How Setting Constant Targets Elevated My Income By 100%

“Individuals with clear, written objectives, accomplish way more in a shorter time period than folks with out them may ever think about.”
-Brian Tracy

10 years in the past, I enrolled in my first teaching program referred to as The Strategic Coach, a program devoted to serving to entrepreneurs obtain exponential development.

I seldom use the expression “sport changer,” however this program is simply that.

I plan on writing future weblog posts sharing what I’ve realized from this system and the way I’ve benefited from it.

My hope is that you just’ll additionally achieve some key takeaways which you can apply to your personal life.

Every quarter, I spend a full day with different like-minded entrepreneurs in a classroom-like setting, going over the fabric for that day.

Earlier than we get began, we have a good time our “wins” for the earlier quarter, serving to us acknowledge all the pieces we’ve completed previously 90 days.

Consider me, as busy as I’m, I generally lose sight of all of the wins – large or small.

The subsequent half that we discuss is what I wish to concentrate on right this moment.

G-O-A-L-S

One other a part of our day is concentrated on writing our objectives for the upcoming quarter, in addition to revisiting/updating our 1-year, 3-year, and lifelong objectives.

Previous to becoming a member of Strategic Coach, I had a good behavior of writing down my objectives initially of every 12 months.

I assumed that by publishing my objectives as weblog posts, I’d keep dedicated and obtain extra.

Guess what occurred?

I revealed one other weblog put up shortly after I revealed these.  And one other.  And one other.  And one other.   You get the purpose:

I forgot about these objectives and I barely revisited them.

Now, due to my teaching program, I evaluation my objectives constantly and may visibly see what I’ve performed, and what I have to do.

That self-discipline has yielded exponential ends in my enterprise and in my private life.

Enterprise-wise, my income has elevated nearly 100% since I began creating and constantly revisiting my objectives.  Much more spectacular is that I’ve been capable of construction my enterprise to the place I focus extra on the issues I like to do, reasonably than the issues I’ve to do. 

As I stated beforehand:  #gamechanger.

Beneath, you’ll discover my most up-to-date set of objectives that I wrote down just a few weeks in the past.   I’ve tried my finest to be as clear as I can, in hopes you’ll discover some profit from it.

Relating to a number of the income objectives, please preserve the next in thoughts:   I’ve been a monetary advisor for 10 years, and am now the CEO of my very own firm.  You may examine a few of my journey right here and right here.  Additionally, my on-line enterprise has been going for five years sturdy. You may sustain with that journey on my and my spouse’s joint weblog, Dollars and Roses.

Okay, let’s check out my objectives….

Quarterly Targets  (This quarter ends January twenty fifth)

1.   Launch Good Monetary Cents Podcast –  This contains ordering intro off of Fiverr.com and recording not less than 11 episodes (4 earlier than submitting to iTunes).

2.  Launch redesign of Good Monetary Cents.  I’ve had a designer engaged on this since mid-July.  The design is full and now I’m looking for someone to transform the design into new WordPress theme Genesis.  You may get a way of the colour scheme of my podcast cowl artwork above and right here’s one other take a look at my new brand:

3.  [Done] Give killer discuss at FinCon.  I went; I spoke; I conquered.  You may learn my spouse’s recap of the occasion here.

4.  Schedule Disney Cruise with household.  This summer season, we went to a number of conferences and took a spontaneous journey to go to one in all Mandy’s blogging buddies in Pittsburgh, however we by no means took an precise household trip.  A part of the problem is that Mandy thought we would get a free cruise by way of a deal on her weblog.  That, sadly, by no means got here by way of, and summer season got here to screaming finish.

I’ve by no means been on a cruise.  I used to be presupposed to go on two earlier than, however my deployment to Iraq interfered with the primary one, and Mandy’s new hiring at her outdated job interfered with the second.  Since I completely hate the winter, I assumed it might be enjoyable to take the fam someplace heat.  I’m already able to go!

5.  Full Course for Wisebread.com. Beginning final 12 months, I began working with the peeps over at Wisebread.com as their “CFP” contributor. They’d, and have, an awesome neighborhood over there, however they have been in want of getting an professional with credentials who’s additionally obsessive about running a blog. Enter me. 🙂

We’ve determined to concentrate on a making a course that talks about the important thing rules of my guide, which shall be obtainable should you join their e-mail listing. Getting my guide and my model much more uncovered to their viewers is big.

What’s much more large is that the fabric I create for the course can even be provided for my readers, too. Nothing like doing work on a venture that can be utilized in a number of locations.

This was a purpose that wasn’t initially on my radar till after attending FinCon, so that is undoubtedly a main instance of getting to regulate on the fly and go together with what’s sizzling.

1- 12 months Targets

1. Gross Revenues from all enterprise will exceed $750,000.  This may embrace Alliance Wealth Administration, LLC and all of my on-line companies.  The final word purpose is to see if my on-line income can surpass my monetary planning apply.

