UNIT 4 SETTING TARGETS & FACING

CHALLENGES
UNIT 2

Development of entrepreneurship By: Shazia Khan www.altius.ac.in

The path to success is to take massive,
determined action.
Anthony Robbins

If you don’t know

where you are
going, you're likely
to wind up
somewhere else!
Development of entrepreneurship By: Shazia Khan www.altius.ac.in
What is target setting?

• Map
• Process
• Purpose
• commitment
• Plan of attack
• Focus or Targets
• Goals are personal

Development of entrepreneurship By: Shazia Khan www.altius.ac.in

Target/Goal

Goal:
The purpose toward which an endeavor is
directed; an end; an objective.

Goal Setting:
To set or adjust for proper functioning.

Development of entrepreneurship By: Shazia Khan www.altius.ac.in

WHY SHOULD YOU SET GOALS?

• Establish your ultimate destination

• Identify the roads you can take to get there
• Know when you have arrived at your goal

“The person who starts out going nowhere, generally

gets there.”
- Dale Carnegie
Development of entrepreneurship By: Shazia Khan www.altius.ac.in
Why People Do Not Set Goals

Because they ……
• Do not understand the importance of goals.
• Do not know how to set goals.
• Fear of rejection.
• Fear of failure.

Development of entrepreneurship By: Shazia Khan Page 6www.altius.ac.in

WHAT is FEAR

F= False
E= Evidence
A= Appearing as
R= Real

Development of entrepreneurship By: Shazia Khan www.altius.ac.in

Page 7
There are basically 3 types of
GOALS

Long – Term Goals

Medium – Term Goals
Short – Term Goals

Development of entrepreneurship By: Shazia Khan www.altius.ac.in

The Criteria for Setting Goals

SMARTER GOALS
• Specific – Is the goal clear?
• Measurable – Can you objectively prove that you have met
the goal?
• Adjustable – If you achieve the goal sooner than anticipated,
can you increase the intensity or conversely, does it need to
be scaled down?
• Realistic – Do you really believe that you can do it?
• Time-based – Have you set a realistic date to meet the goal?
• Exciting – Will it be fun?
• Rewarding – Can you see the reward for achieving this goal?

Development of entrepreneurship By: Shazia Khan www.altius.ac.in

Set a Time - Estimate

G
R
A
D
Long - Term U
A
T
I
Time Estimate Year After O
N

Development of entrepreneurship By: Shazia Khan www.altius.ac.in

Medium – Term Goal

Papers/ Course Which must be passed

This year
Next Year
Year After

Development of entrepreneurship By: Shazia Khan www.altius.ac.in

Short Term Goals

Passing Assignments
Passing Tests
Pass Exams

Development of entrepreneurship By: Shazia Khan www.altius.ac.in

WHEEL OF BALANCE
Directions:
1. For each area of your life, circle the number that indicates how satisfied you are
in that area -- on a
scale of 1 to 10, 10 being completely satisfied, and 1 being completely unsatisfied.
2. Alternatively, you can score based on how invested (time, energy, resources)
you are in each area
3. Connect the dots -- connect the numbers you have circled to form a new
“wheel”

How balanced is your life?

Development of entrepreneurship By: Shazia Khan www.altius.ac.in

Development of entrepreneurship By: Shazia Khan www.altius.ac.in