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Last Updated on May 20, 2020

What Are Analytical Skills (And How to Strengthen Them For Success)

What Are Analytical Skills (And How to Strengthen Them For Success)

Everybody makes bad decisions. Some people, however, are more capable of making better decisions that inch them closer to success.

These individuals are not ruled by emotions, desires, or hunches. Rather, they depend on their analytical skills to overcome challenges regardless of urgency or complexity.

What Are Analytical Skills?

According to Richards J. Heuer Jr., a former veteran of the CIA,[1]

“Thinking analytically is a skill like carpentry or driving a car. It can be taught, it can be learned, and it can improve with practice. But unlike other skills, it is not learned by sitting in a classroom and being told how to do it. Analysts learn by doing.”

Analytical skills can be considered as one of the critical life skills that are not taught in schools. It comprises of visualization, critical thinking, and abilities for gathering and processing information.

Here’s a closer look at some of these abilities:

Visualization

Also tied to a person’s creativity, visualization is the ability to predict the possible outcomes of strategies and actions. In a professional setting, visualization involves the analysis of data – often through illustrations like charts, graphs, and detailed lists.

Critical Thinking

Simply put, a person’s ability to think critically can be measured by his or her consistency in creating reasonable decisions. It pertains to the ability to evaluate information, siphon what’s useful, and draw conclusions without being swayed by emotions.

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As a critical thinker, you’ll find yourself challenging assertions and finding loopholes in proposed solutions.

Computing

Whether you like it or not, you need to be comfortable with numbers if you want to sharpen your analytical skills. Bear in mind that computing encompasses other skills like cost analysis, budgeting, and performing general calculations.

In business, you need to use computations when weighing the risks and benefits of any given strategy.

Problem-Solving

Remember that analytical skills are used not just to understand problems, but also to develop the most suitable course or courses of action. This relates to your goal-setting skills, which involve breaking down and prioritizing between objectives.

Resource Management

Lastly, analytical skills involve some degree of resource management depending on the task at hand.

For example, professionals with a tight schedule must know how to effectively manage their own time – also known as one of the most important resources in the world.

Business leaders, on the other hand, must know how to manage company resources, including cash and manpower. Take note that the definition of analytical skills may change to match the requirements of a specific situation.

For example, upon hiring a web developer, analytical skills may refer to the ability to determine the needs of online users, understand web analytics for optimization, and identify visual elements that can match a company’s brand.

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The skillset above, however, should be applicable in most if not all scenarios.

Develop Your Analytical Skills for More Growth Opportunities

There’s no question that the right decisions lead to positive results. It doesn’t matter if you’re running a business or simply trying to climb the corporate ladder. By training your analytical skills, you position yourself for more growth opportunities while staying away from negligible actions you will regret.

For example, you plan to launch a new startup in your local community – but struggle to decide the niche you want to enter. Since you’ve been a technophile your whole life, part of you desires to invest in a gadget store. If you’re passionate about your business, success will come – right?

If you have sharp analytical skills, you begin to see your plans in whole new dimensions.

What are the possible outcomes of this venture? Does the local market have a need for a new gadget store? How much do I need to get started – and how much should I sell to make a profit?

Depending on your findings, you can determine the feasibility of your business idea without letting your emotions get in the way.

6 Ways to Strengthen Your Analytical Skills

There are several approaches when it comes to developing an individual’s analytical skills. For instance, psychologists agree that reading fantasy stories as a child can help sharpen critical thinking.[2]

Research also suggests that undergoing traditional education has a positive effect on a person’s IQ and analytical skills.[3]

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But as an adult, such opportunities to hone your analytical skills no longer apply. That’s why you need to devise a more deliberate, active approach yourself.

Below are a few strategies to get you started:

1. Ideate Business Ideas

Developing a profitable business idea, whether you pursue them or not, involves numerous challenges. You need a ton of research, computations, and problem-solving to create a tangible business plan.

You can organize your ideas with a note-taking tool like Microsoft OneNote or Evernote. Doing so will allow you to delve deeper into your analysis, organize your findings, and stay focused on roadblocks as well as how to solve them.

2. Leverage Analytical Tools

Aside from note-taking tools, you can also leverage other software that can help with analytical tasks. A money management app like Mint, for example, makes it easy to track your spending habits as well as manage your budget with visual tools. When it comes to prioritizing goals, you can use simple task management apps like Trello or Wunderlist.

3. Have a Personal Learning Library

Thanks to the internet, there’s a colossal amount of resources you can utilize to learn new skills, expand your vocabulary, and train your visualization muscles.

Social media networks like SlideShare and YouTube, for example, offer mountains of tutorials you can access to your heart’s content.

