Why You Need Monthly Goals to Succeed
BY CHRIS SAVAGE
By Susan Suarez
Reliable Life Strategies Inc.
By Susan Suarez
Reliable Life Strategies Inc.
Why Are Goals Important?
Some things are so glaringly obvious they can’t be denied, like the importance of having goals.
Goal setting is a process backed by a universal law that says what you aim for, focus on, and work towards, over time will be yours.
Your brain needs something to aim for.
Like a missile, once your it locks onto its target it will use everything at its disposal to make the hit.
In this article we'll talk about the power of goals, how to set them, how to implement them, and how to achieve them.
Setting goals you REALLY want means you’re willing to make sacrifices in order ot have them.
So let's get into it.
What Are Some Good Monthly Goals?
Monthly goals are short term goals.
You’ll also have your long term goals (buy a home, travel overseas, lose weight, etc).
The purpose of monthly goals is to break down your bigger goals into manageable sized chunks.
Don't overcomplicate the process.
You need a clear vision of what you want and a plan for how to get it.
Once you have your plan in place it's time to take aggressive action on it.
If you find yourself not fully motivated and committed to your goal, it's probably not the right one for you at this time.
Choose a new goal that excites you.
What Are Some Different Types of Goals?
While thousands of books have been written about goals, they essentially say the same thing.
There are three types of goals you can set for yourself, your team, and your business.
1. Process Goals
Process goals are centred around your behaviour.
Process goals are the behaviours, habits, and strategies you have that will ensure you eventually reach your final target.
If you want to start a business, your process goals would be putting together a business plan, marketing strategy, and a financial summary and forecast of expected returns.
They’re not the final goal but they’re the essential elements to making it happen.
Process goals are entirely in your control to make happen.
2. Performance Goals
While your process goals are the ‘what’, your performance goals are the ‘how’.
In the above example for your business, how will you assimilate the information for your business plan?
How will you gather your financial data to accurately reflect the true cost of starting and growing your business?
An easy example would be to first obtain a foundational education in business and start costing your startup through market research and analysis.
You can apply this to any of your goals, business is just one example.
So you know what you have to do, and how you’re going to go about it. you need to solidify your final outcomes.
Now you need to solidify your expected outcomes.
3. Outcome Goals
An outcome goal is the end result you intend to fulfill.
Continuing with our business example, your outcome goals might be “My business will generate $1m annual revenue with a 30% profit margin”.
You would then set your process and performance goals to support your final outcome goal.
Outcome goals differ from process and performance goals in one key aspect: Control.
You have full control over executing your processes and defining your performance metrics, but you don’t have full control over your outcomes. Why?
Because you could set your business outcome and design the best processes and performance metrics.
Then you can take action and start your business, only to have the economy crash.
Your industry could be disrupted by new and superior technology, or a new competitor with all your hard work leading to nothing.
Don’t let this deter you from your goals. It doesn’t have to finish you off.
It could even lead you to reach an even grander vision for yourself down the track.
Just keep it in mind and know it’s a possibility. You can also build in risk buffers to cushion the pain if things do go wrong.
Outcome goals require a degree of luck from your external environment.
But 99% of the time you create your own luck in any goal you want to achieve.
Break Your Vision Down Into Monthly Goals
What can you do this month that will move you closer to your goals?
Don’t overburden yourself but at the same time don’t cheat yourself either.
Your monthly goals are a powerful part of your arsenal in getting what you want.
They keep you accountable and on purpose. If you don’t have them it’s too easy to veer off course and drift aimlessly.
That final outcome goal becomes so far off and unattainable that you start losing hope and drive.
But your monthly goals will keep you focused in the right direction.
They'll keep you motivated to keep taking the right actions.
This all leads to measurable progress towards your end result.
How to Set Monthly Goals?
Your monthly goals are the bridge that gets you from where you are now to where you want to be.
Here’s a monthly goal setting system that is easy to implement and it works.
I know it works because I use this system myself.
1. Define Your Outcome
To get what you want you first have to know what it is. Clearly define your outcome in as much detail you can.
First of all what is it? Then what will life look like when you have it and how will you feel once your goal is achieved?
Of course you need to set goals that are meaningful to you.
Throwing out vague desires is a waste of your time.
Be specific about what you want and make sure you have a fiery desire to have it.
2. Develop a Plan To Get Your Outcome
Now that you know what you want, how do you intend to get it?
Here’s where you put together an overall plan about how to get your goal.
Processes, resources, skills, include everything.
It’s likely if your goals are big enough, your plan will be a lot more complex than you originally expected it to be.
But don’t let that deter you, the next step will break it all down into simple steps you can easily accomplish.
3. Break Your Goals Into Steps
Take your plan and start breaking it down into stages. What do you need to do first? Then what’s next?
When you’re breaking your plan into stages you only need to plan a few stages ahead.
This is because, by the time you get to step 4 you’ll have learned from steps 1-3.
Step 4 might involve something you never thought of or planned for.
Don’t overwhelm yourself, take it one step at a time, and do that step well.
If you take this approach and stay consistent things will work out for you.
4. Know Where You Are Right Now
Before you get started you need to know where you are now.
Are you starting with nothing, at stage zero? Or have you already made significant progress towards your purpose?
Knowing where you are will determine your first/next course of action.
If you start from the wrong place you’ll waste valuable time and resources. Keep your process and plan as linear as you can.
It might feel slow-moving when you start but like anything as you progress you gain momentum and leverage, speeding up the process.
5. Focus Only on This Month
Set a few key accomplishments that if you got them done this month you would be making progress towards your long term goals.
They might be simple tasks, they may be more complicated, but whatever they are, get them done.
A good rule of thumb is to always stretch yourself.
Don’t leave it until the last week of the month before you take action on your list.
“Start hard, go hard, finish hard” is a good affirmation.
6. Take Your First Step
What’s the very first step you need to take to get things moving?
It could be a phone call, doing some research online, or enrolling in a course of study.
The first step will be different for everyone, depending on their own personal goal.
Keep it simple for this one. Don’t overwhelm yourself by setting the most unattainable goals as your first step.
Chunk them down to simple steps so you hardly have to think about them. Just do them and move on, no big deal.
7. Get It Done, No Excuses
And finally the most important step in attaining anything in your life - ACTION.
The action doesn’t always mean giant, extraordinary leaps of activity.
Action can be small, measured steps.
But if your not willing to take action, don’t set the goal.
Go and do something else.
Success isn’t attained by the smartest or most gifted people.
Success is accomplished by people who know what they want and keep taking action until they get it.
That's you. Go get it!
Quotes About The Power of Goals
“If you want to live a happy life, tie it to a goal, not to people or things.”– Albert Einstein
“One way to keep momentum going is to have constantly greater goals.”– Michael Korda
“Begin with the end in mind” - Stephen Covey
“You should set goals beyond your reach so you always have something to live for.”– Ted Turner
“The greater danger for most of us isn’t that our aim is too high and miss it, but that it is too low and we reach it.”– Michelangelo
“If you’re bored with life – you don’t get up every morning with a burning desire to do things – you don’t have enough goals.”– Lou Holtz