So you have some goals to set for your company, a campaign for which you're raising money or a personal project or undertaking. Setting goals can be exciting, but how do you know where to set the bar?
Perhaps what you need is a target goal (what you genuinely need to achieve success) and a stretch goal (what you hope to achieve to surpass your own version of success).
Let's dive into what is a stretch goal, when you should use stretch goals, as well as the pros and cons of stretch goals.
Wondering, what is a stretch target or a stretch goal? A stretch goal is, simply put, a goal that exceeds your actual target. Stretch goals are the objectives that you set that aim to push you, your company or your campaign, further than you actually anticipate. The stretch goal you set is often assumed to be an impossible feat because it's so ambitious — or it'd at least set a new record for you if you can, indeed, achieve it, since you have never done it before.
Stretch goals push you or your team out of your comfort zone and are helpful because they can help you or your team to realize bigger and better wins.
There are tons of times to set stretch goals. You can set stretch goals in any of the following circumstances (as well as other situations in your work and life). So, what are the types of goals?
There are pros and cons of setting stretch goals in any area of your life.
The pros of setting stretch goals include the following:
The cons of setting stretch goals include the following:
Whether you and your team are setting a stretch goal for a project at work, a campaign for which you're raising money or you'e doing it for a personal project or undertaking, just make sure to be realistic. After all, your stretch goal should still always be a "SMART" goal. SMART goals are Specific, Measurable, Achievable, Realistic and Timebound in order to help you and your team create a concrete plan of action to achieve success.
AnnaMarie Houlis is a feminist, a freelance journalist and an adventure aficionado with an affinity for impulsive solo travel. She spends her days writing about women’s empowerment from around the world. You can follow her work on her blog, HerReport.org, and follow her journeys on Instagram @her_report, Twitter @herreport and Facebook.
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