7 Things Not to Do to Achieve Your Goals

Every year people set goals and every year people fail to achieve the goals they set.  I think this is called insanity – doing the same things the same way and expecting different results.

The fact of the matter is that goal setting has a tremendous impact on your ability to achieve your desired success levels in business and in life.  What is important is to do so in a way that is likely to garner results that are worth the effort.  I know all the studies that show that by just writing your goals down you are more likely to accomplish them.  Poorly written goals are better than none, so anything you do will be positive.

However, the phenomenally successful don’t just leave it up to chance.  Writing their goals down is something they all do – yet the list of things they don’t do makes a world of difference.  Over the next few weeks, we’ll cover one of seven things the phenomenally successful don’t do in order to achieve their goals.  Here is the first one: (Just to give you an idea of where we’re headed, I’m sharing the whole list now.)

  1. Don’t include “shoulds”

    When your list of goals is loaded with things you “should” do, it is highly unlikely that you will stay motivated long enough to accomplish them.  In your personal life exercise is an example of a goal that many people set because they think they should do it.  Once you become an adult, it is hard to consistently engage in activities merely because you should.  A great example that is prevalent in business conversations today is the feeling that you should be using social media.

    Many companies start to establish a presence but have no real staying power and therefore yield few results.A better alternative is to dig a little deeper into why you would be compelled to engage in the activity and identify both the benefits you would gain from achieving the goal and the pain you would endure for not achieving it.  Having lots of energy and fitting into your favorite close may be some of the benefits you would gain from exercising.  Having to live on medication and needing to skip some of your favorite activities might be some of the pain you would have to endure.

    With social media, understanding exactly how you would benefit from the engagement will not only keep you more motivated but cause you to focus on more strategic activities that are linked to your success than you might otherwise do.  Instead of trying to gain lots of friends – regardless of whether or not they are in your target market – is less interesting than building your reputation as an expert in your field.  Since experts have an easier time selling than those that have not earned the trust of anyone, this type of activity should lead to increased revenue as well.

    The rest of the list

  2. Don’t obsess over the bull’s eye
  3. Don’t “try” anything
  4. Don’t focus on other people
  5. Don’t ignore your past performance
  6. Don’t forget who you are
  7. Don’t be vague

What are some of the “shoulds” that you have wrestled with in the past?  How might you set goals in those areas differently this year?

Reblog this post [with Zemanta]

Share

Multiple Streams of Income (Traffic)

Videolicious.tv Search Engine Traffic 05/22/09...
Image by DavidErickson via Flickr

Many people are aware that their businesses should have multiple streams in income so that if something happens – say that one really big contract is reduced or eliminated all together – they and their businesses can still survive.  In today’s business environment, with so much marketing being done on the internet, traffic plays a huge role in generating income.

It is just as important to have the multiple streams of traffic to your website(s) as it is to have multiple streams of income.

In a recent post on ProBlogger.com, Darren Rowse answered the question What to Do When Your Search Rankings Drop.  One of the points he makes is to ensure that ALL of your traffic isn’t coming from Google or any other one source.  This is akin to having all of your revenue coming from a single contract.

A good rule of thumb used by many consultants to analyze the health of a company is to asses the quality of the revenue.  For most companies, if more than 30% of the revenue is coming from any one customer, the revenue is discounted because a 30% drop in revenue can be devastating.

Some good questions for you to consider are:

  • How much of your revenue is dependent upon traffic from any one source or strategy?
  • What would happen if the largest stream of traffic were to suddenly go away?
  • What can you start doing today to reduce your dependence, and thereby improve the quality of your revenue?
Reblog this post [with Zemanta]

Share

Black Friday Frenzy

PLEASANT PRAIRIE, WI - NOVEMBER 28: Mary Banks...
Image by Getty Images via Daylife

I wonder just how long it is going to take before the Black Friday frenzy comes to an end.  It really is the ultimate insult to and manipulation of the consumer, but everyone is so caught up they don’t even notice.

There was a time when Thanksgiving was about giving thanks and spending quality time with family during an extended weekend.  I know the day after Thanksgiving has been a huge shopping day since the origins of the Macy’s Thanksgiving Day Parade back in the 1920s.  But it never seemed to dominate the holiday and our good thinking before.

Somehow along the way, sellers of high priced electronics started offering deals that lured sensible people out of their beds during the wee hours of the morning on a day off.  Other retailers have followed suite and the shopping mayhem is widespread.  Back in the 60′s, the term Black Friday was first used to describe the headaches the police had to endure to with all of the shoppers clogging the busses, streets, and stores in the downtown areas.  It wasn’t a very favorable term.

More recently, it is used to describe the time when retailers go from being in the red, unprofitable, to being in the black, profitable.  What a huge feat of marketing genius.  Let’s be completely transparent with our motives in the marketing messages.  Let’s not focus on the benefits to the consumer (which is not really our top priority at this point), but instead let them know that we are pulling out every trick we can think of to get them, in herd-like fashion, to bring us pockets full of money on one day so we can turn a profit.  Let’s call it “Give Me All Your Money so I can Make a Profit Day.”  No, that’s too long.  How about “Black Friday.”

Now that the crowds are well trained to show up, there seems to be a growing dissatisfaction with the new “holiday.”  First, it’s not safe for everyone.  In recent years there have been hospitalizations of pregnant women and even deaths as a result of mob-like stampedes to get the few ridiculously low priced items used to lure everyone into the stores.  (Retailers have started to issue numbers to the people waiting in line to curb this behavior.)

