setting business goals

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setting business goals

Statistically speaking, setting goals is more important for your business and even personal life than you may think.

A Harvard study found that only 3 percent of Harvard’s MBA graduates had clearly written goals. Ten years after graduating, those who had unwritten goals (about 13 percent) were earning about twice as much as those without goals. The 3 percent who had written down their goals were making on average 10 times as much as all other graduates.

Mark Till, author of , found in his research that studios with a written business plan gross an average of 50 percent more than those without a plan, so get your plan in place.

When planning and writing out my goals, I focus on each of the following areas: faith, family, friendship, fitness, fun, freedom, fulfillment and financial.

Each means different things to different people, but by setting goals in each one of these areas, we can be sure to reach that balance we all strive for. Tony Robbins said, “Setting goals is the first step in turning the invisible into the visible.” We all have dreams. Those “what-ifs” and “if- onlys.” Make those invisible wishes realities by planning them out, writing them down and setting actionable steps to reach them.

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To read the full article, launch the digital version of the January 2014 magazine.

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