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If You Want to Get Bigger Things Done in 2018, Read This

If You Want to Get Bigger Things Done in 2018, Read This

You may think of Starbucks as a great place to grab a coffee, but they’ve actually got a fascinating goal that they’re aiming for. Their ambition is to be recognized as much for their commitment to social responsibility – as the quality of their coffee. And they want to reach this goal by 2020.[1]

To help reach this worthy ambition, Starbucks plans to offer sustainable coffee, eco-friendly stores, employment opportunities for military veterans (and their spouses), youth and refugees, and food share and community service.

How will they achieve these targets? The company is committed to planting 100 million trees to farmers by 2025, double the recycled content, recyclability and the reusability of Starbucks cups by 2020, hire 25,000 veterans and military spouses, and rescue 100 percent of food available to donate by 2020 in U.S. company-owned stores. (And many more.)

    This Starbucks’ plan is essentially based on the SMART goal principles. With a deadline of 2020 (just three years), they’re stretching their potential to get big things done as soon as possible.

    SMART Goal vs Stretch Goal

    In November 1981, George T. Doran, a consultant and former Director of Corporate Planning for Washington Water Power Company, published a paper titled: There’s a S.M.A.R.T. Way to Write Management’s Goals and Objectives. It’s believed that this was the first time the acronym SMART was written down.

    Maybe you’ve already known or tried a SMART goal, but let’s just have a recap of what SMART stands for:[2]

    • Specific – target a specific area for improvement.
    • Measurable – quantify, or at least suggest, an indicator of progress.
    • Assignable – specify who will do it.
    • Realistic – state what results can realistically be achieved given available resources.
    • Timeline – specify when the result can be achieved.

    This clear and simple framework has revolutionized the way many people and companies implement their goal setting.

    How about Stretch goals? Stretch goals allow you to stretch your imagination, potential and ability. It’s when our creativity and imagination comes up with what we believe are winning ideas – but we don’t necessarily have any concrete steps on how to achieve them. This can often make Stretch goals seem like make-believe, as the goals are often very challenging.

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    On the left, you can see a straight path leading to a country. This is how your SMART goal looks when in action. You have a clear direction and a definite goal.

    On the right, you can see a blurry, meandering path to an unknown continent. This is how your Stretch goal looks when in action. You have an uncertain route to take on the way to a goal that is so big – that you can’t be sure you’ll ever reach it.

      SMART Goals are Concrete but Rigid

      SMART goals offer a concrete plan of action so people know exactly what to do to achieve the desired goal. They are more motivating because the plan of action demonstrates how the goal is attainable. They also make visualizing progress easy, and missed targets can be spotted quickly.

        However, the focus on specific set targets to reach the goal can result in people missing the bigger picture. If the goals are too easy to achieve, then the potential is lost to attain greater success. For creative types, the rigidity of SMART goals may prove to be too robotic or dull.

          Stretch Goals are Daring but Vague

          Stretch goals inspire people to think BIG and push their limits of potential and ability. They allow people to keep their focus on the BIG picture, and encourage creative approaches because often unconventional ways are needed to achieve herculean goals.

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            But stretch goals can be demotivating. They lack concrete plans on how to get started, and how to progress and can lead to excessive risk-taking.

              Go SMART, or Stretch It?

              If you choose to go down the SMART goal route, you have the best chance of achieving your goal, but you may miss out on reaching your highest potential.

              On the other hand, if you choose to go down the Stretch goal route, you may push yourself to your limits, but ultimately fail to reach your desired destination.

                Clearly, SMART and Stretch goals have distinctive pros and cons. However, some circumstances will be best suited to one or the other.

                SMART goals are best when:

                • You have a vague plan, and have no idea how to turn the plan/idea into results.
                • You have a great idea/goal that you want to achieve, but you aren’t sure HOW to make it happen.
                • You need to kickstart yourself or your company into some action (e.g., reading one book a week, gaining 100 new customers a month).

                Stretch goals are best when:

                • You have a concrete plan, and you don’t see a problem making it happen. (It’s probably time to stretch it more!)
                • You want to break through stability and take your achievements to the next level (e.g., reading 3 books a week, gaining 500 customers a month).

                Discover the Sweet Spot

                Could there be a ‘middle way’ that combines the pros of each goal type while eliminating the cons? Yes, there certainly is.

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                If you’re not sure what goal type to choose, then instead, try combining the two goal types into one.

                  For example, if your goal is to be a competent guitar player, that would lend itself to being a SMART goal. With lessons and practice you could become a competent guitar player in under a year. However, why not blend in some Stretch goal thinking to inject some excitement into your goal. Dream big and outside of the box, and set your Stretch goal as: “To become a full-time, professional musician within three years.”

                  Now you have the best of both worlds. A short-term attainable goal, backed by a bigger, more inspiring dream.

