S.M.A.R.T. Goals
The 'S' in this acronym stands for this characteristic, meaning the goal is not complicated.
Simple
This planning horizon covers a period from one to five years and serves as a bridge between long-term goals and day-to-day operations.
Mid-term planning
This process is the mechanism by which entrepreneurs judge their actions and, if progress is behind expectations, may apply a form of self-punishment.
Self-Evaluation (or Self-Consequation)
The 'M' stands for this, indicating a goal should be quantifiable with an "exact figure."
Measurable
The planning process is considered the bridge between an entrepreneur's goals and their actions.
Planning
The three facets of Personal Initiative are being self-starting, persistent, and exhibiting this behavior by acting before problems arise.
Proactive
Choosing the highest possible goal you are still committed to satisfies this letter's requirement.
Achievable
This document is a schedule that highlights the steps and milestones remaining to be completed before a business can launch.
Development Plan
This legal principle, contained in Article 19 of the Civil Code, dictates that rights must be exercised responsibly and never abused.
principle of abuse of rights (or abuse of right)
This letter means the goal must be something you can and want to achieve.
Realistic
This essential component of a Development Plan highlights the steps and major points to achieve on the way to getting the business running.
Milestone
This facet of entrepreneurial behavior implies that goals and plans are protected against setbacks, frustrations, or disturbances.
Being Persistent
The 'T' in this acronym, which requires an exact date for goal achievement.
Time-bound
This specific type of plan (often called Plan B) is developed for possible problems or barriers to ensure the continuation of goal achievement even if the initial action proves inadequate.
Back-up plan (Plan B)
This phrase summarizes the entrepreneurial necessity to be self-motivated, proactive, and accountable for turning ideas into reality through purposeful decisions.
Take Control and Responsibility
This core concept of the module is defined as being self-starting, proactive, and persistent in pursuing goals.
Personal Initiative