I have three sets of goals going all the time: Life goals, yearly goals and weekly goals. They're all related. Weekly goals flow from yearly goals and yearly goals flow out of my lifetime goals. I compile my list of yearly goals at the beginning of each year, at which time I also revisit my lifetime goals. Weekly goals are sort of to-do lists that keep me on track 52 weeks a year!
These don't have to be business-related goals only. I incorporate leisure and fun into my goals as well. For example, one of my lifetime goals was to visit Europe. In 2005 one of my goals for the year was to travel to Italy. Beginning in January, I incorporated into my weekly goals a stepped-up process of marketing and bidding on contracts to increase my income to fund a travel account. In September of that year, off to Italy we flew!
For 2007, my travel goal is to spend Christmas in England