The Entrepreneur’s Ultimate Guide to Goal Setting

Feeling overwhelmed is very common for entrepreneurs.

It is no secret that entrepreneurs often work 60-hour weeks. This constant focus on the business with all the tasks at hand can often be stressful.

When you have to manage one business that is hard enough. Yet, many business owners I’ve worked with have many businesses in different markets.

It’s not hard to imagine the amount of sheer volume of work that can often be overwhelming to them. Yet despite this, there are some entrepreneurs who don’t struggle with overwhelm. What do they do different?

Below you will uncover a variety of factors causing your overwhelm and exactly what to do to overcome it.

1. Set too high expectations

Many entrepreneurs have high expectations of themselves and their teams. These expectations often cause overwhelm as you attempt to live up to them.

It is ironic that often this pressure you put on yourself is so high, that you end up procrastinating. The very expectations you set actually cause you to fear not being able to reach them.

If this resonates with you, then you most likely have a tendency to be a perfectionist. This is great in that you pay attention to detail, aim to get things right first time and never want to fail.

Yet, when it comes to your own expectations you will always fall short. No one can reach perfection.

The solution: Take steps to overcome perfectionism by watching : how to stop being a perfectionist:

This will give you the exact steps you need to take to overcome your tendency to want everything to be perfect.

2. Focusing on the fear

Fear of failure,
Fear of not being good enough
Fear of not being able to provide for your family

These are a few fears of many, that business owners I have worked with face. It’s this fear above all else that makes entrepreneurs feel stressed.

When you focus on the fear it often gets worse. This leads you down a negative spiral of emotions.

The hardest part about this, is that the very circumstances you fear often become a reality. The mind can’t tell the difference between imagination and reality. This is where self-sabotage kicks in.

For example, have you ever told an employee to not screw up a presentation. Then what happens? They completely mess up the presentation!

In their mind, they are thinking don’t screw up; don’t make a mistake. This fear when focused on too much actually creates the exact results that they fear most.

It’s no wonder that entrepreneurs focusing on their fears feel overwhelmed.

The solution: You must learn to direct your mind as opposed to allowing it to control you.

This is one of the key modules we cover in the Entrepreneur’s Lifestyle Accelerator.

3. Meeting the expectations of others.

It’s not your own expectations that causes overwhelm, but also the expectations of others. These can be from your investors, share holders, and employees, to name a few.

This becomes magnified into a feeling of overwhelm if you have a tendency to want to please other people. It is a great recipe for disaster.

People pleasing is a great skill when everyone agrees. But, often there are conflicts of interest in your business. If you please one side, it will disappoint another.

For a person that is a pleaser there is nothing more overwhelming in life than these double binds. You will often feel paralysed in your decision-making as you have no idea what to do.

You feel that you are letting people down. You are losing control of the business and you aren’t being the leader you want to be. This in turn can lead to even more unwanted negative emotions.

Solution: You must learn to let go of people pleasing

There are many struggles of being a people pleaser and some exact steps to take to overcome it. Learn about these steps in the 8 lifestyle blocks, preventing your business success.

4. You have no me time

If you are working on the business 24/7 then you won’t have time for yourself.

You don’t have time to unwind, distress and detach from the business. This is even more common now due to us being able to access one another in a click of a button.

When issues arise, people can immediately get hold of you. This can cause you to work over time, which causes a lot of imbalance in your life.

You are working on weekends, interrupted at dinners and leave activities early. You do all this, to deal with crisis in the business.

Although this can be a must on the odd occasion, in the long term it creates a much larger issue.

The business becomes dependent on you. This will cause you to burn out.

Solution: You must create your ideal entrepreneur lifestyle.

You need a clear vision for what you want your lifestyle to be like as you run the business in the future. This helps you maintain a profitable business, whilst also taking time off. For more resources on this check out the Entrepreneur Lifestyle Accelerator

5. Health deteriorating

Have you chosen to prioritise your business over your health? If you are like thousands of other entrepreneur’s I have met, my guess is yes. You believe that you don’t have time to work out and prioritise health because you have a business to run!