                  Again, see yourself in the maze. Walking slowly through it, you know that you can eventually find your way out. However, imagine if you found a rocket in the maze, and you could instantly blast your way to freedom!

                  Start Achieving Right Now

                  Ready to start on the road to success? You just need to do three things:

                  1. Stretch your mind.
                  2. Get SMART.
                  3. Get working!

                  I’ll give you an example of this, so you can see how it’s done.

                  Imagine that you want to take up running as a hobby and a way to boost your health and fitness. If you lack any goals around this, you may run a few evenings, but then become demotivated and give up.

                  However, there is another way.

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                  Bring drama and stimulation to the table by choosing a Stretch goal of completing your first ever marathon.

                  Sounds too much? It should do, as the goal is designed to stretch your potential and ability. However – and here is the real secret – set yourself some SMART goals that specifically prepare you for the end destination… 26 miles of nonstop running!

                  Your SMART goals could include:

                  • Specific sub-goal: Run 7 miles without stopping.
                  • Measurable: Run twice around the park, no walking.
                  • Achievable?: Sure, if I run three times a week.
                  • Realistic?: Sure, if I wake up early every Monday, Wednesday and Friday.
                  • Timeline: Run 3 miles this week, 4 miles next week, 5 miles…

                  I’m sure you get the idea.

                  By blending the power of SMART and Stretch goals, you can turn yourself into a super-achiever. And if you have your own company, you can begin putting it on the fast-track to major success.

                  So, Stretch, be SMART, and enjoy the journey!

                  Featured photo credit: Freepik via freepik.com

                  Reference

                  More by this author

                  Leon Ho

                  Founder & CEO of Lifehack

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                  Last Updated on December 13, 2018

                  There Is More to Life Than  ____________

                  There Is More to Life Than  ____________

                  I decided to leave the title of this article open ended, because I’d like you to fill in what words best fit that blank. We’re all unique individuals from different walks of life, and in different stages of life; so, that sentence will have a different meaning for each of us.

                  If you’re a busy working professional, why are you working in the job that you have now?

                  Is it because it’s something you’re passionate about and brings you a lot of satisfaction? Or, is it because you studied that in college and just found a job that hired you for those skills? Perhaps it’s because of the money that you’re earning, or know you can earn down the line?

                  What if you’re about to retire? You’ve got, say, 2 to 3 more years before you hit your ‘deadline’ for retiring. Have you done all that you’ve wanted to do in the past 30-40 years? Any unfulfilled goals or dreams? Are you happy with the outcome of your life to date, all the decisions and/or risks that you’ve made thus far?

                  I’m sure many of us started working after college in hopes of earning a good living–to be financially stable and able to afford the ability to experience and do things that we love. We start establishing a career, and with time, tick off boxes on our bucket or ambition list. As you look back on the last couple of years, just how much of your time has been spent doing things that you enjoy and love–the things that give you a great sense of fulfillment and meaning?

                  Have you become a slave to the economy, a slave to your work, or a slave to your kids? Or have you found a balance between work and pleasure?

                  When is Enough Ever Enough?

                  Sadly, many of us live to work.

                  Realists would argue that if you truly want to work to live, you still need the finances to back that up. No money no talk. That is how the world runs today. So if you don’t earn or make enough dough, it’s hard to truly enjoy life; it’s hard to be happy without money.

                  So, in this quest to provide just that, many of us end up spending our whole lives pursuing wealth and a life of status and material wants. But, is it ever enough? Is there such a thing as having too much money? And, at what expense?

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                  Many wealthy entrepreneurs, millionaires and even billionaires have come to agree that money doesn’t bring you all the happiness in the world. It’s good to have, but it doesn’t truly satisfy all desires. There comes a point where you would have ‘had it all’ and still feel a sense of emptiness: an empty void that needs to be filled, not with money or material possessions.

                  So the question is then, what more is there to life if not for financial stability, status or material possessions?

                  How do we make work a part of life instead of having it consume our life entirely? Perhaps we need to go back to look at the word life itself.

                  What is Your Purpose in Life?

                  What is the nature of life? What does life mean to you? Is there a purpose?

                  If we seek jobs, all we will find are jobs. But if we have a sense of purpose in how we are productive; if we seek a calling, then we will find more than a job. We will find our contribution to humanity and we will find more to life. Would you agree?

                  Research has shown that having purpose and meaning in life increases overall well-being and life satisfaction, improves mental and physical health, enhances resiliency, enhances self-esteem, and decreases the chances of depression. So it should be noted that to be happy in life isn’t always enough, because happiness is a surge of emotions that does not last. Instead, it’s more important to find and have meaning in life.

