Personal Goal Setting: Entrepreneurship, SMART Objectives & Activities

This report focuses on personal goal setting within the context of entrepreneurship, utilizing the SMART objectives framework. It outlines the key elements of goal setting, including clarity, challenges, commitment, feedback, and task complexity. The report emphasizes the importance of understanding one's goals, assessing the reality of the situation, identifying obstacles, exploring options, and defining a way forward. Specific activities and required skills, such as reviewing articles and researching skills, are detailed along with a timeline for achieving the set goals. The report uses the GROW model (Goal, Reality, Obstacles, Options, Way Forward) to provide a structured approach to goal attainment in the field of entrepreneurship. Desklib provides solved assignments and study resources for students.

personal goal setting
5 main components of Goal setting Theory
Clarity: The aim of the goal should be very clear and the
ideas which will be used in achieving the goal will be easily
understandable.
Challenges: Before setting the goal, one should have the
knowledge of all the challenges, he will be facing while
getting that goal.
Commitment: The person have to be dedicated and
committed towards the aim and he should give more than
100% in getting that goal (Kaufman, 2014.).
Feedback: after sometime, it is necessary to get the
feedback for the people. This will be very helpful in
identifying whether the strategy is on the right track or not.
Task complexity: This will be the last thing to know about
the complex nature of the task. The aim selected by the
person is complex or not and according to that the effective
goal strategy will be planned.
Elements used in goal setting
 . Credibility: it is all about the trust.
identifying your specific goals.
 Understanding: This will be having
all the employees and the decision
makers. You have to analyze the
understanding technique so that your
decision will be having more
influence to others.
 Effective communication: This is also
very important. The communication
must be very clear and specific. It
helps in
• G- Goal; This is the final point of any model. The goal which I have selected is
very clear to me and I know what are the consequences of selecting this
objective.
• R-Reality: reality is defined as the issue which are there in achieving my aim.
What are the challenges which I will face in my goal of becoming an
entrepreneur.
• O- Obstacles: Some of the obstacles are there which I have to face while
reaching towards my goal. These obstacles are there because it is the real world,
and every now and then one has to face obstacles in doing some work.
1.Option: After finding out my obstacles and I have to find out the option by
which I can overcome those obstacles and this will help me in reaching my goal.
• W-way forward: After identified the option, these needs to be changed into
different actions and steps which are needed to be taken, so that I will reach my
aim. All these will be the forward way in achieving my goal.

 Goals

Activities  Time Period Skills Required
To become an entrepreneur Review of articles  2 weeks Researching skills

Expert advice  5 hours Question asking capabilities
SMART OBJECTIVES
 To enhance the communication
skills within 3 months
 To implement entrepreneurial
ideas in a period of one year
 To gain knowledge regarding
leadership skills
 To understand the basics of
entrepreneurship
 To analyze self skills/attributes
 To gather relevant information
helpful for entrepreneur.