You some exercise but you most of your time is working. You are in meetings, travelling and expanding the business. The issue that arises is this also leads to overwhelm.

If you do not prioritise your health, you will start to think slower. You will have a lower tolerance of stress, and be inefficient in your business.

I am guessing you want to create sustainable business success without burning out? Then your health MUST be a priority

If you could pay for your team to be 30% more productive how much would you pay? My guess is A LOT of money.

By starting to prioritise your health as a leader you will improve your business not 30% but much, much more.

The business will improve, you will be in a better mood and you’ll even have more sleep! Even more important, you’ll have less stress, anxiety and overwhelm.

Solution: Prioritise your health

Read more about prioritising health and maintaining energy throughout the day here: How to maintain energy throughout the day as an entrepreneur

6. No system to help organise yourself

If you don’t have a system, you will experience overwhelm as an entrepreneur.

You are living in reaction without a system to organise yourself. This means that day-to-day you spend time putting out fires in your business. You are responding, as opposed to working on long term business expansion.

There are so many different projects, ideas as well issues that occur when running a business. Yet most business owners store everything they need to do in their minds. Do you do the same thing?

You remember everything you need to do in your head. You write some items down but your list keeps changing. You feel like you never get a break to actually organise everything you need to.

You feel like you are being pulled in many directions.

You are not alone. 83% of business owners spend the majority of their time living in reaction too.

Yet, just because most business owners feel overwhelmed, doesn’t mean you have to be this way too.

Solution: Create a system that works for you.

Don’t attempt to use a system that you can’t adapt to your circumstances. For a system for entrepreneurs, check out the Ultimate Life Management System.

7. Feel you can do everything

Do you ever find that employees aren’t as efficient as you? You may have attempted to give them tasks but you realise it is easier to do it yourself.

If this relates to you, then I imagine you are doing all the most important tasks in your business. The truth is you are the business.

If you stopped working no money would come in. You are currently a business operator. A business operator works in the business. A business owner works on the business.

This is a very important distinction to make.

The truth is that at this point you are working in your business. You are self-employed by the business. How much time you have in the day limits you, which means you feel like you can’t get enough tasks done.

This often occurs when you are not able to trust people and want to always be in control. You doubt whether people can do the job you assigned them.

You either end up doing the tasks yourself or micromanaging your team. You may do this to such an extent, that you might as well never give them the task in the first place!

It is this feeling of wanting to be in control that will bring you waves of overwhelm. Especially when the world is changing so fast that it is hard to keep up.

Maybe you are wondering how to get out of this vicious cycle?

Solution: Learn to let go of control

Letting go of control is one of the most challenging parts of being an entrepreneur. You start to give control to other people who will represent your business. For help with this, visit our Entrepreneur Lifestyle Accelerator. Here we take entrepreneurs through a step by step process to overcome the need to control.

In conclusion, there are many different reasons for feeling overwhelmed in business. Whatever is causing destructive overwhelm in your life, make sure to address it.

The key here is to overcome these issues step by step to create more freedom in your life. This helps expand the business, and allows you to live an extra-ordinary lifestyle.

To learn more about overcoming overwhelm, visit: The Entrepreneur Lifestyle Accelerator

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The Entrepreneur’s Ultimate Guide to Goal Setting

1. Make less decisions

You are constantly making decisions in the day; from the moment you get up to the moment you go to sleep. You want to make sure you don’t waste energy making decisions that don’t matter to your business.

Steve jobs as an example wore the same clothes each day so he didn’t have to think about what to wear. Something to think about! Where in your day do you currently waste time, energy and focus making decisions that don’t matter?

You can make less decisions on the smaller things in life. This gives you a greater capacity to deal with larger decisions in your organisation.

2. Drink more water

Dehydration by as little as 2% negatively affects you performance. Water losses exceeding 5% of body weight can decrease the work capacity by about 30%! Something to think about for your team!

his means we must remain hydrated during the day to operate at optimal levels of energy.