                  Meaning is not only about transcending the self, but also about transcending the present moment. While happiness is an emotion felt in the here and now, it ultimately fades away, just as all emotions do; positive affect and feelings of pleasure are fleeting. The amount of time people report feeling good or bad correlates with happiness, but not at all with meaning.

                  Have You Been Going on a Wild Goose Chase?

                  Ironically, the single-minded pursuit of happiness is leaving people less happy. “It is the very pursuit of happiness, that thwarts happiness”, according to Viktor Frankl, a famous Austrian Neurologist and Holocaust survivor. Going back to the common example of pursuing riches in order to be happy is exactly what makes many so unhappy.

                  So again, look at the statement “There is more to life than ______.”

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                  Have you answered it meaningfully? If you’ve read on this far, and are now wondering how to take that first step to figuring out what your true purpose is in life, fret not; I’m here to help you reframe your mind and actions, so that you can embark on a journey of finding true meaning to your life.

                  Everything that you can do and accomplish in life are bounded by 7 Cornerstone Skills. These are the true essentials needed to achieve excellence. They’ll put you on a path that gives great meaning and satisfaction in life. And, the best thing of all? They already exist in each of us. We just don’t always make the most of it, or sometimes we aren’t even aware of the power that each of these skills have to help us in life.

                  On it’s own, each skill is unique and can help you through different stages of life, or problems. But as a whole set, these 7 Cornerstone Skills will give you full transformation over any situation. No matter what phase of life you’re in, what you’re striving to achieve, or what feel you’re lacking, your pursuit of meaning in life will be much faster when you’re able to make use of not one, not two, but all 7 Cornerstone Skills.

                  The 7 Cornerstone Skills

                  So let me give you a glimpse into what these 7 Cornerstone skills are.

                  Creativity

                  Creativity empowers you to find unique solutions to problems, and see things in ways that you least expect.

                  It goes beyond the artistic impressions and aesthetics, and is a crucial building block of change.

                  Learning

                  Without Learning, you will not be able to advance and progress in life. Yet, there are many of us who always fall behind not because they don’t have the intellectual ability, but because they don’t know how to learn effectively.

                  Memory

                  And then we have Memory, one of the most vital components, because without that you have nothing to fall back on, nothing to gain from all the learning or experiences that you’re exposed to on this earth.

                  And with an ever increasing amount of information available, how can you store up as much knowledge as you can without overloading?

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                  Focus

                  And with any and everything that you do, a certain amount of Focus is always given.

                  Whether it’s the career ladder that you’ve been climbing, or the responsibility of being a parent, Focus is a flow that allows you to push towards the progress that you’re striving for.

                  Without focus, we find ourselves lost, demotivated and stuck in a rut.

                  Motivation

                  Many of us aren’t happy in life or with our jobs and responsibilities because we lack Motivation, and an overarching purpose as I already mentioned earlier. Motivation helps drive you forward, and gives you the focus achieve your purpose.

                  Habits

                  If you realize, every new day that comes is filled with routines. Whether it’s getting ready for work in the morning, putting your kids to bed in the evening, or setting aside time during the weekends for family time and activities, it all happens as a result of habits that you’ve built over time.

                  Therefore Habits dictate a big part of your life. Pursuing happiness, money or meaning all have a dependency on your habits. If you find yourself being controlled by bad or negative habits, it’s more likely to hinder you from being productive and reaching those goals.

                  Time

                  This also ends up leading to bad use of Time, or poor time management.

                  You might feel like you haven’t built a stable career yet because you lack proper time management. You find yourself spending a lot of time being busy, yet producing little outcomes.

                  Or certain habits might be consuming time that you can be using for other more productive tasks.

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                  Perhaps you’re on your way to retirement, and feel like it’s too late to find new meaning to your life. There’s not much time left to embark on a new journey again.

                  Are You Ready to Live Your Best Life?

                  The simple fact is, that if you can sharpen these 7 Cornerstone skills, you will realize that finding meaning in life, or reaching the goals and ambitions that you’ve set out for yourself, no matter what stage of life you’re in, is very attainable.

                  There is no magical method to having life figured out. The skills have always been there since day 1, you just need to know how to use it to the best of your advantage.

                  And I’m here to show you just how you can do that. Lifehack is all about equipping you with the best and most effective ways to increase your productivity, motivation and focus to achieve true Purpose in life, in as little time as possible.

                  Embark on a transformational journey with us as we show you how to learn and improve your 7 Cornerstone Skills so that you’ll come out a new person, ready to either pursue your existing goals at a much quicker rate, or to find new goals to pursue without being limited by time, age or responsibilities.

                  If you’ve been wanting a change, or been stuck in a rut for a while now, here is your chance to get started on pushing towards progress again.

                  Anyone can transform, anyone can change. Are you ready to live your best life? Click here to start your journey!

                   

                  Featured photo credit: Caroline Hernandez via unsplash.com

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