Second, people are annoyed that there are only a few ridiculously low priced items used to lure them into the stores. If your odds of being lucky enough to give the retailer your money for the promotional item are scarcely greater than playing the lottery, it may be easier to stay in bed and shop on the internet.

Now that sounds like a great idea – getting consumers to shop from the comfort of their own homes (or at work if that is more convenient.)  We could call that Cyber Monday.

Reblog this post [with Zemanta]

Share

Business Start Up Advantages

Creamy center = sketch of business plan
Image by juhansonin via Flickr

When starting a new business, most people can only think of all the challenges and disadvantages they have relative to established players. Here is a helpful blog post written for new software companies that I think is true for all companies.

Your Just Getting Started

Reblog this post [with Zemanta]

Share

The Rules Change With Success

University of Texas All-American Jack Crain's ...
Image via Wikipedia

The training we receive in our formative years has a powerful influence on us as adults.  The ways we learn to win as we are starting out tend to shape our view of how success is attained.  The only problem with this is that as you become more successful, the rules for future success change. Unless you learn the keys to succeeding at higher levels, your progress is destined to come to a screeching halt.

Individual contributor – When I give her a job, I know it will get done


When we start out, it is important to understand how to become a successful individual contributor.  Individual contributors are those who can master a task well.  When given a goal and parameters, they are technically competent and understand all the details on how to accomplish it. Demonstrating mastery of the technical skills of delivering the product or service is key to advancement.

Click here to read the full post

Reblog this post [with Zemanta]

Share

The Value of Casting a Long-Term Vision

Organic company growth is typically seen as something that is steady.  Five to twenty-five percent a year growth is deemed reasonable and in many cases aggressive.  Hockey stick growth, that which is 50, 75, 100+ percent growth in a single year and then sustained at high rates in a few subsequent years, is usually thought to only occur through acquisitions or mergers. This does not always have to be the case and a shift in planning processes may in fact make periods of rapid growth possible organically.

Frame of reference for planning makes a difference

Most planning processes are done annually and look at where a company is today as the basis for determining where things will be in the next year.  Realistic growth targets are established based upon current performance.  Forecasts are often done taking that growth out three to five years.  With the current situation as the frame of reference, it is difficult to justify large changes in growth with out an acquisition or some other exogenous force.

Since some companies do experience hockey stick growth organically, we know that it is possible.  What are rapidly growing companies doing that is different from those who experience modest growth and how to they plan for it?

Click here to read the whole post.

Enhanced by Zemanta

Share

Who’s Writing Your History and Why Is That Important?

Women at work on C-47 Douglas cargo transport,...
Image by The Library of Congress via Flickr

By now, everyone has heard that success people create plans and goals for their future.  However, in a recent panel discussion I attended of Smith College professors, historians and activities, there was a thought provoking conversation about the importance of and need for women to write their own history.  The role and major contributions of women have been underrepresented and sometimes wiped out of history completely. Diaries, letters, and memoirs of these women from the past are all that remain to give those interested a glimpse into a more complete articulation of our history.

This led me to think that in business, for women in particular, documenting our past may be equally as important as planning our future.

Click here to read the full post.

Reblog this post [with Zemanta]

Share

Modest Success Habit #4 – Selling to Everyone

This is habit number 4 in the series, The 4 Habits of Modestly Successful Entrepreneurs, following: 1) selling time for money, 2) working too hard, and 3) relying too much on data. These habits are the things that keep business success at a modest level.  Implementing business strategies to break these habits can propel entrepreneurs to phenomenal success.

Everyone is proud of the products or services they provide and thinks that everyone can benefit from using them.  This may be true, but in a world of finite resources, selling to everyone can present a real challenge to business growth.

Modest Success Habit #4 – Selling to Everyone

Most people have heard the advice around picking a niche market to focus on, but why is that advice routinely not followed.  Largely, because selling to everyone plays to some common fears held by many new entrepreneurs. Continue reading

Share

Business Model Selection: Contract Employee versus Entrepreneur

There are many former corporate employees in business for themselves today.  This number has grown recently due to the layoffs and business closings prevalent in today’s economic environment as is likely to continue growing in the months to come.  These highly skilled people are either finding it difficult to get a new job or have decided they are tired of “making other people rich” and want to pursue owning a business themselves.

The foundational premise chosen for a business model, however, can have a significant impact on whether or not the dream of riches will ever become a reality.

Check out the full post on Women on Business.

Reblog this post [with Zemanta]

Share

Modest Success Habit #3 – Overly Dependent on Data

The first habit I introduced in this series, The 4 Habits of Modestly Successful Entrepreneurs, was selling time for money – a habit that structurally caps the amount of revenue your business can generate.  That was followed by the habit of working too hard – which limits efficiency and the longevity of your business.  These two habits, along with the other 2 habits in the series, are the types of behaviors that keep business success at a modest level.  Implementing business strategies to break these habits can propel entrepreneurs to phenomenal success.

Our third habit is explained below.  Don’t forget to watch the video for a more in depth discussion on relying too much on data.

Modest Success Habit #3 – Being Overly Dependent on Data

Most of us have heard the cliché “analysis paralysis.”  Just because something is cliché doesn’t mean it is not worthy of our attention.  While it is absolutely necessary to ensure that an adequate amount of homework and research has been done before launching a business and continued industry and customer intelligence is critical, it is possible to be overly dependent upon data. Continue reading

Share