By Adam Khoo
You can have all the drive and energy, but without the right
strategy, you will never get what you want. By the same token,
every outcome is possible, given an effective strategy.
For example, imagine yourself as the small business owner of a
fruit shop that makes $10,000 in profits a month. Let's say that
you decided to set a goal of increasing profits to $15,000 a month.
Would that be possible? Probably. You could work a lot harder,
raise prices, increase trading hours, sell on-line or create a
loyalty program.
What if you set a goal of making $3 million a month from your fruit
business? Would it be achievable? Most people would say, 'of course
not, there is no way you can make that kind of money from a fruit
business like that!'
True enough. Making $3m a month from that fruit business is
impossible, if the owner continues to use the same business
strategy.
Yet, if he were to completely change the way he now does his small
localized fruit business, would it be possible?
For instance, the strategy he could use would start by his studying
how to greatly expand his market: he would write a dynamic business
plan, raise capital through investments, invest in R & D to develop
a superior brand of fruit (for eg. Organic certified food products
are seeing phenomenal growth everywhere as people become health
conscious) and widen his range of fruit (eg: offer sun dried fruit
without sulfur, candied fruit using organic sugar, pureed fruit
rolls for kids), support reliable new suppliers, build a franchise
system and then license thousands of business owners around the
world to sell his fruit.
Would it then be possible for him to earn $3 million a month? Of
course it would! With enough flexibility in our strategy, we can
achieve just about anything.
You still wonder how a local fruit shop can possibly expand and go
global? Impossible?
Well, how did a British housewife create some skin and hair care
products in her kitchen using fruits and vegetables and then pit
herself against billion-dollar, heavily advertised international
cosmetic brands succeed nationally and then globally?
She developed the right strategy, which included the right unique
products. This person I am referring to is Anita Roddick who
founded the multi-million dollar chain of Body Shops.
What I have found time and again is that people who are able to
produce exceptional results use different strategies from the
majority.
When I had the opportunity to work with the top 1% of insurance
agents (average yearly income of over $500,000), I found that they
did not just work harder than the 97% who earned less than $50,000
a year.
They used a completely different approach in managing their time,
generating leads, converting sales and creating repeat businesses.
So, taking your cue from the winners, study their strategies. If
you want to be a millionaire, study the strategies of millionaires.
If you want to be a great leader, model the patterns of great
leaders.
>>> Get more business strategies here!
P.S. Don't know who is Adam Khoo? Wanted to know him more?
>>> Get a FREE exclusive interview on how Adam becomes a millionaire at young age...
Sunday, August 5, 2007
Three Major Keys to Powerful Goals
By Adam Khoo
Are you ready to sit down and start designing the kind of life you want? Before we get started, there are three major keys that every one of your goals must have.
They must be:
1) Be Specific & Measurable
The more specific you are, the more focused your mind and efforts will be. Specific and measurable outcomes will lead to effective strategies and actions. If you want your health to improve, you must set specific and measurable targets such as 'how much weight do I want to lose?'
'What pulse rate do I want to achieve'
'what is my targeted body-fat ratio?'
'How many hours must I spend in the gym each week?'
'How many calories will I allow myself to take in a day?'
'How many miles should I run or how many laps must I swim at each session and how many times a week?'
Under personal development goals, you may want to set goals such as...
'What new languages do I want to learn? And to what standard?'
'How many books do I want to read each month, and in what areas?'
You must also be specific about the time frame you are giving to each goal and list a specific date of accomplishment.
2) Passionate and Exciting
Have you ever been so passionate and excited about doing or achieving something that it kept you awake all night? You kept thinking about it every waking moment? Maybe it was your first trip to an exciting new destination. It could also be participating in an important tournament, meeting that special person or planning your 21st, 30th, 40th birthday celebration.
When we are passionate about achieving something vitally important to us, it gives us a level of energy and focus that cannot be matched. It is this level of passion and excitement that we must have for our goal(s), if we ever want to achieve it!
When people ask me, 'Where do you get the energy and discipline to keep writing books, developing seminars and starting new companies?', I reply by saying that I get so passionate and excited about my goals, to the extent that they charge me up continuously.
I sleep, breathe and dream my goals every single day until they are achieved! Then I set a new one, at a higher level!