Drink at least 1 litre for every 50 pounds you everyday. Thus if you are 150 pounds you need at least 3 litres of water a day.

You may feel like you need to go to the toilet more, but don’t worry your tolerance will increase over time! For now make sure you hit your daily intake to enable you to work at peak performance.

3. Exercise in the morning

You may believe that work is more important than exercise, if this is you then there may be something you don’t know…

Exercise stimulates different parts of your brain to give you more brainpower. It also gives you a boost of energy to complete your day more easily.

This exercise can be running, swimming or going to the gym. It can be any way in which you are moving your body as opposed to sitting all day.

If you want to maintain energy throughout the day. You want to do atleast 15 minutes of exercise, which will give you the energy boost you need.

You may believe you have no time for exercise as you are too busy. If you want to maintain energy in the day, exercising needs to become a priority in your life. We all have the same 24 hours in the day, it’s time to start prioritising yours.

4. Break your day into manageable pieces

You want to complete as many tasks as you can in the day. But, if you do tasks back to back throughout the day you will feel overwhelmed.

If you don’t give yourself time off, then you can’t react to new challenges. You won’t have the space to reset before taking on a new task.

It is important to space your day out to give yourself many breaks. Most entrepreneurs aim from 5 – 30 minute slots to give themselves the space they need.

This will help you focus more on the task you are doing. You will be more efficient by taking breaks, and complete tasks faster as a result.

5. Eat alkaline food (not the food you think is healthy)

You want to have 80% alkaline food and 20% acid food to keep your blood slightly alkaline.

This means you want to aim to have fruits and vegetables as 70% of your diet! Remember that these foods are alive as opposed to most dead food that you may often consume.

By having alkaline blood your cells will have much more energy as they aren’t clumping together.

Do you have headaches after eating food? Or you wonder why your energy dips in the afternoon? Paying attention to this will help you easily overcome these issues.

6. Remove body pain

To have energy throughout the day you MUST make sure you aren’t in body pain.

You may experience pain during the day due to lack of healthy living habits.

To remove this body pain, work with a specialist who can help you realign your body.

A misaligned business cannot function optimally. If you want to be optimal day to day, your body must be in alignment. This helps you focus on your own business without pain as a distraction.

7. Delegate energy draining tasks

There are some tasks that people love such as accounting. Yet, for some entrepreneurs this is their worst enemy. Even thinking about accounting causing them to feel overwhelmed.

Think about all the tasks that you do, that drain you of energy.
You want to delegate as many of these energy draining tasks as possible. Think who you could give that tasks to, who can still complete the tasks at a high level.

By freeing up your own time of these energy draining tasks. It allows you to focus on the tasks that make a bigger difference to your business.

You may have done this so far, but it doesn’t mean you have to continue to do it forever. Delegate those tasks today!

8. Efficient sleep

You don’t need to have 8-9 hours of sleep per night

What you do need is to have efficient sleep each night so you are working at an optimal level. It also allows you to be in a better mood and have a higher tolerance for issues that arise in the office.

Efficient sleep will do more for your health and energy than almost anything else.

The question is: how can you get more efficient sleep?

There are many keys to having better sleep. To learn more about your sleep we recommend buying a smart watch or oura ring. This will give you much more data to help you optimise your sleep over time.

If you enjoyed these tips, then you will love our Entrepreneur Lifestyle Accelerator. Our 5th module helps you have an abundance of energy every single day! If you are curious to see how we help you do this, then check out: The Entrepreneur Lifestyle Accelerator

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The Entrepreneur’s Ultimate Guide to Goal Setting

Have you ever wondered what differentiates an average entrepreneur from successful ones?

It is not luck, intelligence, industry or even location!

There is one clear distinction that differentiates these people and it is:

Their identity.

Now what on earth do I mean by this, well let’s break it down. When I ask the question who are you? How would you answer?

I challenge you to write down what comes to your mind right now.