For a personalized learning library, you can download Instagram videos or GIFs from educational accounts like NASA Goddard and the American Mathematical Society. But if you prefer specific, technical skills, then a good place to start would be online learning platforms like Coursera, edX, and Alison.

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4. Participate in Online Communities

The internet is a great place to share experiences, opinions, and sometimes intellectual discussions with like-minded individuals. Reddit, for example, has a place or “subreddit” dedicated for every topic imaginable – from technology to entrepreneurship.

For structured debates, you can head to websites like Debate.org and let other users choose the winner via votes.

5. Seek Mental Stimulation

To keep your mind sharp, make it a habit to engage in mentally stimulating activities, such as chess, puzzles, and brain training apps. A great resource would be Lumosity, which contains dozens of cognitive games designed by teams of scientists and game designers.

6. Keep a Personal Journal

Finally, keeping a personal journal allows you to take a second look at everything that happened in your day.

Remember that writing about learning experiences lets you focus on the lesson rather than the emotion. It will help you analyze how you made your decisions, why you came to certain conclusions, and what you can do to improve in the future.

Here’s How to Create a Habit of Writing in a Journal.

Bottom Line

As an adult, you are required to face a myriad of challenges on a daily basis. Work, school, business, relationships – the list goes on when it comes to the sources of life’s problems. With analytical skills, you can confront and overcome any obstacle standing between you and your goals.

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Featured photo credit: Campaign Creators via unsplash.com

Reference

[1] M. S. Ramaiah University of Applied Sciences: Analytical Thinking?
[2] KD Novelties: Why You Should Read Classic Tales to Your Children
[3] Economic Inquiry: The Effect of Education on Cognitive Ability

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Vikas Agrawal

Vikas is the co-founder of Infobrandz, an Infographic design agency that offers creative visual content solutions to medium to large companies.

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Last Updated on October 13, 2020

A Complete Guide to Goal Setting for Personal Success

A Complete Guide to Goal Setting for Personal Success

If there was a rule book of life, there would be one particular page that was highlighted, underlined, and titled as most important. It would be the one which told you that you need to master effective goal setting and have an aim in mind before you get on with the process. Luckily, this goal setting guide is here to help.

Yes, goal setting is important. In fact, it’s more important than achieving the goal itself. This is because it is the sense of direction that is needed for you to fulfill any task in life.

You don’t have to feel overwhelmed if this sounds new to you because all the following information has you covered.

Today you’ll find out all about the importance of goal setting, types of goals, and tips to define realistic goals for yourself!

What Are Goals?

To kick off our goal setting guide, you need to first recognize what goals are and how they are different from objectives, dreams, and expectations.

A goal is basically your aim for the relatively long-term future. It is the bigger umbrella, the main focus.

Objectives, on the other hand, fall under the umbrella of goals. They are the stepping stones that help you achieve your goals[1].

Objects vs goals for goal setting

    Let’s say you want to learn a new foreign language. Your goal is to be fluent in the new language. Everything you do to achieve this goal, such as the daily tasks and learning aims, are the objectives.

    Similarly, your expectations, visions, and dreams are not your goals. If you wish to learn a new language someday, that is your dream. If you see yourself fluently speaking multiple foreign languages, that is your vision. If you think you’re capable of learning a new language, that is your expectation.

    However, if you aim to fulfill these visions, dreams, and expectations practically, that is your goal.

    Why Is Goal Setting Important?

    Why should you bother with goal setting at all? Wouldn’t it be more convenient to just get on with your daily objectives, follow a dream or vision, and let life take you wherever?

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    Well, if that’s what you want to do in your life, go ahead, but if you actually want to tick off things from your list of goals to achieve, goal setting is necessary.

    Being committed to a goal puts your brain to work in one specific direction. Believe it or not, by having a defined goal, your brain does its magic unconsciously, 24/7, with full efficiency, to achieve the desired results[2].

    Goal setting is important to shift your focus, boost your motivation, and give you a sense of direction. Without formally defining a particular aim that you want to reach, you won’t be able to keep your objectives in line.

    Hence, this one tiny step can end up saving you a lot of hassle and time while also encouraging your productivity in the right regard.

    Types of Goals

    Before we move onto the technique of setting effective goals, we need to first take a look at all types of goals in this goal setting guide.

    These categories will not just help you brainstorm new one for yourself, but it will also guide you to list them down in the right way.

    Time-Based

    One of the two broad categories of goals is based on time. These goals define how far in the future you want to achieve them.

    Daily

    There are certain smaller goals that you can easily achieve in a day or two. In fact, some of these daily goals can be recurring, too. For example, you may want to run for an hour every morning.

    Now, these daily goals can also serve as objectives for a long-term goal. You may be running every day because, in the long-term, you want to increase your stamina.

