I can’t quite believe that 2016 is over already but 2017 is here and I’m pretty confident that, like me, you want to make it the best you possibly can. Whether that be personally or professionally, you need to make a plan to follow in order to get there.
Yes, I know you’ve been told over and over that you need to set goals and follow them. You know you should but you never quite get around to it do you? Believe me, I know the feeling! This year I’m going to do things differently in my business and that’s because I’ve seen time and time again the difference in the level of success between those that plan their goals and stick to them versus those who just get on with things on a day to day basis. It’s REALLY important that you take the time to work ON your business and not just IN it. If you’re working in it all the time you end up reacting to what happens each day and you’ll never plan how to take the business to the next level and grow.
So how do you work out what your goals are? There’s nothing harder than starting with a blank piece of paper I know so here’s how I do mine which will hopefully help you ( I used the mindtools website to help me in this fyi)….
Firstly, goal setting is an important method of:
- Deciding what you want to achieve in your life.
- Separating what’s important from what’s irrelevant, or a distraction.
- Motivating yourself.
- Building your self-confidence, based on successful achievement of goals.
Starting to Set Personal Goals
You set your goals on a number of levels:
- First you create your “big picture” of what you want to do with your life (or over, say, the next 10 years), and identify the large-scale goals that you want to achieve.
- Then, you break these down into the smaller and smaller targets that you must hit to reach your lifetime goals.
- Finally, once you have your plan, you start working on it to achieve these goals.
This is why we start the process of setting goals by looking at your lifetime goals. Then, we work down to the things that you can do in, say, the next five years, then next year, next month, next week, and today, to start moving towards them.
Tips for creating effective goals…
- State each goal as a positive statement – Express your goals positively – “Execute this technique well” is a much better goal than “Don’t make this stupid mistake.”
- Be precise: Set precise goals, putting in dates, times and amounts so that you can measure achievement. If you do this, you’ll know exactly when you have achieved the goal, and can take complete satisfaction from having achieved it.
- Set priorities – When you have several goals, give each a priority. This helps you to avoid feeling overwhelmed by having too many goals, and helps to direct your attention to the most important ones.
- Write goals down – This crystallizes them and gives them more force.
- Keep operational goals small – Keep the low-level goals that you’re working towards small and achievable. If a goal is too large, then it can seem that you are not making progress towards it. Keeping goals small and incremental gives more opportunities for reward.
- Set performance goals, not outcome goals – You should take care to set goals over which you have as much control as possible. It can be quite dispiriting to fail to achieve a personal goal for reasons beyond your control!
In business, these reasons could be bad business environments or unexpected effects of government policy. In sport, they could include poor judging, bad weather, injury, or just plain bad luck.
If you base your goals on personal performance, then you can keep control over the achievement of your goals, and draw satisfaction from them.
- Set realistic goals – It’s important to set goals that you can achieve. All sorts of people (for example, employers, parents, media, or society) can set unrealistic goals for you. They will often do this in ignorance of your own desires and ambitions.
I hope that helps you as much as it has helped me. Property is no different to any other business if you want it to give you the financial freedom it has given me. As always, if you want to chat about property investing or anything property related then I’m always available for a coffee or a call. Please do just drop me an email at email@example.com and I’ll help where I can.
Best wishes for a prosperous 2017,