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Goal Setting vs. Business Planning

Reblogger Patrick White
Real Estate Broker/Owner with Home Driven Realty, Inc

ActiveRainmaker Pam Crawford writes an excellent blog on the diffence between goal setting and business planning and the importance of each.

To quote Pam, " A goal with out a plan is as useless as a plan with out a goal.  However, when you put the two together, you have a winning tool!!!".

Thanks for sharing Pam. Have a great day.

Original content by Pam Crawford

Goal Setting Vs. Business Planning

 

It's that time of year where people are reflecting on the year gone by, and trying to figure out what they will be doing next year.  They are setting their New Years Resolutions sort of speak, only for their business.

 You quite often hear people this time of year state they are doing planning; only to find out they are really setting goals. "What is the difference?" you may ask.

 

business planGoal A goal is a projected computation of affairs that a person plans or intends to achieve. It is similar to purpose of aim.  A goal is the anticipated result which guides reaction, or an end which is the object.

 

A plan is typically any procedure used to achieve an objective. It is a set of intended actions, through which one expects to achieve a goal.

 

In order to do Business Planning, you start with goal setting.  Once you identify the desired outcome, you develop the plan to achieve them. 

A goal with out a plan is as useless as a plan with out a goal.  However, when you put the two together, you have a winning tool!!!

THIS BLOG WAS BROUGHT TO YOU BY:

Pam Crawford, ABR,e-PRO®,CRS,CDPE,LMC
Owner, REALTOR®, Managing Partner, MBA, BSBA
RE/MAX Professional Associates


(508) 885-5556
(774) 272-2608 cell
(508) 784-0503 fax
e-mail: PamCrawford@CrawfordRealtyTeam.com
www.PamCrawford.com
www.CrawfordRealtyTeam.com

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Data Source: Multiple Listing Service of Long Island

Information deemed Relable but not Guaranteed.

All photos and written content were produced by Patrick White. All Rights Reserved. This content may not be reproduced or reprinted, except for Active Rain Re-blogging, without express written  permission of Patrick White, REALTOR®, Home Driven Realty, Inc., Baldwin, New York.

Patrick White, IMSD, e-Pro, RSPS, SFR, SRES, Realtor
Licensed Real Estate Broker

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Home Driven Realty Inc
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Bill "Waz" Wasowicz
Wizards of Waz Real Estate - Maricopa, AZ

Very true. It's very easy to establish a goal, lofty or not. But unless you put togethyer a solid business plan, you have no way of knowing if the goal is obtainable OR if in fact you may have set your sights a little short.

In addition to building a plan, it is critical to review it periodically along with your goals to make sure that they align. If not, mid course adjustments may need to be made.

Dec 30, 2010 12:28 AM
Diane Osowiecki
Diane O and Friends - Benchmark Realty - Franklin, TN
Greater Nashville Real Estate

That's why we have maps and GPS.  The map is the plan and the destination is our goal.

Dec 30, 2010 12:31 AM
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Thank you for reblogging the post. I am working on  my goals for 2011.

Dec 30, 2010 12:36 AM
Madonna Moody
RE/MAX FIRST Jeffersonville, Indiana - Jeffersonville, IN
Realtor - Southern Indiana

Awesome post.  Never really looked it as a two set process. 

Also Diane love the map and destination analogy. 

Dec 30, 2010 01:06 AM
Paul Gapski
Berkshire Hathaway / Prudential Ca Realty - El Cajon, CA
619-504-8999,#1 Resource SD Relo

they are so important and to have them written down and visualize is equally important. I believe you have to have a way to measure your progress.

Jul 25, 2011 08:18 PM