Successful Methods for Establishing Goals | UtilityEducation.com
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Successful Methods for Establishing Goals

Russ Hissom, CPA Russ Hissom, CPA
July 30, 2022
3 min read

Reviewing goal progress is a continuous process

Do you need help to stay on track, focusing your efforts to achieve short and long-term goals? I definitely have that problem and am apt to stray down rabbit holes that may or may not be productive, thus, taking time away from progressing toward attaining goals.

You can read thousands of books on productivity and achieving goals. The goal category has new materials entered daily, along with YouTube videos and podcasts. So, what is so special about the several approaches I'm sharing in this article? They work for me and perhaps will for you when you put your unique stamp on the process.

Annual goal setting? How about a weekly or daily review to keep focus?

There is no such thing as an "annual" goal-setting exercise, somewhere along the way, you have decided to write down your goals for the coming year or are considering using a more structured approach compared to your current seat-of-the-pants method. The goal "list" is now your baseline of expectations and should be updated regularly. I break my goals into three main categories - personal growth, family growth, and business growth. Each category has 8 - 10 items.

I take this annual list and break it down into eight-week blocks of planned achievements. For example, if my goal is to write an article every two weeks, then my bi-monthly goal is to write four articles. Likewise, if the goal is to obtain six new clients over a year, then the bi-monthly goal is to land one project with a brand-new client. My goals are more achievable when they are measurable and countable.

This process is relatively easy to manage, as I review the goal list first thing each morning, focusing on the bi-monthly breakdown. If I find myself rolling over goals from one bimonthly period to the next, it's clear that I'm not being diligent about focusing on what's important. I give myself a verbal dress down and strive to do better. Or, if I find that I'm overachieving in specific goals, I celebrate but then evaluate whether I've left some "sand in the bag" in setting that particular goal and, if so, up the goal expectation.

The evening planner sets the table for tomorrow

Another technique I rely on is the "evening planner ."At the close of each day, I review today's progress toward goals set for today and prioritize tomorrow's activities. I use the "calendar blocking" technique to outline the framework for the next day. I find this approach allows me to reflect on progress and realign priorities.

Reviewing goals and prioritizing tasks at the end of each day also activates your subconscious, planting the seed in your mind for a more focused approach as you start (and avoiding those rabbit holes).

What is your method?

Here I've described the methods that work for me when setting goals and staying on track. More often than not, they have been successful. I didn't start out using all of these tools, as my methods have evolved. The key for all of us is to start by writing down goals, determining time periods, and then using techniques that work for you to stay on track.

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Russ Hissom, CPA
Written by
Russ Hissom, CPA
Principal, UtilityEducation.com  ·  35+ Years of Utility Accounting Experience

Russ Hissom is a nationally recognized utility accounting and rate expert with deep hands-on experience in FERC and RUS accounting, regulatory accounting, cost-of-service studies, and rate design for electric utilities and cooperatives across the United States. He also serves as an expert witness before FERC, state commissions, and in arbitration proceedings. Learn about consulting services →

Disclaimer: The material in this article is for informational purposes only and should not be taken as legal or accounting advice provided by Utility Accounting & Rates Specialists, LLC. You should seek formal advice on this topic from your accounting or legal advisor.