After you have done this you may notice the following pattern.

Everything you have written down is what you are right now.

You have not written what you must become in the future to build the successful business you desire.

This is very common. Most entrepreneurs believe they must achieve success to be successful business owner.

You may say this is true, yet this is the biggest block that is preventing exponential success. You believe you have to do a certain thing, to be a certain way.

You need to achieve lots of profit then you are successful.

You need to hire lots of people then you are successful manager.

You need to have a million dollar net worth to be a millionaire.

Yet the entrepreneurs who have exponential success do something different.

What they do instead is define who they must become in the future, and then they become that person right now.

For example, to build a successful business. You may believe you must become focused, disciplined and an inspiring leader.

That is true, if you had a successful business I am sure you would be those things.

But, what would happen if you choose to be those things right now? You will operate at a whole different level. Your mindset as an entrepreneur will have shifted.

Once you make this shift, your business will move forward in a different way. This is the key principle that many entrepreneurs miss out on.

You may be wondering how to make the shift?

That is exactly what we do in the Entrepreneur Lifestyle Accelerator.

In 6 months you learn to become an entrepreneur who can build a sustainable business. At the same time you live an extra-ordinary lifestyle.

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The Entrepreneur’s Ultimate Guide to Goal Setting

A morning routine is the foundation for your day as an entrepreneur. In this article, you will understand morning routines from a variety of entrepreneurs. I hope you can find some inspiration here to help you tailor your routine, to create an even better start to your day.

Hal Erod has a book on morning routines that I thought was helpful if you have never had a morning routine before. He has some interesting insights; the best of which is the 6 minute miracle morning. Remember even if you have a busy day, you MUST have time for at least 6 minutes to yourself!

Hal Erod – 6 Minute Miracle Morning

Tim Ferris I is an entrepreneur most famously known for his 2 books. The 4 hour body and the 4 hour work week. Both of which I have used at different stages in my life. I have included his routine for you as it is simple, yet creates outstanding results. Do note I am sure this changes regularly as he experiments!

Tim Ferris: Author, Entrepreneur, and Public Speaker

Richard Branson is a business owner with over 400 companies under his brand Virgin. Not only is he an outstanding leader but he regularly shows how important it is to enjoy life too. His routine is very simple yet once again sets him up for an outstanding day.

Richard Branson – CEO of Virgin

Leo Babauta has a blog called zenhabits. It’s sole purpose is to help you implement zen habits in daily life. His morning routine you would expect to be optimal given how much writing he has done on the subject. He manages to do a lot within his 2 hour morning routine and is certainly worth modelling.

Leo Babauta from ZenHabits

Lastly let’s look at the CEO of Google. Here is a morning routine from a perspective of a CEO of a tech giant. How does he prime himself in the morning? As you will see this is a much more standard routine that most people stick to in life.

Sundar Pichai – CEO of Google

Where to start?

Very simple I want you to experiment. Use these routines as inspiration to start your own rock solid morning routine. Those in our Entrepreneur Lifestyle Accelerator will include these fundamental habits. Gratitude, Super-hydration, visualisation, gratitude and condition their identity. These 5 combined have a powerful effect to wake you up, keep you healthy and in the right mindset for an awesome day.

A challenge I offer to you all, if you choose to take it, is to pick two routines, either from the list above or make two up. Then pick one to do for two weeks and then the second for the remaining two weeks of the month. You can see which one you prefer and then start editing and adding things accordingly.

Good luck and make it happen!

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The Entrepreneur’s Ultimate Guide to Goal Setting

Habits can either break or make an entrepreneur’s success.
Productive entrepreneurs have more successful businesses. Note that I didn’t say busy entrepreneurs working very hard..
To help you be more productive, we listed out seven of the best habits to start.

