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Edmonton Business Consultant | The Importance of Setting Goals

Edmonton Business Consultant | The Importance of Setting Goals

One of the most important ways that an entrepreneur can ensure that they are working towards growing their business according to Edmonton business consultant, is by setting goals. Harvard business study did a survey and found a 83% of the population does not have goals. They also found that those who had set goals in their life were 14% more successful than the people who did not set any goals. 

However, the most telling statistic from the study was that people who had set goals and also wrote them down three times more successful than those who had set goals but not written them down. In order for an entrepreneur to be successful in their business, they need to have an idea of what that success looks like, in order for them to be able to achieve it. Otherwise, they may end up working very hard in their business, but end up not growing their business.

Not only is it important for entrepreneurs to set business goals, but they also need to ensure that they are setting goals in their personal life as well. Edmonton business consultant says that entrepreneurs need to keep in mind why they became an entrepreneur in the first place. Was to enhance their life, for their family and themselves. Therefore, ensuring that they are working towards personal goals can help them articulating what they want in life so that they can achieve it.

A great goal for entrepreneurs to work towards is a personal financial goal. An entrepreneur may say that they want to be a millionaire, or save a million dollars for their retirement, but it does not necessarily needs to be that large. For example, a great personal financial goal could be paying off a debt like a credit card or loan, or saving money for a house, a vacation, or to make a purchase like an RV your boat. Or, the financial goal could just be to start automating their savings account.

Another important goal for entrepreneurs to set according to Edmonton business consultant is a fun goal. Since an entrepreneur’s time is very scheduled and very important, it still important for them to have fun. They need to keep in mind what is fun in meaningful for themselves, they can use as a reward for all the hard work they are putting into their business. 

It may be doing something like playing a sport like golfing, it might be playing music, or it might be travelling. By keeping fun goals in mind, can help push an entrepreneur through the long days and week of entrepreneurship.

In order for entrepreneurs to get the most out of life, they should set goals for their business as well as their personal life, so that they can ensure that they are working towards a life of purpose. Setting goals and writing them down can help ensure that while entrepreneurs are working very hard to grow their business, there also ensuring they are getting the most out of their life as well.

Edmonton business consultant | the importance of setting goals continued

If entrepreneurs do not set goals in their life, they end up not knowing what they want, and therefore how to achieve it and end up wandering through life wondering what happened says Edmonton business consultant. And Michael Gerber, the author of the E myth said it best “with no clear picture of how you wish your life to be, how on earth are you going to live it? What is your primary aim? Where is the script to make your dreams come true? What is the first step to take and how do you measure your progress? How far have you gone and how close are you to getting your goals?”

As not just important for entrepreneurs to set of business goals, but also personal goals as well. That way, an entrepreneur can ensure that while there working hard to achieve business success, there keeping in mind the reasons why they wanted to be successful in the first place. When sitting down with Edmonton business consultant, they often like to ensure their clients are focusing on family goal. 

The reason why is because the family is often the main reason why entrepreneurs are driven to start businesses in the first place. So they can build a business that will allow them to eventually spend more time with their family. In the meantime, setting a goal about being present when an entrepreneur does spend time with them is very valuable. Whether it is being present meaning and entrepreneurs giving them their undivided attention, or scheduling in an entire day to spend with them, by ensuring that an entrepreneur has set a goal surrounding family, can ensure that there making time for this important aspect of their life.

Another extremely important goal is for entrepreneurs to have a fitness goal. Many business owners are not sure why this is so important, but in order for an entrepreneur to stay healthy for as long as possible to benefit their business, their family and themselves, they should ensure that they are making strides towards health. 

It does not need to be a lofty goal like running a half marathon, or losing a certain amount of weight, and the Edmonton business consultant recommends that just making a goal to be active on a regular basis is enough. Then they should ensure that they are creating a plan around it so that they can do it safely, and in a way that will allow them to stick with it.

Setting goals are extremely important for all people, and especially entrepreneurs. By ensuring that they have goals for their business will help them grow in a measured way that will allow them to see success as they define it. As well, personal goals will help them ensure that they are getting the most out of their life during the times that they are not working on their business.

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