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As you work on your business plan, a best practice with the goal setting exercise is to create “SMART” goals: Specific, Measurable, Achievable, Relevant and Time-bound. The same approach also is helpful when creating your firm’s technology goals, either as a standalone objective or as part of a larger initiative within your business plan. This is especially important when the “success” of the technology goal could be significantly influenced based on subjective opinions rather than on more concrete data and objective information.

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