Goal setting is a popular topic that gains more attention during this time of the year. While you may find it exciting, others may view it as a total snooze fest. Simply setting goals does not guarantee success for your business. You have to take action and implement them to get the results you want. You’re also going to want some accountability along the way.
Begin with Asking Questions
Asking the right questions can make a difference in the quality of answers you receive. This is especially true when you’re planning for the future and setting achievable goals for your personal or professional life.
You want to ask better, more insightful questions to unlock your potential and set yourself up for future success. So, how do you do this?
When setting annual goals, ask yourself the following questions.
#1 – What worked well for you last year?
#2 – What didn’t work well? What did you not accomplish?
#3 – What are some things you need to do differently?
#4 – What are your goals and desired outcomes for the present year?
#5 – What is the vision for your business and finances beyond this year?
By starting with the end in mind, you can break down your ultimate goal into smaller, more attainable objectives. This method allows you to reverse engineer your desired outcome and design a plan of action that will help you achieve success.
When you celebrate your achievements, it helps get you motivated to achieve more. No matter how small or big the accomplishment is, it deserves a moment of celebration, such as doing a fist bump, going out to dinner, or treating yourself to a spa day to celebrate.
We, as humans, often feel a sense of satisfaction when we see progress, which in turn leads to happiness. Therefore, it is essential to acknowledge even the slightest progress made and celebrate it along the way. This will increase your level of happiness. Reviewing and appreciating your accomplishments will provide you with the necessary motivation to keep pushing forward towards you goals.
What are you telling yourself?
What are you telling yourself, particularly in the areas where you fell short? We are often our harshest critics, but we need to take a look at where we fell short and understand why so we can learn from the experience and not make the same mistakes. If you wouldn’t talk to your best friend like that, then don’t say it (or think it) yourself.
Remember, all of your dreams are on the other side of your comfort zone, so it’s time to start challenging ourselves to reach our full potential.
Expand vs Contract
Expand this year by surrounding yourself with like-minded individuals who share your drive and ambition. This can be done by joining a mastermind group, a success-focused Facebook community, or creating your own circle of motivated individuals.
Growth and success come from stretching yourself beyond your current limits. With persistence and determination, you can achieve your real estate investing goals and become the best version of yourself.
7 Simple Steps of Goal Setting
Here are seven simple steps to take when setting powerful goals:
#1 – Result
What do you aim to accomplish? Having a clear goal will help you make it a reality. Without clarity on what you are trying to do and where want to be, you will lose focus and invite distractions into your life.
#2 – Purpose
When setting a goal, it’s important to understand the reason behind why you want to achieve it. This is known as your “why.”
Your “why” will help you stay motivated and focused on your goal. Take some time to think about who will be impacted by the outcome of your goal and what emotions are attached to it. Remembering your why will help you pick yourself up and keep going when you fall down along the way.
#3 – Action Plan
Create an action plan. Consider the various tasks and actions required to reach your goal. To begin, it can be helpful to do a “mind dump” of all the ideas and tasks that come to mind. Then, remove everything that doesn’t need to be done and organize the tasks into a logical order, breaking them down into smaller, more manageable steps with due dates. This ensures you stay on track and make steady progress towards achieving your goals.
#4 – Prioritize
When you have a list of tasks that need to be completed, it can be overwhelming to figure out where to start. Determine which tasks should be completed first. This is a sure-fire way to ensure you’re making progress towards your goals and spending your time in the most effective way possible.
#5 – Time Management
Time management is an essential aspect of productivity. To effectively manage your time, it is important to set specific deadlines for your tasks. Add your tasks to your calendar. By scheduling your tasks, you are creating a visual reminder of what needs to be done, and when it needs to be done. This increases the likelihood of completing your tasks on time. Remember, what gets measured gets done.
#6 – Leverage
In essence, leverage is the act of recognizing what kind of assistance you require to accomplish your objectives. The best thing you can do is to grow your network and leverage those relationships for your (and their) success. Leverage can include your network, social media, meetups, the community at Ohana Investment Partners, or even a specific software or technology. What do you bring to the table and what do you need them to do?
#7 – Execution and Course Correction
It is important to consistently take action towards your goals every day.. Keep track of your progress as you work towards your goals and pivot when necessary to stay on track.
The 4 Things That Will Change Your Life
These four S-words are crucial in keeping yourself on track and monitoring your progress.
#1 – State
Frequently evaluate your state of mind.
#2 – Story
Check your story or what you’re telling yourself.
#3 – Strategy
Ensure you’re staying committed to your strategy.
#4 – Standards
Have clearly defined goals and make sure any investments meet those parameters.
Thinking Big And Setting Goals to Get There
Setting powerful goals for your investments is an essential step towards achieving success. It is crucial to have realistic goals and a strategic plan in place to get there. By doing so, you can design the life of your dreams. Tony Robbins says, “most people overestimate what they can do in a year, but they underestimate what they can do in a decade.”
This means that people tend to overestimate their abilities to accomplish things in the short term and underestimate the impact of their efforts on a long-term basis. Similar to investing money, your investments in real estate will compound, and you’ll experience an upward trajectory of success. It’s essential to celebrate your accomplishments, no matter how small they may seem, and continue to strive for more significant milestones in the future.
Remember, what you’re dreaming of can be yours, and it all starts with setting powerful goals and taking action today. So, go out there and conquer this year, the next, and beyond!