Edmonton Business Consultant | Is Writing Down Goals Important?
Many entrepreneurs are no stranger to creating goals for their business according to Edmonton business consultant. They often go through goal setting either at the beginning of their business in a business plan, or they do that on a yearly basis at the beginning of their fiscal year to set the direction of how they want to grow their business.
However, entrepreneurs may not understand the value of setting personal goals. Unfortunately, if entrepreneurs do not know what they want in their personal life, they may wander through their personal life wondering what is happening. People who set goals are 14% more successful than people who do not set goals at all. This is an extremely easy way for an entrepreneur to increase success.
The reason why setting personal goals as well as business goals is because an entrepreneur should ensure that they are making the most of their personal life as they are building their business. By taking care of life as they build their business can ensure that they have a great life to live when they have built their business to the point that is going to give them the time they want.
By contacting Edmonton business consultant, entrepreneurs can find more about the importance of setting goals, and what areas to focus on.
They will find that there are six main areas of life where people should focus on setting goals. They are family, friendship, fitness, finance, funding and faith. Family is an extremely important area for entrepreneurs to set personal goals because families are often the reason why business owners are driven to start their own business.
They want to better their families life, so creating wealth, and building a business that they will be able to step away from in a few years they can spend more time with their family is often the driving force behind entrepreneurs. Therefore, creating a goal around family is important while they are building their business.
An example of a goal that an entrepreneur can create with their family in mind could mean ensuring they have a regular family dinner scheduled, ensuring that they are home before their children are in bed each night, or having regular one-on-one time with every family member.
It is also important for entrepreneurs to have a friendship goal. One of the reasons for this, is because entrepreneurs typically find this a very difficult gold cents. They are working up to eighty hours a week, working six days a week, and spending additional time with their family and spouse. This does not often leave a lot of time available for developing friendships.
However, Edmonton business consultant recommends that entrepreneurs make this a priority, so that they can ensure that they are connecting with others. This might mean scheduling and time for friends occasionally, or developing relationships with your business partner, or the clients that they have a commonality with in order to develop those relationships.
By setting goals in their personal life, entrepreneurs can ensure that they are building a personal life that has meaning, and that is going to allow them to enjoy time away from their business once they have built their company to appoint that is going to allow them to step away from it.
Edmonton business consultant | is writing down goals important continued
Business owners are often no stranger to setting business schools, and even writing those business schools down says Edmonton business consultant. In fact, most entrepreneurs do it on a regular basis through business plans that they create when they start their business, and update them each year.
They understand how important this is in ensuring that they are growing their business in a specific and measured way. In fact, Harvard business study showed that those who set goals were more successful than people without, however, those who had written down goals were three times more successful than those who just had general goals. Writing down goals help people think about it daily, which create plans to achieve them.
If entrepreneurs are looking for help creating personal goals, they should contact an Edmonton business consultant, in order to find what areas of life they should focus on first. They like to help entrepreneurs create personal goals in six main areas of their personal life: faith, family, fitness, finance, friendship, fun.
Many entrepreneurs may question why it is important to have a personal finance goal, when their business is essentially their big financial goal. Many entrepreneurs want to have their own business so that they can create their own wealth. However, a personal finance goal might be lofty like having a million dollars, or setting aside a million dollars for their retirement. Or could be a smaller financial goal such as paying off a credit card, or a loan.
An entrepreneur might want to have us finance goal that includes them saving for a house, a vacation, a boat or an RV. Or the finance goal might be something as simple as setting aside money every month into a savings account, or automating their personal savings.
Another important goal for entrepreneurs is to create a fun goal. This is designed to reward entrepreneurs for all of the very hard work and long hours they put into growing their business. Because their time is very scheduled and therefore very precious, an entrepreneur should ensure that there making the most of their free time with a fun goal.
This might be participating in sports such as golfing, playing soccer in a league, or a solo sports like swimming. Or, it could mean playing music, or travelling. An entrepreneur should create a goal that they are going to be able to use as a reward for all the hard work they are putting into their business. This can help an entrepreneur stick with it through the tough times, knowing that they are going to get something fun soon.
Setting these goals does not automatically mean that an entrepreneur is going to achieve them, that means that an entrepreneur’s personal life has meaning while they are building their business. Edmonton business consultant says that this is one way that entrepreneurs can ensure that their personal life is thriving while they are doing the difficult job of building their business.