What’s very telling is that most entrepreneurs and executives actually set relatively low goals. There are a number of reasons for this. By setting low goals, they can avoid feelings of failure and remorse with relatively easy hurdles to jump. Moreover, they can claim success and have a great sense of accomplishment by vaulting these easy hurdles. This approach to goal setting can do a wonderful job for their self-esteem and their perceptions of their competence, but it regularly and miserably fails to get great results, and that includes becoming wealthy.
Many self-made millionaires have extensive experience with disappointment and are not averse to lowering their sights. However, few of them are disposed to setting low aspirations. Instead, self-made millionaires have a tendency to go strongly in the other direction. In many business situations, they’ll set audacious goals: exceedingly high aspirations.
At the same time, these aspirations, though set high, are grounded in reality. This is not simply wishful thinking. Instead, there’s a firm logic behind the numbers.
In setting exceptional business initiative goals, you need to think big. Somewhat paradoxically, the bolder you are, the more likely you’ll meet and even exceed your aspirations. And, if you are going to fall short, you’re still likely to accomplish so much more than you would have otherwise.
Exceptional business initiative goals are very powerful in keeping you highly motivated and helping you concentrate your actions in highly productive ways. They also ensure you stay devoted to getting results that truly matter.
Key aspects of setting high aspirations: Exceptional business initiative goals are appropriate to all aspects of your professional life. The following considerations can help you think through your exceptional business initiative goals:
- Look just beyond the horizon of what you feel is realistic and reasonable. Your aspirations should be just out of reach, but with considerable effort, reachable. It’s all about knowing that you’re going to have to make that extra, extra effort if you’re going to hit these goals. Again, they cannot be too far out of reach, or they become no more than fantasies.
- Shrink the time horizon. Identify how long you think it’s going to take for you to achieve these goals. Now, shorten the time horizon. This is adding additional pressure to achieve, and it’s going to make you do more to get there.
- Specify how your business initiative aspirations will translate into personal wealth. Connect all the dots between your exceptional business initiative goals for centers of influence and your personal fortune.
- Memorialize your aspirations for each of your business initiatives. Write them down and continually refer to them. It can also be helpful if you share them with close confidants. By codifying your exceptional business initiative goals in these ways, you’re ensuring that you don’t delude or cheat yourself, and it turns out to be both motivating and attention focusing.
When it comes to business initiatives, your high-set goals should be brash and aggressive, yet based in reality. They’re regularly essential to stellar business success, and, consequently, your ability to create meaningful personal wealth.