Just like we make our own new year's resolutions and set our own goals, business owners set goals to keep themselves and their staff on track to make sure they achieve what they want to every year. Things like staying within a set budget, working on and completing projects, or enhancing customer service are some goals that may be set.
The thing is once you set your goals, the key is to stay focused in order to achieve them. Be reasonable and set goals that are attainable. Develop processes and monitor your progress on, say, a monthly basis. If you don't set goals, where are you going? If you set a goal but aren't making the progress you expect, don't give up. Re-evaluate the process and modify it to make it more manageable. If you give up on goals, how are you ever going to achieve the success in your business that you want.
I found an article written by Michael Hyatt that is worth reading. He highlights an effective goal-setting system that can be your guide towards setting goals and sticking to the processes to achieve them:
Why Should You Bother Making New Years Resolutions?
They don't really work. Here's what to do instead.
Article by Michael Hyatt
New Year’s resolutions are as old as time, but that doesn’t mean they’re very effective. It only takes a day or two into January before the #resolutionfail hashtag starts trending on social media.
Roughly 200 million Americans make New Year’s resolutions at least some of the time, according to research by the University of Scranton. But the same research says most of us are wildly unsuccessful.
Many of us only stick it out a while. A quarter bomb in the first week. A third don’t make it past the first month. Fewer than half are still plugging away after six months. Only 8 percent of us are actually successful.
More Than Numbers
Some industries count on our failure. Fitness centers, for instance, sell year-long contracts knowing most of us won’t actually show up. Their business model depends on most members getting distracted, overwhelmed, or uninterested after a few visits.
But this is about much more than numbers. It’s about people’s dreams. Here were the top 10 resolutions people set in 2015, according to the Scranton research:
Spend less, save more
Enjoy life to the fullest
Stay fit and healthy
Learn something exciting
Help others in their dreams
Fall in love
Spend more time with family
Our resolutions concern our health, wealth, relationships, and personal development. In other words, they’re about the things that matter most to us.
I’m sure you have your own personal stories of starting the New Year strong only to get busy, fall behind, and eventually lose motivation.
It’s happened to me. And it’s exactly why I don’t bother making New Year’s resolutions anymore—at least not the usual kind. When I think of my health, my family, my spiritual life, my business, I know for certain: Some dreams are just too important to entrust to a faulty system.
Resolutions That Actually Stick
Instead, I utilize a proven goal-setting process that incorporates safeguards for many of the pitfalls and failings of typical resolutions. It’s taken me years to develop this process, and I’ve seen it work not only in my own life, but also in the lives of countless people with whom I’ve shared it.
Some people will say that the best way to make our resolutions stick is to only pick one or two for the year. But that’s leaving too much on the table for me—and probably a lot of you too.
We’re talking about the things that matter most, right? Why leave so many things undone and miss so many opportunities to grow? Instead of cutting back, we just need to use a system that actually works.
An effective goal-setting system must factor at least five dimensions of goal-attainment:
1. Genuine possibility.
Unless we believe we can reach our goals, we’re sure to miss. The number of people in their twenties who achieve their resolutions is far greater than those over fifty (39 percent to 14 percent). Why? It’s sad, but the greater the number of setbacks we’ve experienced in life the less likely we are to believe we can prevail. It’s like a goal-toxin. To reach our goals, we need to trade these limiting beliefs for liberating truths.
2. Past experience.
Dragging the worst of the past into the best of the future is another reason our resolutions fail. If we get closure on the past, especially those efforts that went unregarded or unrewarded, we’re able to more confidently step into the future. The trick is to get honest about:
what we wanted to happen
what actually happened
why it happened, and …
what we can change in our approach going forward
3. Effective design.
Part of the problem with typical New Year’s resolutions is that they’re poorly designed. “Lose weight” or “spend less, save more” fail on several counts. Among other things, effective goals are specific and measurable. Goals poorly formulated are goals easily forgotten.
4. Intrinsic motivation.
Another major reason resolutions fail is that we’re not motivated enough to attain them. Without a compelling reason to persist, we lose interest, get distracted, or forget what we purposed to do. As my wife Gail says, “People lose their way, when they lose their why.”
5. Proven tactics.
Finally, resolutions fail because we’re missing proven implementation tactics. Winning a battle takes both strategy and tactics. But unless someone shows us what works best for attaining our goals, we’re left to luck or hard knocks. No wonder it sometimes takes us five or six years in a row to finally achieve an important resolution.
Life’s too short for typical New Year’s resolutions almost guaranteed to fail. The good news is that you can shortcut the hard knocks, stop counting on luck, and finally succeed.
I designed my 5 Days to Your Best Year Ever course to address these five dimensions of goal-attainment. I only open registration once a year for a brief window. It’s almost closed for 2016. If you’re tired of missing your resolutions, now’s the time to act.