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Greetings:
I want to welcome all of my subscribers to the New Year.
I have
prepared a Special Edition for this issue that includes
several
articles on setting strategic objectives that I'm
confident will help you in your 2002 goal setting.
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SPECIAL EDITION: Your New Year's Goals Are Just Floating
Dreams
Until You Follow These Three Simple Steps
G E T P R O F I T A B L E U P D A T E!
January 4, 2002
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SPECIAL EDITION: Your New Year's Goals Are Just Floating
Dreams
Until You Follow These Three Simple Steps
1) STEP ONE: Turning Your 2002 Goals Into Financial
Success
2) STEP TWO: Set a Clear Timeline For The Achievement of
Your
Goals
3) STEP THREE: Projected Hindsight Planning Technique
4)) KEVIN'S MARKETING TOOLBOX (This is the stuff I use)
==================================================
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1) TURNING YOUR 2002 GOALS INTO FINANCIAL SUCCESS
===============================================
Success Using the Leonardo DaVinci System
The story is told that just like baby ducks learn to
survive by
following and imitating their mothers, Leonardo da Vinci
believed
that a key component to being successful is to model
success by
doing what successful people do.
Like da Vinci, we too can choose to follow the same
proven
success formula. da Vinci believed that throughout all
the stages
of our lives, we should learn to consciously identify a
success
model choosing to replace the ones we outgrow.
The point is that if you do this, you will begin a
positive
adventure toward your worthy goal. For example, if you
want to
become a better golfer, study Tiger Woods. If you want to
become
a leader, study Abraham Lincoln (he never quit) or
Winston
Churchill.
Should you aspire to become a true Renaissance man/woman,
you
may want to study the great Leonardo da Vinci, the
original
Renaissance man!
Michael Gelb, author of "How To Think Like Leonardo
Da Vinci",
writes, "It would take an encyclopedia to begin to
do justice to
the full scope of Leonardo's accomplishments." There
is no ques-
tion about it da Vinci had visions.
What set him apart is that he was an action taker. He didn't
just think up great ideas, he acted on them. Most people never
realize that his ideas and creations spanned art,
science,
engineering, invention and the military.
The critical lesson for you and I is the fact that da
Vinci had
a "system" that he invented and followed
religiously every time
he began to act upon a new idea.
da Vinci called it the "Smart System." It's a
very simple system
that is easy to remember and easy to implement. You can use it
to help you achieve your goals. SMART is basically an
acronym for:
S Specific:
Define exactly what you want.
M Measurable:
Figure out how you're going to measure your
goals.
A Accountability:
Commit to being personally responsible
for
achieving your goals. If part of a team, be sure
that
accountability is clear.
R Realistic/Relevant:
Set goals that are ambitious but
achievable.
Make certain your goals are relevant to
your
purpose.
T Timeline:
Set a clear time line for the achievement of
your goals.
Let's look at da Vinci's success system a little closer.
SPECIFIC: DEFINE EXACTLY WHAT YOU WANT.
Once you have defined your success idea, have clearly
committed
to your business and determined it is good and
worthwhile, it is
time to decide how to turn that idea into a reality.
That is why we use goals. In essence, our goals become the map
that will get us from where we are to where we want to
be. The
danger lies in the type of goals we set. If you planned to
travel from Miami to Seattle, you would have a difficult
and
perhaps impossible time if you failed to determine
through which
cities you would go along the way.
It is the same with goals: There are very few who becomes
millionaires without first earning $100,000 and then
$500,000.
In setting your financial goals, determine the level of
income
you want to have in one year, in two years, in three
years, and
so on.
You must then decide what you will do in order to
increase your
income by that amount. Perhaps at this point you need to
go back
to the first step and make sure you have the right
business idea
for you that leverages your skills and takes advantage of
the
opportunities in the marketplace.
The world around you is constantly changing. You may have to
find and evaluate many ideas as you face the changes that
affect
your goals.
When you set a goal, ask yourself: "What am I
willing to pay?
How much do I really want this? Will I have the support of my
family and associates? What will I have to sacrifice to achieve
my objective?"
It has been said, "The best way to make your dreams
come true is
to wake up." There is nothing wrong with setting
high goals, but
remember that you will never succeed unless you also set
intermediate goals.
By setting small goals, you have a much better chance of
reaching that ultimate goal. Identify your success idea
and
clearly commit to your business.
He who knows not and knows not he knows not:
he is a fool - shun him;
He who knows not and knows he knows not:
he is simple - teach him;
He who knows and knows not he knows:
he is asleep - wake him;
He who knows and knows he knows:
he is wise - follow him.
Contained in this Persian proverb is the difference
between
those who know and those who do not know. Or, in other words,
those who have sought ideas and then put those ideas to
work.
If you have a business, schedule brainstorming sessions
with
your employees or with your executives or with your
advisory
board (your spouse). The point about brainstorming is that it
is important to make sure that all ideas are
considered.
