It’s just about that time of year when people start to sober up and think about reneging on all of their New Year’s resolutions or changes that they were planning to make in the upcoming year.
For most, the resolutions are probably not that life-changing, and many of the masses want everything to change without really changing anything themselves. But as one of my favorite philosophers on personal development, Jim Rohn, always says, “Work harder on yourself than you do on your job.”
He also says, “Success is something we attract by the person we become.”
For some, success is a number, like money or assets. Maybe it’s happiness, financial freedom, or just not having too much responsibility. Let’s face it: Success means different things to different people.
But we can all agree that this is the time to reflect on the year that has gone by and to think about the future. It’s a great time to think about making adjustments. Maybe it’s time to join a new group and change our network. Maybe it’s time for some new habits, whatever those may be. Perhaps you want to start a new diet or a new exercise regimen.
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Creating Personal Goals
When I work on my personal goals, I like to utilize the goal sheet from Jack Canfield, of Chicken Soup for the Soul fame, as he provides these seven categories:
- Recreation and Free Time
- Physical fitness and Health
- Community Service, Contribution, and Legacy
These categories give me a good place to start, and I’ve been using this format for many years. It’s great for those of us who sometimes don’t know what we want to start thinking about in the upcoming year.
Over the last several years, when it comes to planning for business, I’ve been fortunate to have a coach who’s helped me and my partners with our corporate forecasting. Also, a great book that helps with this is Verne Harnish’s Mastering the Rockefeller Habits. Not only does the book encourage the old Jim Collins theory of having a BHAG (Big Hairy Audacious Goal), but it insists on doing what John Rockefeller did.
He made it a point to know the top five things to achieve not only for a three-year plan, but also as far as one-year and quarterly goals, as well as having some critical numbers and key performance indicators (KPIs), in order to evaluate and measure himself and his business as he headed down the path towards success. This may sound easy, but once you complete this type of strategic plan, you are going to be much more laser focused on where you and your organization are going.
After having a three-year plan, maybe you can then look out as far as 10 years, and then maybe you can even start to think about retirement and how you plan to replace your earned income. If you can do this type of detailed planning, it becomes much easier to be grateful for the things that you have while on your way to getting the things that you want. I like to think that it’s worthwhile to be ambitious but content along the way, as opposed to being ambitious and greedy.
So, as you think about how much money you want to make this year, how many deals you want to do or buy, or how to make your real estate investing easier, maybe it’s time to think about what you plan to do to be more successful in 2016. Feel free to share!
Have you created goals for the year? How would you fill out the seven categories above?
Leave a comment below!