quarter. How: by joining an organization.
The journey of goal setting is a dynamic process that requires an understanding of your aspirations, both personal and professional. The implementation of SMART goals adds a strategic element to this process, ensuring clarity, accountability, and successful outcomes.
Practice Zone
.jpg?revision=1) |
Write two SMART goals related to your desire to enter a career in real estate. |
For more details on writing SMART goals, read the following document: