Setting Yearly Goals

By Tal Gur
Setting Yearly Goals

 

Have you ever set a big goal for yourself but ended up feeling unmotivated and stuck as time went by?

My hand is up. It happened to me in the past and I’ve seen it happen to many others too.

When we set a big goal, we’re often too quick to pursue it, not considering the already overloaded schedule we routinely have, the sacrifices we might have to make, and the elements that already work well in our lives.

Often, we just need to pause for a while, re-affirm our commitment, adjust our routines and lay some groundwork to carry us forward into our journey.

I’m currently at this stage and I felt compelled to share my thoughts and findings here.

 

Identifying Your Options

Deciding on a yearly goal is not always easy, especially when there are several directions to go in, that all feel important.

I usually brainstorm on paper and force myself to generate a certain number of ideas. If I’m stuck, I use a few questions to get me thinking. I find myself a quiet place with minimal distractions and each time I get an idea, I jot it down.

This usually works without fail.

Here are some questions that helped me to get started (More questions can be found within my free eBook, “Design Your Dream Year“):

    - What are the biggest, most exciting dreams I want to manifest into my life?
    - What is my ultimate destination? What is the vision I have for my life?
    - What am I passionate about? What am I most excited in life?
    - If anything was possible, what is the first change I would start to make?
    - What area of my life can be upgraded and would make the biggest difference?
    - For my life to be perfect, what would have to change?
    - What do I really, really want…?

 

Evaluating Your Options

My second step, which is often the hardest one to make, is evaluating which option may provide the most optimal path for the year. Some people use a long drawn-out analysis process to make a decision, but I find it too tedious. I prefer to rely on my gut instinct and trust my intuition to guide me.

What I usually do, is simply think about which one of the items on my list would radically transform my life and give me the most benefits. I then write down the deepest reasons I can fathom why I want to bring this into reality.

If I don’t feel aligned with that reason, I keep revisiting until I feel a strong emotional resonance with it.

After going through this process this year, I decided that my primary goal would be to grow and diversify my financial wealth. A few people might mistakenly identify wealth with money but my intentions are far different from just making more money.

 

Clarifying Your Goal

Clarifying your yearly goal is fundamental to maintain motivation and to make sure your goal has enough emotional appeal to strike your inner desire.

It makes it easier to know when you’ve reached your goal and when it’s time to stop. Without clear goals, you can wander aimlessly and most likely end up losing interest or becoming distracted.

By “clarifying your goal” I mean asking yourself a few basic questions about your new direction. Such as:

    - What exactly do you want to accomplish?
    - What are the biggest rewards from pursing your goal?
    - What is at stake if you don’t achieve it?
    - Would working toward your goal bring you satisfaction?
    - How important is it for you to achieve your goal?

You’ve probably heard the acronym “SMART goal” before. (SMART goals are Specific, Measurable, Attainable, Realistic, and Time based). I usually use this approach when I set smaller goals later in the process, but I find it too rigid and uninspiring at this point.

I find that this method puts the concept of goal setting and dream attainment in a linear framework that works only on the left side of the brain.

As an alternative, I clarify my chosen goal by being specific about what the goal means to me and by considering the major rewards along the journey. When goals are both extremely significant and rewarding, they create a greater impact on our minds and provide a long lasting source of energy.

A more “Right Brain” tool that can be effectively used for identifying rewards (and obstacles) is drawing a consequence map diagram. You start with your goal as a center node and draw it in the middle. You then brainstorm different kinds of consequences and draw them in subsequent nodes. That’s pretty much it.

I personally find Consequence Mapping extremely useful for big decisions that contain a lot of uncertainty.

Below is an example of a consequence map for my decision to participate in an Ironman triathlon race.

The result of this year’s consequence mapping is to focus on creation and diversification of wealth.

A diversified and sustainable source of wealth means more options, which ultimately lead to greater freedom and independence. The ability to fly across the world whenever I want, visit the people I love, go on exciting adventures, help people in third world countries and hire assistance when I need it, has a strong appeal to both me and my partner.

My focus in the next 12 months will be to build and grow assets. To be more specific, I intend to further my financial and entrepreneurial skills, contribute more value within my business, experiment with new financial instruments, and strengthen new and existing business relationships.

If you’re also considering a financial goal this year, I highly encourage you to think beyond money and strive to build assets instead. Money is only an idea, a number on a computer screen, something that can lose its value over night.

A better focus would be on assets such as your skills, knowledge base, start-up business, and investments.

 

Laying the groundwork

Once you’ve made a decision on which goal to pursue, your first instinct may be to tackle your goal right away.
This can work well with smaller and lower risk goals, but large goals by their very nature, often need some more groundwork.

    - How much time or resources you have available for your goal?
    - Would you need to acquire new skills or knowledge?
    - How would you find motivation and discipline when you most need it?
    - Do you have the right people or support group around you to succeed?

This year I allocated a whole month to laying the groundwork needed for my goal.

I went on an information diet to amp up my productivity and focus. I unsubscribed from all my daily emails, Facebook groups and mailing lists (I now only follow those who contribute directly to my journey), and I gave up on some freelance work to free up even more time.

On the technical side, I acquired a second dedicated server for the sites with the highest traffic to allow further growth. I redesigned and restructured vital sites and eliminated those that were not geared for growth.

Perhaps most importantly, I improved the operational side of the business by empowering a few freelancers who work on routine projects for me.

To “sharpen my saw” in the goal attainment arena, I flew to Las Vegas and participated in a 3 days workshop by Steve Pavlina. Beside some new skills and techniques I acquired, the workshop was an excellent opportunity to meet new people and refresh my energy.