Set aside time each week - or each day if necessary - for
self-evaluation. Many have found meditation and prayer a
source
of success, as well as of strength, to implement their
ideas and
"sticktoitiveness" needed to achieve their
goals.
Observe nature. A falling apple was just the beginning
for Sir
Isaac Newton. The Wright brothers attributed much of
their suc-
cess to countless hours spent watching birds in flight.
Whatever
else you do, be inquisitive.
Keep an open mind while searching for your success idea
or you
may never recognize the idea when it presents itself.
Of course, the next step is to start. No amount of planning is
of value unless you begin. Rather than waiting for the right
opportunity, make the right opportunity.
Remember this: It's not what you say, or intend or dream
that
counts in life, it's what you do!
===================================================
2) SET A CLEAR TIMELINE FOR THE ACHIEVEMENT OF YOUR GOALS
===================================================
Another important aspect of goal setting is establishing
a time-
line just as da Vinci points out in his SMART formula.
You must
decide how long it will take you to reach a goal. This will
enable you to chart your progress as you go along.
The key here is to realize that you can not build a house
overnight.
It is a process of steps that all lead you towards
the accomplishment of your goal. The secret to speeding up the
accomplishment of your goals is to break them down into
bite
size pieces and then assign a time and/or date to each
individual piece.
This will now seem much more doable and avoid the
overwhelming
feeling of trying to accomplish a large task all at once.
This
is where many people fail to reach their goals, and even
their
potential.
Have you ever heard the story about, "How Do You Eat
a Cow?"
If I came to you with a cow by my side and challenged you
to eat
the cow, you would first think I was nuts, but then you
would
think it would be an impossible task.
Well, what if I came to you with just one half of a side
of beef
and challenged you to eat it. You would still think I'm nuts
and if you did not call for the men in white coats, you
would
still think it impossible to eat even the one half cow.
But if I came to you with a cow cut and wrapped into
packages of
steaks, hamburger and roasts, and challenged you to eat
the cow,
you would now be able to imagine that you indeed could
eat the
whole cow one steak at a time.
This story is simple but completely relevant to how we
must
adjust our thinking about how to achieve our financial
success
goals. This
concept and the exact system for accomplishing our
goals is described later in the section called
"Projected
Hindsight."
The point here is that da Vinci knew that goals are just
floating
dreams and wishes until you assign a timeline to
them. Once you
do you have a bite size piece you can accomplish that
will lead
you towards your ultimate success.
Now, take your goals and assign a timeline to them.
Really do it
now. Pretty SMART isn't it. The beauty of this system
used by da
Vinci is that it is simple, easy to remember and will
really
work for you too if you will put it into action.
It's pretty well known that da Vinci created such
timeliness
creations such as the paintings, "Mona Lisa"
and "The Last
Supper". But were you aware that he created the
parachute,
bicycle, helicopter, folding chair, alarm clock, and the
first
comprehensive drawings of the human anatomy?
REMEMBER THIS: There is no need to reinvent the wheel. To
be
successful all you need to do is to follow the same
formula that
the successful people already know. More importantly,
implement
this valuable knowledge into your business and watch your
sales
and profits skyrocket right in front of you.
Somebody once said that, "Your brain is much better
than you
think, just use it!" Da Vinci used this system
because it worked.
My point is that this system will work for you too. It will
lead you to the successful achievement of all your
financial
dreams if you will simply FOLLOW IT!
==================================================
3) PROJECTED HINDSIGHT PLANNING TECHNIQUE
==================================================
Projected Hindsight. Let's get started step-by-step and
bite-by-bite with this quote from the Temporary National
Economic Committee:
"The chance of a newcomer becoming an established
member of the
business community is sadly slight. He carries on until funds
are exhausted and then disappears from the scene. His place is
taken by another hopeful, certain that he has the
abilities which
will permit him to succeed where his predecessor failed.
Unaware
of the odds against them, and largely ignorant of the
weapons of
trade prospective proprietors march stolidly to the
ambush."
The most important concept I can possibly pass on to you
in this
"Strategic Objective Goal-setting Edition" is
the specific
formula forachieving any goal. The best way to do this is
to put
it in the easily relatable terms of a story.
My brother decided to build a beautiful new custom home
in a nice
rural area outside Chicago. Rather than spending more than he
could afford by having a builder design and oversee the
construc-
tion, he decided to do it himself.
He knew that by acting as his own general contractor and
by
organizing and directing the construction of his home he
would
save a significant amount of money building a big equity
into
his new home.
But he had never done this before and knew he faced an
enormous
task. The first step was to educate himself. He started
to study
design plans and went to subdivisions under construction
to talk
to contractors.
Educating yourself means research, so he burned up the
telephone
calling to learn about city and county building codes,
permits,
rules, regulations and procedures.