    Daily goals are highly effective for people who want to improve their mental wellbeing, time management skills, and stress management.

    Short-Term

    Next in line are short-term goals. As you would have already guessed, these are aimed for the near future.

    The great thing about these is that they are generally easier to achieve. This is because short-term goals are set for the foreseeable future. You are aware of the circumstances and have an idea of how much the situation can change. That is unless, of course, something extremely unpredictable happens, the chances of which are quite slim.

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    Just like daily goals, short-term goals may also serve as objectives for a long-term goal. Your short-term goal may be to lose 5 pounds in one month. That could be a goal in itself, or maybe it is just one objective to fulfill your goal to adopt a healthy lifestyle in the next two years.

    Another example of a short-term goal is to fulfill the checklist for promotion within the next 6 months. Or, you may want to reduce your screen time within the coming week.

    Long-Term

    Lastly, we have long-term goals that are meant to be completed over a stretched period.

    Whatever you want to achieve in a later stage of life is a long-term goal. An insurance plan, for example, is a long-term goal.

    Some long-term goals don’t have any time frame at all. They are goals that you want to accomplish at some point in your life. So, something like traveling the whole world is a lifelong goal with no specific time constraint at all.

    There’s one thing about long-term goals that isn’t great.

    They are the hardest to keep up with since you’re not seeing any huge achievements regularly. This may take a toll on your motivation. To tackle this problem, it is best to divide a long-term goal into various short-term and daily objectives so that you’re always tracking the progress you’re making.

    Life-Based

    Moving forward, you can also start goal setting based on the results you want to achieve instead of the time period.

    Career

    Like all humans, you will always want to succeed and excel in your career. No one wants to stay where they are forever.

    Anything that has to do with this intention, regardless of the time frame, is a career goal.

    You can learn more about how to set successful career goals here.

    Personal

    The past few years have all been about emphasizing your personal health. So, when it comes to goals, how can we forget the ones that have to do with our personal gains?

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    From health to finances to relationships, everything that brings you happiness and composure as a person is a personal goal.

    Whether you want to get rid of your debt, quit smoking, start a side hustle, get married, or have children, all these goals are personal and very important to have on your list.

    How to Set Goals

    The best way to guarantee the fulfillment of goals is to set them the right way.

    SMART Goals

    Every goal you define has to be smart[3]. No, we don’t mean the adjective. We’re referring to the acronym here.

    SMART stands for:

    • Specific
    • Measurable
    • Attainable
    • Relevant
    • Time-Bound

    In summary, your specific goals should be very well defined. They shouldn’t be generic or broad, and every detail should be clarified. 

    If you want to start running, how often do you want to do it? How long will each session be? For how long will you continue this habit?

    There has to be a connection between your goals and beliefs or you’ll never be able to achieve the results you want. Most importantly, do not be unrealistic. You cannot learn to fly, and forcing yourself to try is only going to demotivate and stress you out.

    Some Rules

    Whenever you’re working your way through this goal setting guide, keep a few things in mind.

    First and foremost, prioritize your goals. Things that you want to achieve the quickest should be worked on first.

    Don’t act in a way that is self-centered. There are people around you who will be affected by the things you do. Keep them in mind when defining goals.

    Lastly, do not let yourself forget the bigger picture. Whether it is the long-term result or the connection of the goal with your desire, keep it in mind to keep yourself from getting distracted.

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    I also recommend you to watch this video to learn 7 strategies to set goals effectively:

    How to Reach Your Goals

    You can ensure your progress by following some foolproof tactics. The use of relevant helpful tools can also keep you on the right track.

    Tactics

    One rookie mistake that most people make is that they work on too many goals simultaneously. Create an action plan and focus on one thing at a time.

    Divide your goal into smaller, easily achievable tasks. Taking it one step at a time makes it way easier. However, do not break them down too much. For example, for long-term goals, you should go for weekly checkpoints instead of daily ones.

    Also, keep track of your progress. This will keep you motivated to work harder.

    Tools

    With so many categories of goals and so many aims, it is almost impossible to remember, let alone work, on all of them.

    Luckily, numerous goal tracker apps will help you keep track of your goals, as well as your plan to achieve every single one. Have at least one installed in your smartphone so that your plan is always within reach.

    Bottom Line

    In conclusion, using a goal setting guide is not rocket science. All that it takes is strong will power along with all the knowledge that you’ve learned so far.

    Try out the tactics and tips mentioned above to be able to set successful goals so that you can achieve the life that you want!

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    Featured photo credit: Danielle MacInnes via unsplash.com

    Reference

    [1] Smart Insights: The difference between marketing objectives and marketing goals?
    [2] Confluence: Goal Setting Theory
    [3] University of California: SMART Goals: A How-To Guide

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