I’ve done it, you’ve done it, we’ve all done it. With the best of intentions, we set big goals for our future: get a work promotion, lose 20 pounds, run a marathon. And too often, we give up a few months later, realizing we bit off more than we could chew. Why? We get enamored with the idea but the execution? Not so much. Goals can seem straightforward, but without a specific plan or realistic milestones, they quickly fizzle out.
The Appeal and Problem of Big Goals
Big goals can quickly inspire us and make us feel like we’re putting effort into forward progress. But goals are only as good as the plans that support them. You can’t build your dream house without an architectural drawing.
New Year’s resolutions are a great example. Every January, we feel compelled to proclaim a grand milestone we’ll achieve to make our lives better—like quitting a bad habit or getting eight hours of sleep. According to a study by Strava, 80% of New Year’s resolutions fail by February. Sounds familiar? That’s because while setting a goal might feel empowering, the lack of planning leaves us with nothing but good intentions.
Taavo Godtfredsen and Samantha Allison, authors of The 5x CEO, studied cohorts of CEOs to determine what made the best leaders and their teams rise to the top. As one portfolio company CEO told them, “Create the strategic outcome that you’re trying to get to and then align your actions relentlessly to deliver it.”
The Danger of Wildly Ambitious Goals
I’m not saying to not set big goals. The mistake to avoid is setting goals that are too big or too vague. For example: imagine deciding that you’re going to lose 30 pounds in two months. First of all, good luck. Second of all, while this is a noble goal, it’s incredibly easy to get discouraged if progress doesn’t come quickly, or if you don’t have a clear path to follow. The goal is so large (or intimidating) that it becomes a demotivator.
A better approach would be to set smaller goals with milestones that you can realistically achieve. Instead of losing 30 pounds, break it down into manageable milestones: lose five pounds in the first month, aim for three workouts a week, and so on. Each small achievement gives a feeling of progress, and the cumulative effect is much more sustainable over time.
Similarly in business, setting a goal to “Be the category leader!” is ambitious and inspiring, but without a step-by-step plan on how to get there—market research, increased sales support, innovative partnerships—it’s just a distant dream. Setting smaller goals within that larger vision (e.g., increase sales by 10% this quarter, build a social media presence, etc.) gives you specific targets to work toward.
Goals Need Plans. Period.
Goals are like the destination on a map, but your plan is the GPS that gets you there. Without that road map, you could be driving in circles. Plans that break down larger goals into smaller, actionable steps make the journey manageable, measurable, and motivating.
I like the example of Sara Blakely, founder of Spanx. As an entrepreneur, she had a big goal: to create a revolutionary undergarment that would change the way women feel about their clothing. But Blakely didn’t just rely on this one big idea. She broke her goal into smaller steps: she spent time learning about manufacturing, secured a meeting with potential investors, and went through the process of patenting her product. Impressively, Blakely started Spanx with just $5,000, but by creating a detailed plan and breaking her vision into incremental steps, she eventually created a billion-dollar business.
Create a Plan That Works
So, how do you turn goals into actionable plans? Try these tips:
- Break it Down: Divide your goal into smaller, manageable chunks. If your goal is to write a book, don’t just aim to “write a book.” Set specific targets, like “write 500 words a day” or “complete one chapter per month.”
- Set SMART Goals: The SMART framework (Specific, Measurable, Achievable, Relevant, Time-bound) is a simple yet effective way to ensure your goals are grounded in reality. Rather than saying, “I want to get fit,” say, “I will work out four times a week for 30 minutes for the next three months.”
- Create a Timeline: Every goal needs a timeline attached to it. Deadlines create urgency and help you stay accountable.
- Eliminate Obstacles: What might stand in your way? Whether it’s time, money, or motivation, identifying potential barriers helps you plan for and eliminate them.
- Track Progress: Regularly check your progress. Are you meeting your milestones? Make adjustments as needed.
The Power of Consistency
Like many things in life, it’s not the grand gestures but rather the accumulation of daily actions that make an impact: the daily writing, the daily workouts, the daily efforts that add up to lasting change. The more you break them down into manageable steps and stay consistent, the more achievable they become.
It’s tempting to set huge, audacious goals, but without a plan to back them up, you risk disappointing yourself. So start small, plan your steps, and stay consistent. It’s the journey—one small step at a time—that leads to big results.