1. Planning

Successful entrepreneurs plan their days in advance. They have a structure to help prioritise, be efficient and get more tasks done.
“Every minute you spend in planning saves 10 minutes in execution; this gives you a 1,000 percent ROE (return on energy)!” Brian Tracy
Every 10 minutes you spend planning will save you 100 minutes in your day. Think about what you would pay to have an extra 100 minutes everyday!
You may think you don’t have time to plan. You may believe you are so busy that a plan is wasting time.
If this is you, remember the following. We all have 24 hours in the day. Whether you are Bill Gates, Elon Musk or Richard Branson, we all have the same 24 hours.
How you use those hours is of paramount importance. The most successful entrepreneurs are planning and executing on those plans.
If you want to have more success, planning is a MUST.

2. Systemise

Successful business owners must have systems to help their business stay on track. The better systems you have in place, the easier it will be for your business to run without you.
No two businesses are exactly the same, so there is no perfect system template that I can give you. Thus you need to create many systems in your organisation to help you be more efficient.
These include a system for communication with your team. Systems for managing the core functions of your business. A system to manage your own tasks, to name a few.
If we were to use a diet as an example system: generally speaking 95% of diets all work. Yet, the reason people don’t lose weight is because they don’t stick to it. Thus you must learn to be consistent with the systems you create.

3. Outsource

Did you know that entrepreneur’s should only do at most 7 tasks in their business? 7 at the most! Other employees, managers and freelancers should do everything else.
The key to business expansion is not what you should do more of, but instead what you need to stop doing. You mustn’t do anything that you aren’t qualified to do. Hire smart people to do the tasks that you don’t like to do and the tasks you aren’t specialised to do.
When you first start out, this doesn’t apply, as you may need to do everything. But, once you build your business up, you must start to delegate tasks to enable you to expand faster.
Learning to be an effective outsourcer of tasks can help you focus your own efforts. This helps to have a bigger impact on your business as a result.

4. Focus

Entrepreneurs all have a unique way to focus in their lives.

Some have 2-hour blocks with no interruptions. Others dedicate 1 hour to think and some choose to focus using masterminds.

There is no right or wrong way to do this. The key is for you to find a way to focus on one thing.

You will not see productive business owners distracted by messages, interruptions and emails. They will have a set time to do all these things; whilst at the same time dedicating time in the day for specific tasks.

One of the biggest mistakes entrepreneurs make is that they don’t complete tasks 100%.

You may focus on a task and move onto something else before completing it or making a final decision. This is a recipe for disaster.

Make sure that you focus on a task, complete it 100% or dedicate more time elsewhere to completing it.

Only when it is complete, do they move on to something different. Make sure to avoid multi tasking on too many projects at the same time. You will waste time, energy and resources if you work this way.

This habit of focus is one of the best tools entrepreneurs have in their toolbox.

5. Morning routine

All entrepreneurs have a morning routine. This could be a routine setting you up for success in your day, or setting you up for stress.

You want to avoid feeling stressed, overwhelmed and anxious as an entrepreneur. So make sure to create a rock solid morning routine.

The key outcome for a morning routine is to help set you up for a great day.

You may want to focus on yourself in the morning. You may start the day by going to the gym, meditating, running, reading, reflecting, planning …etc.

Whatever it is you choose to do, make sure that it puts you in the right state to deal with the day ahead.
For some examples of morning routines that help set you up for success. Check out: 5 Morning Routines of Successful Entrepreneurs

6. Pareto Principle

Entrepreneur’s almost everyday should apply the 80 – 20 Pareto Principle.

An example of the Pareto Principle in business: 20% of your clients give you 80% of your income. 80% of your leads come from 20% of your marketing. 80% of your stress comes from 20% of your customers … etc.

You may be wondering how to apply this principle each day?

Simply put, you apply this principle to anything and everything.

For example, you want to aim to do the 20% of tasks that brings you 80% of your desired outcome. Spend time marketing to the 20% of clients that bring in the most revenue.

You want to make sure that you use this in you business to help you become more efficient.

What is great about this principle is that it combats perfectionism. You do the tasks that have the biggest impact on your business. In contrast to doing things 100% and wasting time on the last 20%.

