Business Tip Tuesday 🚀

Why Goal Setting Matters

A goal-setting study sponsored by the Ford Foundation found that:

• 23% of the population has NO IDEA what they want from life & as a result, they float around aimlessly.
• 67% of the population has a general idea of what they want but don’t have any plans for getting it.
• Only 10% of the population has specific, well-defined goals, but even then, 7 out of 10 of those people reach their goals only half (50%) of the time.
• The top 3% of the people in the study achieved their goals 89% of the time.

• What was the difference?  They found that of all the possible variables, the only difference between the top performers and the rest was that the top 3% WROTE DOWN THEIR GOALS.

Where are you going? Do you know, does your team know? Do your customers know? Without Vision, everyone blows aimlessly in the wind—rudderless in turbulent water. To me, it starts with personal Vision.

As an executive leader, your personal vision statement must align with the corporate organizational vision statement at the personal level.

Without alignment, how can an executive drive organizational vision? If the personal Vision is not in alignment from the start, how can there be success? The dilemma is that most corporate executives and small business owners do not have a clearly defined personal vision, let alone a written vision Statement – I think you know where we are going by now!

A Simple Strategic Plan is YOUR roadmap for success. The question is:  are you using a GPS or are you driving the back roads? A thoughtful Strategic Plan ensures your direction, and running a business without one leads to unnecessary struggle.

So what is your strategic plan for your small business this year?