Business Goal-Setting Template - Excel, Google Sheets
Develop a detailed action plan for your organization by defining your goals and desired results with this free business goal-setting template.
Join thousands of professionals using this resource.
What is goal setting?
Goal setting refers to the process of creating an action plan for guiding your organization toward success. It helps align the efforts of all team members with the company's overall business strategy.
Importance of goal setting
Goal setting is critical to success for organizations, as it shapes the overall strategic approach of the entire entity. Instead of dealing with disjointed plans across different teams, your business brings everyone in the loop by setting organizational goals.
Plus, you can expect several organization-wide benefits:
- Higher motivation: A 2023 Microsoft report found that 50% of employees get motivation and an improved sense of purpose from clear goals. So, you can start off on the right foot by sharing your company objectives with your team via goal setting.
- Easier performance tracking: You can tie goals to key performance indicators (KPIs) and other performance-related metrics to measure the organization's performance over time.
- Efficient resource usage: Goal setting lets you divide your long-term plans into small milestones with deadlines and key results. As a result, you can allocate in-house resources much more efficiently.
Best tips for setting business goals
Setting clear business goals is essential to your organization’s success. Here are some of the best tips to help you set clear and achievable business goals:
- Make your goals SMART: Opt for Specific, Measurable, Achievable, Relevant, and Time-bound (SMART) goals. For example, instead of “increase our monthly sales revenue,” go for “increase the monthly sales revenue of Product A by 8.3% within the next three months.”
- Use a goal-setting template: Rather than creating a goal-setting document from scratch, rely on online templates for ease of use — HubSpot’s free goal-setting template is available for both Microsoft Excel and Google Sheets.
- Break down larger goals: Divide extensive, long-term goals into smaller, manageable tasks. As a result, you’ll have an easier time assigning tasks and more opportunities to adjust if necessary.
Frequently Asked Questions
Business goals are the targets a company wants to achieve in a set period. You can split these goals into short-term and long-term objectives.
For example, you can plan to hire 12 customer service reps before the year ends (short-term) or increase employee satisfaction by 30% in five years (long-term).
You can employ the 5 R's for effective goal setting. The 5 R’s of goal setting are relevant, realistic, results-oriented, resourced, and reviewed. And if your goals tick off these 5 R’s, you can attain the results you need to drive your organization toward success.
A business goal-setting template helps you figure out where you want your company to go and how to get there. It lets you set clear targets, keep everyone on the same page, and track your progress.
Here are some key components to include in your template:
- Specific goals: What exactly does your business want to achieve?
- Measurable targets: How will your company know it's achieving its goals?
- Time frame: When do you want to achieve these goals?
- Responsibilities: Who will do what? Highlight the teams in charge of different parts of the plan.
- Monitoring: How will you keep an eye on progress?
- Collaboration tools: If different teams are working on the same targets, they need tools to help them collaborate.
HubSpot’s free goal-setting template for Microsoft Excel and Google Sheets is 100% free and fully editable. You can make it your own by populating it with your organizational data.
To create a goal-setting plan, download HubSpot’s free goal-setting template. After that, enter your organizational data in the template to define your goals, objectives, results, and respective timelines.
You can also customize the template with your brand's colors and logo.
Related Tags:
See other Business Templates
-
Business One-Pager Template
Use this professional one-pager template to help capture the attention of stakeholders and potential investors when pitching your company.
-
Annual Report Template
This engaging annual report template will help you effectively communicate the activities of your organization to shareholders and others.
-
Business Proposal Template
Use this professional business proposal template to pitch your company to clients, investors, partners, and more.
-
Process Documentation Template
Make sure you're doing everything by the book with this process documentation template.
-
Project Charter Template
Make sure your team is on the same page about the objectives, tasks, timeline, risks, and budget of your project with this comprehensive project charter template.
-
Sales Dashboard Template
Use this free template to learn which metrics drive results before automating with real-time sales software.
-
Project Report Template
Utilize this template to present a project report to your team or executives.
-
RACI Matrix Template
Use the RACI matrix to assign responsibilities to each individual that comes in contact with a specific project.
-
Standard Operating Procedures (SOP)
Describe the how, what, and where of your organizational tasks to employees with this free SOP template
-
Product Roadmap Template
Align your team on the direction of your product with this simple product roadmap template.
-
OKR Template
Use this OKR template to set aggressive, ambitious goals for your company that are tied to key results.
-
Logic Model Template
Make planning and presenting projects a breeze with this free downloadable logic model template for Word and Google Docs.
-
Gantt Chart Template
This Gantt chart template makes it easy to outline your project's key stages, deliverables, and dates.
Get the template for free!
Download Free Template
Available for Excel & Google Sheets