2. Streamline duties of Alliance Wealth Administration, LLC. Provoke methods and processes that permit my workforce to deal with the brunt of the work. To make this occur, the next have to happen:

• Convey on a strategic associate to change into the Chief Funding Officer who will deal with most of my purchasers’ wants (realizing that some “A Shoppers” will wish to proceed to work with me). Going ahead, that associate would take the lead on any new shopper relationships.
• [Done] Rent a “Director of First Impressions” to deal with all incoming and outgoing calls with purchasers. This individual will have the ability to be educated by Brenta (our present shared assist workers).
• [Done] Transfer junior advisor from salaried place to 1099 Unbiased contractor standing, to deal with life insurance coverage division.

3. [Done] Launch a podcast particularly for {Dollars} and Roses. Our purpose shall be to do 2 podcasts per thirty days. I’m nonetheless leaving a door open to launch a Soldier of Finance podcast to assist with guide advertising.  (Observe:  I’ve determined towards the Soldier of Finance podcast and can as an alternative do a Good Monetary Cents podcast.  See quarterly purpose.)

4. Launch administrative duties of Good Monetary Cents. This contains: scheduling of posts, inserting photos, including meta-tags, formatting posts, coping with advertisers.

5.  Schedule a 2-week RV journey with the household. As a child, my mother and step-dad would take a childhood good friend and I in a motor residence and simply drive. We toured northern California, Oregon, and Nevada, making a number of the finest recollections of my life. I would like my youngsters to have that have. The one “should see” vacation spot would be the Grand Canyon;  all the pieces else shall be an journey.

3- 12 months Targets

1. Whole revenues from all enterprise to exceed $1 million per 12 months. Final purpose is to internet (after bills) $1 million per 12 months. My purpose is that over 60% of this income will come from my on-line companies.

2. Make my function with Alliance Wealth Administration, LLC to be extra of the face of the operation. I’ll conduct evaluation conferences and joint preliminary conferences with larger purchasers, however a lot of the work shall be performed by my workforce. For this to succeed, I have to implement the plans acknowledged in my 1-year objectives.

3. Content material producer (and solely content material producer) for Good Monetary Cents and {Dollars} and Roses. Content material would come with writing weblog posts which might be significant to me, conducting interviews, and producing movies. To permit me to concentrate on this, I would like the next:

• Safe a full-time weblog editor/affiliate supervisor who will proofread, schedule posts, and handle all affiliate alternatives.
• Proceed to leverage freelance writers and VA’s to automate enterprise.

4. Stay overseas with complete household for no less than 3 weeks (4 most well-liked). My preferrred nation is Australia.  This was truly a 1-year purpose, however my spouse thinks taking 3 younger boys (present ages are 6, 3, and a pair of) and residing overseas could be extra ache than it’s price.  At first I dismissed it, however then I remembered how our 2 year-old could be a little bit of terror (see pic beneath).

I determine/hope/pray that in 3 years, the Rose fam shall be prepared for our first European (or Australian!) trip.  🙂

Lifetime Targets

1.  Non secular chief of my family.   I would like my youngsters to see me first as a God-loving father who places his religion first earlier than success.  I wish to frequently love and assist my spouse, and achieve this in an Godly method.

2. Stay a protracted and filling life with my spouse and household. Elevate my youngsters with the philosophies of: working laborious, however not sacrificing “work” for what you’re keen on; love first; and deal with folks with respect (Golden Rule)

3. Have a number of multiple-system pushed companies that produce >$100,000 a month of passive earnings.

4. Stay in a number of nations (5+) for an prolonged time period (minimal 3 weeks) with complete household

5.  Encourage over 1,000,000 folks to spend money on themselves.  This may be by way of conventional investing (Roth IRA, 401k), acquiring the next diploma or certification, or investing in a small enterprise.  Extra on this purpose within the coming months.

6. Be a profitable entrepreneur and best-selling writer of quite a few works. I wish to be acknowledged as as a tough employee who put his household and religion first.

What if I don’t obtain my objectives?

Nice query!   If I don’t obtain my objectives for that quarter, I don’t beat myself up over it.  The commonest motive I don’t obtain a sure purpose is as a result of one thing got here up that wasn’t anticipated that took precedence over the earlier purpose.

Generally, although, the objectives I don’t obtain are simply actually unhealthy concepts, and I don’t understand that till I begin engaged on them.  I’m making an attempt to get higher at that, however the occasional unhealthy thought nonetheless sneaks in.

Your Targets

As a reminder, I revisit these objectives each quarter and make modifications accordingly.  Revisiting these objectives is what has been large for me.

When’s the final time you wrote down your objectives?  Extra importantly, when’s the final time you’ve revisited them?

Free Obtain: Need the identical worksheet I used to jot down down my objectives every quarter? Seize my Objective Achiever Worksheet and put your objectives into hyper drive. Download the free worksheet HERE.

Share your objectives within the feedback part beneath.