At each step, he would learn something new that naturally
led
him to the next level of investigation. Before long, he had
prepared the plans and was permitted to begin
construction.
The next phase was to negotiate, employ and oversee the
con-
tractors.
This building stage went very slowly and every step
from the beginning to the middle was extremely hard and
even
at times seemed almost painful.
Frustration and endless hours were encountered
often.
But most importantly, he pressed forward one step at a
time,
problem-by-problem, board-by-board. With the help of
experienced
contractors the pieces came together and when it seemed
like it
would never happen, the house was completed. The goal was
accomplished!
The reward gained!
Was it easy? No. Did it take a long time?
Yes. Was it
worth it? Yes!
So how does this relate to you? Well, the technique that my
brother used is the one and only success formula you can
use
to accomplish any goal you strive for. Let's review. The first
thing he did was self educate himself and then design a
plan.
Next, it was the struggle of step-by-step and
board-by-board or
the daily implementation of the plan. Lastly, he sought help
from contractors and others to help him do the work as
well as
give him guidance.
The analogy to you in running your own business or
achieving
your financial goals is the same. Educate yourself and make a
plan, seek help from others (i.e. CPA, banker, attorney,
advisors, etc.) and stick with the plan during the
struggling
stages.
Most importantly is to realize that you achieve your goal
by
focusing on and accomplishing each step of the plan one
at a
time.
Realize, too, that the first stage must be achieved
before you move on to the next and so on and so forth.
Wise men have been pointing out this same principle for
ages.
The fact is that a long journey begins with a single
step.
Thomas Babington Macanlay states, "Knowledge
advances by steps
not by leaps."
Now I want you to grasp this because this is the bottom
line
secret on how to obtain your business rewards. In fact, if you
get nothing else from this special edition, get
this.
It may not startle you and you may have heard it before
but,
take heed, this is the wisdom of the highly
successful.
What I'm talking about is projected hindsight. This is the
process that you must go through to specifically identify
the
exact road map you establish and must follow that leads
you to
your ultimate desired outcome.
Let's take it by steps in the process:
Ask yourself these questions:
Step 1 What
are the exact results you want out of your business
(or what are the exact financial goals you are determined
to
achieve) at the end of 1 year, 2 years and 5 years in
terms of
net worth, gross revenue, net income, business size,
number of
facilities, geographic scope, number of employees, asset
base,
public image, exposure, etc.?
(Think about it and write it down.) Do it now.
Step 2 Assuming
that you achieve the above desired outcome,
(and this is a critical step) imagine yourself there with
that
success and then ask yourself the following question
looking
back from 1, 2, and 5 years to now: I'm really glad that I did
(what)?
e.g., I'm really glad that I:
* developed both a short term and long term (goals)
business plan
* established an accurate accounting system
* gained complete expertise and confidence in my product
or
service
* structured my organization to viably compete
* specialized my products and services to be able to
market to a
niche
target audience
* raised the necessary capital to last those first 6
months
* took on such an aggressive marketing campaign
* targeted specifically my customer markets to optimize
my
opportunity
* managed my time to get maximum use and effectiveness
* sought the advise of a business consultant/advisor
* read all those books, attended all those seminars and
strived
to attain
all that knowledge
* kept the business legal and had my attorney review all
those
contracts
* computerized my administration
* etc., etc.
The list of possibilities could go on and on to cover
every
business department and business aspect, but I think you
get
the point.
Step 3 Now
begin to work backwards from the desired outcome.
For example, if your goal was to make a total of $500,000
net
income in 5 years, then you can easily divide to see that
you
must make approximately $100,000 per year.
(You may not make $100,000 the first year and maybe more
in
other years but for this planning example, let's stay
with
$100,000 net income per annum.)
So if you know you want to make $100,000 per year, then
divided
you must make approximately $8,333 per month. Well if you need
to make over $8,000 net income per month (using your own
operating ratio and calculation for whatever your
business
industry average is), you break the number down again and
now
you now know you may need to average approximately $X per
month
in gross revenues.
And broken down further then this means you need X number
of
sales at an average sale of $X each. To accomplish this,
you
will need to make X number of sales presentations to
potential
customers.
I'm sure you are getting the point by now of how
the projected hindsight system works.
The numbers are irrelevant in this example. The key is the
planning process you go though in working backwards from
your
desired outcome.
This is primary to your business success.
In using this formula, the whole key is to identify every
element that needs to be accomplished if the goal is to
be
attained.
Once you have identified every step by working backwards
to
point zero, all you have to do is to begin to work
forwards
and you have your stair step to achieving your financial
dreams.
Just remember to keep thinking, I'm really glad that I
did
(what)? None
of this matters if you don't write it down and
employ all your efforts to accomplish each step as it was
designed.
DO NOT AVOID THIS EFFORT and good luck!
=================================================
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