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In the given scenario, the missing part of SMART goal planning is that it's not specific. Let me break it down for you:
1. Specific: A specific goal is clear and well-defined. In this case, the goal is vague as it does not specify what actions need to be taken to reach the desired outcome of making a billion dollars in the next seven months. It lacks clarity on the steps involved.
2. Measurable: Measurable goals allow you to track your progress. Without clear milestones or metrics mentioned in the goal, it becomes challenging to measure success or progress towards the billion-dollar target.
3. Achievable/Realistic: An achievable goal is one that is feasible and within reach. Making a billion dollars in seven months may not be realistic depending on the current situation, resources, and market conditions. Setting unrealistic goals can lead to frustration and demotivation.
4. Relevant/Exciting: A relevant goal is one that aligns with your objectives and aspirations. While the goal of making a billion dollars may sound exciting, it's important to ensure that it is relevant to your long-term vision and values.
5. Time-based: A time-based goal specifies a deadline for achieving the objective. Although the goal mentions a timeframe of seven months, the lack of a specific deadline within this timeframe (e.g., by a certain date in seven months) makes it less time-based.
In conclusion, the missing part of SMART goal planning in the given scenario is specificity. To improve the goal, it should be revised to include specific actions, milestones, and details to make it more achievable and measurable.