At Pavlina’s workshop I also made plans for forming Mastermind groups with people who share the exact same purpose. As a group, we’ll share ideas, best practices and action plans on a regular basis. The group will hold me accountable to my specific monthly projects.

Whatever groundwork you need to make, whether it’s within yourself or with others, I highly recommend you take the time and do the work.

 

Planning Your Goal

While working in the corporate world I’ve noticed how frequently top managers focus on the immediate task in front of them, rather than plan ahead. They mistakenly regarded being busy as being effective.

My belief is that your commitment to your goal is represented in your planning. More specifically, it is represented in your well-intentioned schedule and your newly planned action steps.

The most effective way I know to tackle a big goal is to break it down into more manageable steps. Smaller projects are less scary and when you see that you are taking small steps forward, you will tend to stay motivated.

Setting intermediate goals will also help you mark your progress along the trail. Achieving these benchmark goals means you’ll have frequent victories and build your momentum with each one you complete.

A goal to start making money online, for example, can be broken into several sub goals such as building a blog, create an information product, increase your following, build an affiliate network, etc.

Each sub goal can be broken down further into action steps. Building a new blog, for example, can be divided into a number of action steps such as structuring your initial content, creating screen layouts, building a sitemap, register a Feedburner account, etc.

One important thing that I also recommend in my ebook is to try focusing on one project at a time. Most goal methods do not work because we try to change everything all at once. It’s indeed tempting, but in my experience that translates into mediocre outcomes. When you try to take on many goals at once, you simply spread your energy and focus thin.

So, with that in mind, I decided to focus my energy on creating and promoting a quality information product in an area of high demand and a topic for which I have relative expertise.

I will dedicate the next month for this project. Future wealth creation projects will vary and include topics such as building and marketing an iPhone App or experimenting with FX market investments. For now, the focus is on the online arena.

 

Supporting Your Goal

One step that is almost always ignored and yet has a tremendous impact on whether or not you’ll achieve your goal, is forming supporting habits.

You can harness your willpower each time you start a task, but if you do it too often, you’ll eventually burn out and revert back to the same behavioral patterns.

Not surprisingly, it has been reported that 95 percent of people who try to lose weight on a diet regain it. Self control is a limited resource and needs to be treated as such.

This is where habits come in.

Habits help us to continue working on our goals even when we are not motivated. They allow us to transition through our day on autopilot and conserve our limited energy.

By harnessing the more primitive part of the brain in which habits are formed, you’ll have the opportunity to make lasting changes.

This year, in order to decide what supporting habits I want to adopt, I reviewed past goals and examined what worked well. In addition, I also examined missed goals and figured what habits didn’t work quite right for me.

Based on my findings I decided to commit to three main habits, and in addition I decided that I will abide by them for the next 365 days straight.

    1. Wealth creation work on daily basis – At least 1 hour a day.
    2. Non stop outsource – When completed work is received, new work will be immediately outsourced.
    3. 365 days of exercising – At least 20min a day, (I’m on day 30, so far so good)

If you’re interested in forming habits this year, take a look at the last step in my e-book, and decide what works best for you.

For better or for worse, we are creatures of habits. Take advantage of it.

 

Taking action

None of the information in this post really matters without you taking action. In future, I might share some thoughts about ways to take action but in the mean time I encourage you to:

    1. Choose a goal that you aim to achieve within 30 days.
    2. Determine how you will know that you’ve achieved your goal.
    3. Brainstorm what resources you’ll need to achieve it.

Feel free to share your action plan with me to build accountability. You can post to the comment section of this Blog post or simply contact me directly. I read and answer to every enquiry coming my way.

 

Final words

We often expect too much too soon and then get discouraged when results don’t come right away. Commitment does not mean rushing toward your goal, but rather, taking ample time to figure out a plan, build supporting rituals and lay the groundwork that is so needed in order to achieve your goal.

Live out the dream!
Tal

 

P.S If you found this post helpful, please forward it to someone you love and click the sharing buttons below. The world is a better place when people actively follow their dreams.

 

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  1. Great post Tal. Beautiful progression. I think the step that has been the biggest challenge for me previously has been ‘laying the groundwork’. With the buzz that new goals create, I previously haven’t stoped to consider all the consequences that my goals will bring (postive and negative), and instead rush in. Until we are fully aware of the consequences, their is a chance that our goals will be un-aligned with the rest of our life.

    As an example from my recent 5 goal analysis which I did through a variety of NLP timeline exercises, I identified that one of the consequences of achieving my goal might be the negative impact this intense focus has on my relationship. In order to move forward with my goal I had to be open to the possability that succeeding with my goal might alos mean failing with my relationship. If I didn’t go through this process, and gain internal ecology, then it’s possible that I might have sabotaged myself from achieiving the goal at some point.

  2. Thanks for sharing Mathew & great points. This year, my partner and I had lengthy conversations to get aligned and establish support for each other’s goals. Frustration can easily manifests itself otherwise :)

  3. Excellent writing. My disfunction of ADHD inhibits a number of important areas in my brain from cooperating. or as some might call “playing nice in the brain-box”.

    I’ve read books, watched videos, and even attended a very well laid out course wiyh author and PhD, Heidi Grant Halvorson.

    As of late, I hired a coach to ride herd on me,but it seems my brain is somewhat like a cat, and has it’s own mind (yep, a mind, within a mind). Cats are spooky creatures, and so is my brain sometimes.

    If you are not familiar with her, I believe you can listen to an archive of her talk on the Harvard Business Review site. Or, better yet, buy her book. She bases her writings on her research and study findings, of which, some are quite different than what we assume to be correct, because we’ve heard it over-and-over.

    Thanks for your contribution.

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