When people seem to lack discipline or will power, it is not that they are lazy, it is simply because their goals are not exciting enough for them. They are not passionate about what they want to achieve!
Tiger Woods loves to play golf. Donald Trump loves the art of the deal, Steven Spielberg loves to make larger-than-life movies and Bill Gates loves technology and the idea of shaping the world. Even if they had all the money in the world (which they do), they would still be as obsessed with their goals.
So, you must set goals that you are passionate about. How? Simply ask yourself this question, 'Even if I had $10 billion, what would I still want to do and accomplish? What would I be willing to do for free if I had all the money in the world?'
Write down what you are truly passionate about and what comes from your heart rather than just from your mind.
3) Stretch Goals for Quantum Results
Most people I know tend to subscribe to setting for themselves merely incremental goals. Incremental goals are goals that are slightly higher than what you are currently achieving. For example, if you were making $2000 a month in income, an incremental goal would be $2500.
A stretch goal, on the other hand, is when you set for yourself an outcome that is way beyond your current level of ability and skill. If you were making $2000 a month, an example of a stretch goal would be one aiming for $10,000 a month.
I believe that the most powerful goals you can set are stretch goals. This was a key ingredient that allowed me to achieve so much within such a short period of time.
Use these 3 keys and your goals will propel you towards the success you deserve in life!
Want to learn how to set more goals for your life? Click here to check out more...
Are you ready to sit down and start designing the kind of life you want? Before we get started, there are three major keys that every one of your goals must have.
They must be:
1) Be Specific & Measurable
The more specific you are, the more focused your mind and efforts will be. Specific and measurable outcomes will lead to effective strategies and actions. If you want your health to improve, you must set specific and measurable targets such as 'how much weight do I want to lose?'
'What pulse rate do I want to achieve'
'what is my targeted body-fat ratio?'
'How many hours must I spend in the gym each week?'
'How many calories will I allow myself to take in a day?'
'How many miles should I run or how many laps must I swim at each session and how many times a week?'
Under personal development goals, you may want to set goals such as...
'What new languages do I want to learn? And to what standard?'
'How many books do I want to read each month, and in what areas?'
You must also be specific about the time frame you are giving to each goal and list a specific date of accomplishment.
2) Passionate and Exciting
Have you ever been so passionate and excited about doing or achieving something that it kept you awake all night? You kept thinking about it every waking moment? Maybe it was your first trip to an exciting new destination. It could also be participating in an important tournament, meeting that special person or planning your 21st, 30th, 40th birthday celebration.
When we are passionate about achieving something vitally important to us, it gives us a level of energy and focus that cannot be matched. It is this level of passion and excitement that we must have for our goal(s), if we ever want to achieve it!
When people ask me, 'Where do you get the energy and discipline to keep writing books, developing seminars and starting new companies?', I reply by saying that I get so passionate and excited about my goals, to the extent that they charge me up continuously.
I sleep, breathe and dream my goals every single day until they are achieved! Then I set a new one, at a higher level!
When people seem to lack discipline or will power, it is not that they are lazy, it is simply because their goals are not exciting enough for them. They are not passionate about what they want to achieve!
Tiger Woods loves to play golf. Donald Trump loves the art of the deal, Steven Spielberg loves to make larger-than-life movies and Bill Gates loves technology and the idea of shaping the world. Even if they had all the money in the world (which they do), they would still be as obsessed with their goals.
So, you must set goals that you are passionate about. How? Simply ask yourself this question, 'Even if I had $10 billion, what would I still want to do and accomplish? What would I be willing to do for free if I had all the money in the world?'
Write down what you are truly passionate about and what comes from your heart rather than just from your mind.
3) Stretch Goals for Quantum Results
Most people I know tend to subscribe to setting for themselves merely incremental goals. Incremental goals are goals that are slightly higher than what you are currently achieving. For example, if you were making $2000 a month in income, an incremental goal would be $2500.
A stretch goal, on the other hand, is when you set for yourself an outcome that is way beyond your current level of ability and skill. If you were making $2000 a month, an example of a stretch goal would be one aiming for $10,000 a month.
I believe that the most powerful goals you can set are stretch goals. This was a key ingredient that allowed me to achieve so much within such a short period of time.
Use these 3 keys and your goals will propel you towards the success you deserve in life!
Want to learn how to set more goals for your life? Click here to check out more...
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