RISK MANAGEMENT: GOAL SETTING To insert your company logo on this slide From the Insert Menu Select “Picture” Locate your logo file Click OK To resize the logo Click anywhere inside the logo. The boxes that appear outside the logo are known as “resize handles.” Use these to resize the object. If you hold down the shift key before using the resize handles, you will maintain the proportions of the object you wish to resize. Submitted by Darrell Boatright Modified by Georgia Agriculture Education Curriculum Office June 2007

WHAT ARE GOALS? Broad Statements That Show Where You Want To Be After Some Period Of Time

EXAMPLES OF GOALS MAKE A PROFIT EVERY YEAR INCREASE SIZE OF YOUR FARMING OPERATION BECOME FINANCIALLY INDEPENDENT RETIRE AT 65

ADVANTAGES OF GOAL SETTING –PROVIDES A ROAD MAP TO WHERE YOU ARE GOING –YOU SEE THE BIG PICTURE –GIVES PURPOSE AND DIRECTION TO DECISIONS AND ACTIONS –FREE FROM UNCERTAINTY AND WORRYING ABOUT WHERE YOU ARE HEADED

DISADVANTAGES OF SETTING GOALS IT TAKES TIME TO DECIDE ON GOALS DIFFICULTY IN DECIDING ON GOALS LACK OF CONFIDENCE NEGATIVE ATTITUDE

GUIDELINES FOR SETTING GOALS GOALS SHOULD BE YOURS GOALS SHOULD BE WRITTEN GOALS SHOULD BE REALISTIC AND ATTAINABLE GOALS SHOULD HAVE TARGET DATES

TYPES OF GOALS SHORT-TERM Achieved in less than one year INTERMEDIATE -TERM Achieved between one and ten years LONG-TERM Require more than ten years to achieve

Goal Categories FAMILY PHYSICAL MENTAL SOCIAL VALUES CAREER FINANCIAL

Factors That Determine Goal Priorities DOLLAR VALUE - ($100 Decisions Vs. $100,000) TIME (Has time been spent wisely?) ORDERLY SEQUENCE (Complete most important goal first)

TECHNIQUES IN REACHING GOALS REVIEW GOALS ANNUALLY USE TIME AND EFFORT WISELY ORGANIZE “THINGS TO DO” WORKLIST MODIFY GOALS AS RESOURCES CHANGE

ABC’S OF GOAL SETTING A – ATTAINABLE B – BELIEVABLE C – CHALLENGING

SUMMARY THREE TYPES OF GOALS: SHORT-TERM – LESS THAN 1 YEAR INTERMEDIATE – 1-10 YEARS LONG-TERM – MORE THAN 10 YEARS

ONE LAST THOUGHT IF YOU WERE GIVEN $100,000 TODAY WHAT WOULD YOU DO? PLAN FOR TODAY AND THE FUTURE!