Different Types of Goals

Posted in   Team   on  July 5, 2022 by  David Loke0

Leaders set goals. But they often set only one type of goal, and in doing so they set themselves up for failure. Here are different types of goals to set:

  1. Achievement goals – These describe results that you will have when you finish the goal. Examples include: retiring with a million dollars at age 65, earning a promotion by June, increase sales by 5%. Most major goals are achievement goals.
  1. Action goals – These describe specific actions that you will take to accomplish achievement goals. Examples include meeting with an investment counselor, attending a workshop to learn new job skills, contact all of the prospects in the database.
  1. Layered goals – These specify the same goal with different levels of priority and difficulty.
  1. Rate goals – These specify actions repeatedly done over time. Examples include: Reading two books per month, exercising three times per week, or writing in a journal every day. Many personal growth activities can be performed as rate goals.
  1. Limit goals – These set boundaries. Examples include: Spending less than $5,000 on new equipment, going to bed before 10 PM each night, take less than 45 minutes for lunch while at work. These help manage priorities.
  1. Exclusion goals – These state things that you will not do. Examples include: Do not watch TV after 8 P.M., do not use a cell phone when with other people, and do not eat junk foods. These help you decide in advance which activities you will avoid.
About the Author David Loke

David Loke is the co-founder and CEO of ReadySpace, a Cloud Service Provider in the APAC region. In 2003, he started ReadySpace with the vision to provide customers with reliable, secure, affordable and simple online apps. It then evolved into what we call Cloud today. Being through a decade of running ReadySpace, it has now grown into a regional business serving business owners and its managers across various industries to their success.
Right now, he is taking his wealth of experience to help over 700 business owners as mentor and coach with an ultimate goal to multiply wealth creation.

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