Goal setting

Can Goal Setting Increase Your Wealth?

Ball in back of net - Goal setting techniquesThere is a goal setting story you can find in the material of many leading motivational speakers.

The story goes that in 1953 the graduating class of Yale University were asked if they had clear, written goals.

3% did have written goals, 13% had goals which were not written down and the remaining 84% had no goals at all.

Twenty years later, at their class reunion, it was found that the 3% with written goals were worth more than the other 97% of their classmates!

You Might Conclude That Goal Setting Is Important!

You can also find plenty of people who claim that the story is an urban myth and that no such research ever took place!

Whatever you want to believe, it is obvious that you are likely to achieve more if you have clearly-defined goals than if you have no aim in mind.

“If you don’t know where you are going, you’ll end up someplace else.”

? Yogi Berra.

There are many training programs that teach stategies and techniques for setting goals.

They often include SMART goals. Make sure your objectives are meaningful by making them:


Some people like SMARTIE goals. That is SMART with the addition of Interesting and Exciting!!

This is a very useful first step. However the discipline of doing this often gets lost as results are not seen soon enough.

An executive or business coach gives you a flying start by checking how motivated you are by your goals and how practical they are to achieve.

The coach will also help you make sure your goals are ecological. That means they pass the following 8 goal setting rule.

  1. It’s a positive goal – moving towards something you want rather than away from something you don’t want.
  2. Achievement – defined and refined by sensory based evidence . What will you see, hear, feel and say when you have this outcome? How will someone else know?
  3. Specific – where, when and with whom do I want this outcome?
  4. Control – can I achieve this outcome alone?
  5. Start and maintain – what steps do I need to take to get going and keep on track?
  6. Ecology – what would happen if I got this outcome? Who else would be affected? Is it in conflict with my beliefs, values and identity?
  7. Resources – what internal and external resources will it take to achieve this goal?
  8. Timeframe – How long will it take?

You will then be helped to keep your focus on your priorities and achieve the desired results more quickly and effectively than on your own.

Click for more information on goal setting strategies, techniques, tools and templates.

Posted in: Goals

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