Do you celebrate incremental success?

Entrepreneurs interpret goals and measure success in very different ways. While most people appreciate huge wins, many have difficulty appreciating smaller accomplishments. After all, most of us are conditioned to believe that success in founding a start-up is met only if you sell the company for hundreds of millions of dollars. Many think that success in starting a blog is meaningful only if we have 50,000 subscribers. Some believe that success on Twitter means a minimum of 50,000 followers. Some think that being a successful graphic designer means being able to charge tens of thousands of dollars for a logo.

Setting very high goals is important – we do it as a company at crowdSPRING and I set high goals for myself as an individual. In fact, I believe that it’s impossible to become an industry leader and to innovate unless you push yourself. But setting very high goals can also paralyze because it takes an incredible amount of effort to achieve such goals. And while that effort is ultimately well-spent when you achieve your goals, it does limit what else you can do while you are trying to get there.

Success need not be a zero-sum game. Think of success as an incremental process.

Especially in today’s chaotic economic climate, it’s important to understand how to measure your own success. You should never lower your goals merely because it would be easier for you to meet them. But you should celebrate incremental success. And then you should build on that success, step-by-step.

Goals, Strategies and Tactics

It’s not uncommon for young entrepreneurs to focus on tactics at the expense of also setting appropriate goals and developing core strategies. It’s easy to fall into this trap when you see someone else successfully executing a tactic – and trying to duplicate their success by doing the same thing.

It’s not enough to understand your core business. Without clear goals – and strategies to accompany those goals – tactics could prove to be futile and a waste of time. Here’s why:

If you want to read more about this subject, you might be interested in today’s post on the crowdSPRING blogNew to the world: strategic marketing for startups and small business.

Do you agree that it’s impossible to succeed without clear goals and strategies? Are tactics enough?

Be Better Than You Ever Thought You Could Be

Don Dodge, a Developer Advocate at Google (and before Google, a startup evangelist at Microsoft), wrote a fascinating post a few days ago about ways that Google measures success. In his post, Don talked about Google’s impossible goals:

Google sets impossible bodacious goals…and then achieves them. The engineering mindset of solving the impossible problem is part of the culture instilled in every group at Google… Most big companies set annual goals like improving or growing something by x%, and then measure performance once a year. At Google a year is like a decade. Annual goals aren’t good enough. Set quarterly goals, set them at impossible levels, and then figure out how to achieve them. Measure progress every quarter and reward outstanding achievement.

Don submitted his quarterly goals, focusing on aggressive but achievable goals. His manager said they weren’t good enough because “you can’t achieve amazing results by setting modest targets. We want amazing results. We want to tackle the impossible.”

I’ve been thinking about Don’s post for the past few days. I’ve always set impossible goals for myself – that’s one way I’ve been able to focus and grow – both intellectually and professionally. But while I’m comfortable setting impossible goals for myself, I’m wondering whether many companies could follow Google’s lead and ask their employees to set impossible goals.

Many employees would be uncomfortable with goals that appear unreachable. Based on many conversations with my employees, I understand that discomfort.The discomfort is not unreasonable – and it’s very rational.

If I had the choice, I would choose Google’s approach. I’d rather work with people who set impossible goals and achieve 65% of the impossible. Don Dodge is spot on – 65% of the impossible is, at least for me, better than 100% of the ordinary.

Yet most startups could not effectively emulate Google in setting impossible goals. Google brings many tangible and intangible factors to the table that allow Google to be different. Among many other factors, Google has huge cash reserves – it can weather failure. Google also pays huge rewards for success – so there’s a big reward for those who reach the impossible. Most startups simply aren’t built like that – they have limited funds and limited means to reward success.

But the fact that most startups are not able to emulate Google’s impossible goals culture shouldn’t push startups to focus only on achievable goals. Startups that don’t push their teams to excel are doomed to fail and are often overtaken by more nimble and aggressive competitors.

Rather than ask employees to be better than everybody else and to achieve impossible goals, smart startups could ask each employee to be better than the employee ever thought they could be. After all, the impossible is what nobody could do before someone does it.

Startup Tip: 5 Thoughts About Goals

One common problem for many entrepreneurs is the lack of clear goals. Even if you’re passionate about your startup idea – it’s important to regularly establish clear goals. In this video, I offer five thoughts about setting goals.