It is important to spend time doing the tasks that move your business forward in the most efficient way.

This hand in hand with outsourcing, allows you to create much faster success.

7. Effective goal setting

Entrepreneurs must set goals to maintain a clear direction for their business. This keeps alignment within the organisation prioritising tasks towards a specific end goal.

If you do this, you will make much faster progress in a shorter period of time. Your resources are finally focused on obtaining one specific outcome.

Goal setting can be a challenging tasks for entrepreneurs. Especially when most information out there is not relevant for busy entrepreneurs.

If you want to get more clarity, direction and focus in your organisation. Check out: The Entrepreneur’s ultimate guide to goal setting

BONUS HABIT: Rest

The last and most important habit for entrepreneur’s is counter intuitive.

Rest.

Why is this habit more powerful than all the other habits mentioned above?

It is the habit most entrepreneurs want to avoid. Yet it actually is of paramount importance to recharge to enable you to have more success.

Many business owners come to me when they are burning out and their business is losing money each month. They are working constantly but are burning out in the process.

Perhaps this has happened to you before as well? Where you burn out and do nothing in your business for a few weeks.

Let’s approach rest in a different way.

When you charge your phone do you take it out when it only has 30% battery? You charge it all the way till 100% and if you are anything like my wife, it is painful to take it off charge at 97%!

We do this for many reasons, yet when it comes to ourselves often we don’t fully recharge.

I am sure if your employees were working at 50% capacity you would want them operating at 100% right?

Rest is key for recharging so you are performing at your best. It is also fundamental to allow you to have a more effective business.

By taking time off, you can look at your business issues with fresh eyes. You can think creatively and start to move away from working in your business.

Moreover, it enables you to have boarders as a business owner. This encourages your employees to become more self reliant. This is a necessary step forward to create the freedom you desire.

If you are unhappy with your current lifestyle as an entrepreneur. Check out: The Entrepreneur Lifestyle Accelerator. This will help take you and your business to higher levels of success this year.

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The Entrepreneur’s Ultimate Guide to Goal Setting

Master the art of Goal setting as an entrepreneur with templates, videos and resources.
The Entrepreneur’s Ultimate Guide to Goal Setting

The 10 step goal setting template for Entrepreneurs

Ensure that you achieve all your goals to increase business this year!
Goal setting as an entrepreneur is about sustainably achieving what you desire in the quickest way possible. Yet, very often entrepreneurs set so many goals that they become overwhelmed. They procrastinate, overanalyse and don’t create the success that they desire.

What is goal setting?

Goal setting is the ability to clarify what you want and achieve it. As an entrepreneur, this is most often setting clear goals to grow a sustainably profitable business.

Why goal setting is important in 2021?

Competition is becoming more and more fierce in the world today. Unless you can adapt, prioritise and achieve goals faster than your competition, you will be left behind. As an entrepreneur, your ability to set, focus and follow through on goals is in direct relation to your own business success.
You may be missing certain types of goals in your business. Not only can this cause more stress but it also decreases the productivity for your team. Yet once you have the right goals in place, you can move much faster as an organisation. Pick and choose which goals you need from the list below.

Types of goal setting

There are 6 types of goal setting for entrepreneurs. You may need to use just one or perhaps even all of these goal setting techniques depending on the size of your organisation.

Long term Goals

These are the goals you want to achieve long term in your business. Common ones include: absolute financial freedom, sell my company for a huge profit or create passive income so I never have to work again.
These are all great long-term business goals. However, very often these long-term goals can seem so far away that they become unrealistic. Breaking down these long-term goals into shorter more achievable goals is of paramount importance

1-Year Goals

1-year goals could be the calendar year, business year or financial year of your organisation. When entrepreneurs set these goals, they will often overestimate what is possible. They set huge goals, yet become disappointed at the end of the year when they aren’t achieved.
1 year from a goal setting perspective is very challenging to fully comprehend. Therefore, we must also set alternate goals that we can better estimate.

