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The Power of Goal Setting
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If you are like most people, at the start of each year you’ve probably thought about (and maybe even told others) your resolutions for the new year. But do you made any New Year’s resolutions for your business? Resolutions are just another form of goal setting and from my experience setting goals and having a process to track your progress against these goals is one of the most important factors that determines your business and personal success. But it’s amazing how many people in business don’t set goals and are just happy (or unhappy in a lot of cases) to stumble through the year. There is an often quoted study that was conducted on Yale University’s class of 1953. The graduating students were asked how many had written, specific goals for their future. The answer was just 3%. Twenty years later, researchers went back to these students and found that this 3% had accumulated more wealth than the remaining 97% combined! This is a great example of the power of goal setting. In his book Think & Grow Rich, where Napolean Hill studied the success principles of over 500 highly successful business people, he also highlights the ability to dream big and set goals as the key factor to success. A great quote from the book is “Whatever the mind of man can conceive and believe, it can achieve”. So grab a piece of paper, divide it into 3 columns and label these 5 Years, 12 Months and 90 Days. Close your eyes and think about what you want your business and life to look like in 5 years time – don’t be afraid to DREAM BIG. What will your business premises look like? Where will you be located? How many team members will you have? How will they interact with each other and your customers? What is your relationship like with your family and friends? Now fill out the sheet with your goals for the next 5 years, your goals for the next 12 months and lastly your specific goals for this quarter. Try to be specific – how many new customers, what is the dollar value of your monthly sales, etc. There are some tools below to help you with this process. This quick 15-20 minute exercise will provide you with renewed focus and a positive outlook for the year ahead. If you need any help in applying these to your business then feel free to contact us. Now, get ready to kick some goals… Goal Setting ToolsDream Builder document - this will take you through the principles of DREAMING BIG, visualising your 'ideal life' and then coming up with positive statements to affirm your belief that this ideal life is possible. A great exercise to do with your spouse/partner...ActionCOACH Dream Builder.pdf 5 Year and 12 Month Goals sheet - a simple sheet to capture your business and personal goals for 5 years and the next 12 months... 5 Year 12 Month Goals.pdf Top 10 Goals sheet - this sheet allows you to list your top 10 goals for the next 90 days and the 5 actions needed to achieve each goal. You can then prioritise these goals and you'll have a simple plan to refer to for the next 3 months in your business. Top 10 goals_next 90 days.pdf |
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