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SMART Goals and Simplifying Record Keeping

Financial Literacy

Young, Beginning, Small & Veteran Farmers

Ensure you have obtainable goals that will take you to a new level. Whether personal or professional goals, it is important to set yourself up for success!

Record keeping can be a daunting task. Finding the perfect record book that fits your needs can be overwhelming. However, record keeping is an essential aspect of a well-established business. Record keeping lets you know exactly how much, when, and where things are! Farm Credit of the Virginias offers a hard copy record book and an Excel document you can find here! The Excel version is a great resource, especially if multiple people need to input information. It also can do the math for you!

One way to be consistent with record keeping is to first incorporate well-thought-out SMART goals. Setting a SMART goal can allow you to stay on track for a longer period of time.

What is a SMART Goal?


  • What are you trying to achieve? Who will be involved? Why do you want to set this goal?


  • How will you know you have met your goal? What are the signs of success?


  • How realistic is your goal to be achievable in your time frame? What skills do you have to contribute to achieving this goal?


  • Why is this goal important? What area of my business does this goal relate to?


  • What is your deadline date? Should you have progress check in dates?

Record keeping can start off very strong and organized and then begin to taper off. Try making record keeping a SMART goal.

Your goal could be: I will update the Farm Credit of the Virginias Recordkeeping Excel sheet every Friday at 4:00 p.m. to keep track of my income and expenses.

This goal is specific, measurable, achievable, relevant, and time-bound!

Don’t let record keeping fall to the wayside. Write out your goals and expectations and make your efforts SMART!

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