Goals provide direction in Long-Term planning , as well as, day-to-day operations.

Specific Goals Goals – Balance Sheet - Financial Records - Income Statement - Cash Flow - Identifying & Evaluating the

Operation -

Goals help all members of the business pull together in the same direction.

Based on your values What is important in your life?

Time dependent

Long-range (ten years to a lifetime)

Intermediate(two–ten years)

Short-range (one-two years or less)

Written, but written in pencil Values & priorities change Other people’s values and priorities change We do not live in a vacuum

broad statements that show where you want to be after a certain period of time make a profit every year (be more

specific)Increase profit by 10% in 3 years

increase grain sales by 12% over 5 years

Soils testing

Improved variety

1. provides "road map”2. distinguishes between goals & objectives3. makes it easier to get where you are going4. prepares you to meet the future5. you see the big picture & focus on critical

relationships6. gives you purpose and direction 7. frees you from worries and uncertainties

about where you are headed

Your personal goals (what do you want to happen)

Goals in writingSMART Goals

Specific Measurable Attainable Realistic/Reasonable Timed or Timely

Set a deadline target dates time limits

Goals should be compatible with each other

Complement ( completion leads to another)

Business And Family Goals Record keeping system Know your costs of production Know what you produce Analyze for results Make adjustments needed Evaluate change

Often, goals can conflictPersonal vs. FamilyFamily vs. BusinessBusiness vs. Business

CommunicationFirst step in making goals compliment each other

Personal Family Business

Eat healthier meals Spend 10% less on clothing

Explore an alternative crop

Get more physical exercise

Attend church regularly Learn about commodity marketing

Attend at least 50% of grand children’s activities

Take a family vacation Fertility test bulls

Personal Family Business

Serve on soil conservation board

Save for children’s college education

Build a new shop

Buy fewer but better clothes

Buy new family car Rent/own 160 acres more grassland

Train a bird dog Get a new roof on house

Get larger tractor

Personal Family Business

Live a Christian Life Always celebrate Christmas together

Retire without any debt

Be good parent Be a good neighbor Have 200 herd mama cows

Live to be at least 80 Have a retirement account

Plant poorer tilled ground to grass

Goals are based on values Goals can be personal, family, and

business Goals are short term, intermediate, and

lifetime Goals should be written Goals should be feasible Written goals give direction

1. 2. 3. 4. 5. 6. 7. 8.

1. 2. 3. 4. 5. 6. 7. 8.