Power Year Goals

These are 3-month goals and are most important for entrepreneurs. Set one specific major goal to achieve in the next 3 months and set a few minor goals to achieve as secondary priorities. This helps maintain focus on one area whilst also progressing in other parts of your organisation.

Major Goals

Major goals are the primary focus, set every 3 months. Everything you do in these 3 months is focused towards completing this goal. This major goal needs to be constructed thinking about the Pareto Principle. You want to have a major goal that shifts your business forward much faster than anything else you could do.

Minor Goals

Every 3 months you will also set 2 to 3 minor goals. These are also of importance but are not the primary focus for the power year. These smaller goals support your business success and are completed in less time.

Be Goals

Be goals are used to help you become a better leader in your organisation. You may want to be decisive, be confident, be disciplined …etc. These are of great importance to enable you to continually grow into the entrepreneur you must become to effectively lead your organisation.

NOTE: You are a human being not a human doing. You don’t have to do a certain thing in order to be a certain way. Instead choose to be the leader in your organisation now to exponentially increase your success. For further reading on this look at The Secret No One Told You to Boost Business Success.

Pro and Cons of Goal Setting

The top 3 benefits of goal setting:

1. Clear direction for the business

Having a clear direction for the business is of great importance as an entrepreneur. Goal setting helps achieve that by giving you a clear focus so that you don’t become distracted with other tasks. This clear direction means you can make fast progress in a short amount of time to achieve what you desire in your business.

2. Specific priorities

By having goals, you are creating priorities to focus on. You can see what is important for your business right now. Instead of randomly choosing tasks each day, you clearly have a priority that you know will help improve your business. This helps increase your productivity day to day as you clearly know your priorities.

3. Motivation

Having a goal helps you and your team feel motivated. You have something to work towards and very often you will make much more progress having a clear target to hit. If your goal isn’t motivating you then you must go back to the 8 key steps to goal setting template and determine your big why.

Top 3 cons of goal setting:

Feel stressed

The biggest issue with goal setting is that you can feel stress to achieve the goal. With deadlines approaching, juggling multiple teams or even managing lots of projects, goal setting can make you feel very stressed.
Some entrepreneurs do not set goals because of the stress that it causes them. If you experience stress with goal setting then do check out: the biggest mistakes of goal setting below for an understanding as to why this occurs.

Inability to react to opportunities

Very often entrepreneurs can become so focused on the goal that they miss out on other opportunities. It is important to have a balance of goal setting whilst also the flexibility to take advantage of other opportunities in your field.
The key to overcome this drawback is to regularly check in to make sure you are making the progress you desire to the goal.

Out of balance

Entrepreneurs enjoy stretching themselves and their organisation with large goals.
The issue that occurs for many people, and you too may have experienced this, is that you can become out of balance in life. You work yourself to the bone to achieve the goals but it costs you relationships, health and even money in the process.
If you feel out of balance and overwhelmed with goal setting, then make sure to create systems and habits to allow you to maintain balance whilst stretching yourself.

8 Key Steps to Effective Goal Setting

1. Create your long term Goal

The first step is to set long term Goals for your business that you want to achieve. We must have clarity on the destination before you can start to make smaller goals to move you in that direction.

2. Big why

Having a goal is one thing, following through and making it happen is a whole different ballgame. The big why are all the reasons as to why you want to achieve this goal and make it happen. It is the fuel in the car that keeps it going. Most people fail to achieve what they want because they miss this step.

3. Set your power year sprint

Once you know the long term goal, now it is time to set a short term power year. This will include 1 major and a few minors for you to focus on over the coming 3 months.

4. Capture your ideas

Write down all the ideas you and your team have that can help you achieve your major goal. You then want to chunk them into relevant groups of tasks for your team or yourself to efficiently complete.

5. Prioritise

After you have a clear idea of all the tasks you have available, you want to prioritise so that you are being efficient with your time. Clarify which tasks are most important to be done and in what order.

