To enjoy more success as an entrepreneur, it’s important that you plan ahead and visualize your future Not just once a year but daily. It’s also important to set big goals that get you excited and pumped for success.
But how do you set ‘em? Let’s take a look …
There are 4 pillars of effective goal setting….
#1 Set Goals That Motivate You
I remember reading a book by Tony Robbins.
In it, he asked the reader if they thought it was easier to make $20,000 in a year or $100,000.
He argued that it’s actually easier to make $100,000 in a year because it motivates us more. It’s something that excites us.
Before you set any goal, make sure it practically makes you froth at the mouth as you think about it. If it doesn’t it’s a) not amazing and b) you’ll probably give up after a few days/ weeks.
If you’ve attended our Wealth Connect event you know that we aim to set huge goals and we back those goals with even larger amounts of action!
#2 Make Your Goals Achievable
I want a Jet. (I’m going to get it…and I want you to have one too right beside me)
But how am I going to go about achieving that?
To make sure any goals we set aren’t just pipe dreams, we must make it achievable.
Your brain is probably going, no Annetta a Jet is a pipedream…and it’s unrealistic for me.
Any goal is achievable, we just have to break it down into smaller goals.
For example, if I want a Jet, I’m going to have to work smart to get it. So, I…no we must create a series of goals designed to get us into a financial position that will allow us to get that jet. These goals will include income goals (multiple streams), as well as savings goals.
Any goal you set must be amazing, but it must also be attainable. Otherwise, you’ll fall short and get frustrated. Make your goal attainable by breaking it down.
#3 Be Specific
Let’s say you want to lose weight. If you simply say “I want to lose weight!” nothing much will happen.
Because you haven’t been specific. How much weight do you want to lose? Maybe you want to lose 20 pounds over the course of a year. If so, I can then aim to lose 1.6 pounds a month. Bingo!
As an entrepreneur, you have to get specific with your goals. If you want to increase conversions, give it a percentage. Nail the numbers. Once you do that, you can then create new goals once your old ones have been smashed, too.
#4 Set Relevant Goals
Any goal you set should be relevant to where you’re at in life right now. If it isn’t, you’ll fritter time away on goals that aren’t taking you forward.
For entrepreneurs, this is especially important. Time is of the essence. Take a look at your past mistakes and consider what you need to do to move forward. Consider where you’re at now and what you want in twelve months’ time. Where do you want your business to be? What does it need?
What do you want your personal life to look like, too? Maybe you’re striving for a better work-life balance.
You want to set amazing goals, but they still need to be incorporated into your long-term plans so that you get closer to where you want to be.
Otherwise, you might be left thinking “why on earth did I set that goal?”
Which is pretty much what would happen if you set a goal that has nothing to do with your mission/purpose.
All successful people set goals. Unsuccessful people, on the other hand, might set goals – but they don’t know how to set them. Which leads to having to set the exact same goal again…year after year.
I want you to move forward and make your dreams a reality, so set some amazing goals and then plot a way to achieve them.
I don’t want to have to come looking for you if you don’t!
For my nonbelievers let’s breakdown the finances of buying a Jet…because I want to demonstrate just how realistic this goal actually is.
Alright, let’s say we want to buy a Gulfstream G200.
Total Cost = $4,250,000
Sounds like a lot right….
Let’s say you save for this jet over 5 years.
That’s $7k / month you would have to save to buy in cash…if you want to go that route.
Now let’s say you have 5 income streams.
(1) Consumer Real Estate
(1) Commercial Real Estate
And let’s say your total monthly revenue after taxes is $40,000/m
If your living expenses for modesty purposes is $10,000/m
You’ll have $30,000 per month to invest/save/put towards your jet!
Keep in mind you only need $7k to buy.
Which is all totally doable by the way!
I just wanted to run the numbers because I want you to think BIGGER when it comes to setting goals!
Now apply this same break down to your revenue streams and you will get there if you put in the work!
I want you to take a goal that you have set, multiply it, break it down, and get to work!
Let’s go! 2020 is around the corner!
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I wrote an entire book just for you! Here