According to sales coach, trainer and entrepreneur Gaurav Bhagat -- who has been setting goals for himself since he was 16 -- having 'specific and measurable goals' is very important.

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Setting goals is a vital step if you want to do well in life.

Do you have specific goals in mind?

Are you worried that you might fail?

Before you set goals, ask yourself: Is my goal realistic and measurable?

Is there an expiry date, a deadline or timeline, within which I need to achieve them?

Once you have identified what your goals are, write them down.

Goals can be personal or professional, long-term or short-term, performance-based or outcome-based.

According to sales coach, trainer and entrepreneur Gaurav Bhagat -- who has been setting goals since he was 16 -- having "specific and measurable goals" is very important.

It is equally important to set a timeline to achieve your goals and review them from time to time.

In the video below, Bhagat, who is the founder of Gaurav Bhagat Academy, which specialises in sales training, explains how you can set realistic goals and achieve them too.

Here, then, are his five tips:

• Career-related questions? Ask rediffGURUS HERE.