You’ve probably done it before. Started a year brimming with eagerness, chock full of good intentions. Then about February 5th, sometimes sooner, you run out of steam. Things aren’t looking as good as you thought they would. Maybe this year is going to be too much like the last year. And the year before.
It doesn’t have to be that way. Each year of your life CAN be better than the last, and your business can grow each year, no matter what the economy. Here are some tips to make this your best year ever!
1. Set goals, and write them down.
Sound basic? It is, but only about 5% of the population has written goals. Interestingly enough, only 5% of business owners ever break six figures. Hmmm… Studies have shown that those who write down their goals are 93% more likely to achieve them. That’s worth being basic!
2. Create a ‘why’ for each goal.
Why do you want that particular goal anyway? What will you have or be when you get it? If you have a compelling ‘why’ for each goal, you’re more likely to be motivated to achieve it, even when it gets challenging.
3. Remove any goals that are ‘shoulds’ rather than ‘want to’ goals.
It’s time to get real. If you’ve been trying to lose that last 10 pounds for the past 10 years, it’s not enough of a priority for you. Let it go, and don’t waste energy trying to create something you’re not motivated to do.
4. Consider setting ‘process goals’ rather than ‘result goals’.
A ‘result goal’ is based on a result, for example ‘I will earn $100K this year.’ A process goal is based on actions you take, such as ‘I will make 5 phone calls a day to prospective clients.’ Setting process goals can keep you on track and persevering in the face of challenges.
5. Be realistic about your goals.
If you made $20,000 last year, setting a goal to make $500,000 this year is likely to set you up for failure. While it is possible, as an entrepreneur, to dramatically increase the amount of money you make from year to year, you want to set goals that keep you empowered, knowing they are possible. Stretching you a little is great, but have a good idea about how you might get there so you’re motivated to act.
6. Track your progress.
As a business owner, you should be looking at your books at least once a month. Paying that kind of attention to all of your goals – your financial goals, marketing goals, sales goals, and personal goals – can keep you from panic and having to take frantic action to stay solvent.
7. Celebrate every success.
Business is filled with ups and downs. As humans, we’re wired to focus on the negative, the painful, and what’s not working. When you put attention on, and celebrate what has worked, not only do you feel better, but you may be able to see more possibilities to create continued success.