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Goal Setting
Goal Setting
Goal Setting
Goal Setting
Goal Setting
Goal Setting
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Goal Setting

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find out what your goals are and how they can help your business. This is a free lesson of three provided by http://www.InternetBusinessDemystified.com

find out what your goals are and how they can help your business. This is a free lesson of three provided by http://www.InternetBusinessDemystified.com

Published in: Business, Health & Medicine
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  • 1. This document is part of module 1 of the Inspiration from Henry Charles Bukovski: InternetBusinessDemystified.com online business building course. Sign up for free in “Knowledge without follow- order to get the next 5 steps…. through is worse than no knowledge.” Step 3 Goal Setting Estimated time for completion: 2 hours The key to setting effective goals is three- fold: You must know what you want You must be clear about what you want You must set the right goal for yourself Many people set complex goals, or write them out in such a way that it is confusing. Some people don’t know what they want or set goals that are not for themselves. For example, a personal goal might be to give up smoking, but the reason is your partner or child has told you that you should do it. This is not your goal. It’s not motivated by you. The following exercises will help you set clear, meaningful goals based on the S.M.A.R.T goal setting formula. Let’s start off by defining what success is for you. Success is different for every person. It could be money, power, fame, philanthropy, or anything that is important to you. Success for you might be making an extra $1,000 a month. For someone else, it might be $10,000 a month. It’s all relative. Think long and hard about this question. Success for me is… Define this as best you can. Be as descriptive as possible. For example:
  • 2. Success for me is being able to provide for myself, my family and others who may need assistance. I’ll know when I have achieved success, because I won’t have to worry about providing for the people I care for and love. Now it’s your turn. Finish this sentence: Success for me is… ________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ My long-term goal is… This can be a 5-year goal. Again, be descriptive. For example, my long-term goal is to have 3 successful businesses, both offline and online. Each business will be as automated as possible, to allow me to earn passive, residual income. I will be earning at least $20,000 per month online, and $20,000 per month through my seminar and consulting business. Now it’s your turn. Finish this sentence: My long-term goal is… _____________________________________________________ ________________________________________________________________________
  • 3. ________________________________________________________________________ ________________________________________________________________________ I want to achieve this goal because… This will enable me to ensure that I can provide for all the people I love and care for. It will also enable me to teach others how to become successful and run their own businesses. Now it’s your turn. Finish this sentence: I want to achieve this goal because… __________________________________________ ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ Now break down the goal into manageable chunks. We’ll do this by setting the benchmark of what we wish to achieve within 12 months. Within twelve months I will be… Within twelve months I will be earning $10,000 per month by providing my clients with coaching products. The majority of these products will be automated downloads, thus freeing my time to concentrate on promotion and seminar delivery.
  • 4. Now it’s your turn. Finish this sentence: Within twelve months I will be… _____________________________________________ ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ Within six months I will be… Within six months I will be providing at least 2 digital products for sale. I will be selling 10 of these each day. My monthly income will be $5,000 from these products. Now it’s your turn. Finish this sentence: Within six months I will be… _________________________________________________ ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ Within one month I will be…
  • 5. Within one month I will be finished developing one product, which I can market and sell to my target audience. This product will be a downloadable product and the purchase, and delivery will be fully automated. Now it’s your turn. Finish this sentence: Within one month I will be… _________________________________________________ ________________________________________________________________________ ________________________________________________________________________ ________________________________________________________________________ As you can see, we’ve broken down our goals. We can do this further. Let’s say that you want to make $5,000 per month. Break this down. Your total income will be at least $60,000 per year Your monthly income is $5,000 Your weekly income is going to be $1250 Your daily income, based on a 5 day week $250 (remember the aim is to have an automated business) Your hourly income is $31.25 – based on an 8-hour day. Now you know your hourly rate of “pay.” As you can see $31.25 an hour is not a huge amount. However, now you know what you’re hourly rate is (this will increase as your business grows). Now making $5,000 a month seems manageable. You see it’s all about chunking down.
  • 6. In order to achieve this goal, you need to make 1 sale an hour, price your product at $35 and get 8 sales a day. Your goal is specific, measurable, actionable, realistic, and timed. It’s a perfect S.M.A.R.T. goal.

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