6. Take action

After you do this, immediately take action on one thing that starts to move you and your team towards your goal. The reason I say immediately is that it starts to build momentum. A plan without action will always be a dream. Make sure to hit the ground running!

7. Measure progress

This is another step often missed by entrepreneurs as they focus on the business. Remember that you can set a goal, but if you only check in once every 3 months, you could fall off track. The more important the goal is, the more you want to measure to make sure you are on track.

8. Re-evaluate

As you start to move forward you must adapt your initial plan depending on the results that occur. You may shift priorities or have more ideas. The key is to evaluate on a weekly or at the very least monthly basis, to see if you are on track towards achieving your goal.
There are actually 2 other steps missing here that most entrepreneurs miss out on. Download the goal setting template below to find out what they are.

Biggest mistakes when setting goals

1. Create too many SMART Goals

Avoid setting SMART goals all the time in your organisation. Too many SMART goals often cause an imbalance in your organisation and your life. I have seen too many business owners’ set multiple goals, yet make little progress towards completing them.

Set a clear focus for each quarter and align your employees around this central theme. For an analogy to explain what I mean here check out: what chess can teach us about goals in life.

2. Analysis paralysis

Analysis paralysis occurs when you analyse so many options that you become paralysed in your decision-making. Nothing gets done and instead you become overwhelmed with too many options. It is of fundamental importance to not become overwhelmed in setting goals in your organisation.

If you feel overwhelmed frequently, then check out: why entrepreneur’s feel overwhelmed in life.

You want to become a leader in decision making which means making decisions fast and changing them slow.

3. Misalignment

If you want success but you fear failure, you have a misalignment. This means you are taking 2 steps forward and 1 step back. This is the number 1 reason as to why entrepreneurs don’t have the success they desire.

If you feel resistance to following through on your goals, then make sure to check out the 8 lifestyle blocks for entrepreneurs to find out what is stopping you moving forward in the fastest way.
Lifestyle blocks included here.

4. Harmful habits

We can have the best of intentions yet if our habits are pulling us back then we can’t achieve what we want as entrepreneurs. You must make sure that the habits you have day to day are helping you achieve what you desire in your business. Make sure you have atleast 3 of the Top 7 habits of productive entrepreneurs

5. Lack of Focus

Have you ever set a goal, but a few weeks later become distracted by another option to improve your business?
Perhaps you tried to do both of these things or even more options at the same time. This is incredibly common which is why having a clear focus for 3 months at a time can help you stay sustainably on track.

6. Low energy

Having low energy is a huge issue when it comes to following through and achieving goals. You have the best of intentions yet in the mid-afternoon your energy is low. You can’t seem to focus and you struggle to concentrate.

If this is something you struggle with, then you will want to learn how to maintain energy throughout the day as an entrepreneur?

7. Unrealistic goals

If the goal is unrealistic for your team then they will be less motivated to follow through. For all the goals that you set, make sure that you have a realistic plan to help you achieve it. As you work with your teams you can always work with them to set goals that are more realistic whilst also stretching them to achieve more.

8. Negative emotional state

Your emotional state is the foundation to help keep you sustainably on track whilst inspiring your time. Make sure that you have a routine to support you in maintaining a great emotional state throughout the day.
If you become angry easily or stressed easily then look into creating a morning routine that supports you emotionally each day.

For a few examples of great morning routines of entrepreneur’s check out this article: 5 morning routines of successful entrepreneurs

Time to get moving!

Now if you are feeling a little overwhelmed with all the different aspects of goals setting, don’t worry. Goal setting is an art that takes time to master, start by setting and achieving goals that are most important to your business.

With 90% of start ups failing, entrepreneurship can be a roller coaster of a journey. While the risk is high the reward is what draws people to it. My guess is that you are an entrepreneur who is willing to take the risk in order to create the freedom you desire.

You may want to have some support on your journey to help you achieve your goals even faster in the coming year. If you haven’t already do check out the Entrepreneur Lifestyle Accelerator as one of the best resources out there to help you create the goals you desire in the fastest and most sustainable way possible.

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