a new weekly blog from Turner Invest
Most people dream of achieving big yet few manage to get there. This can be down to numerous elements, however there are common themes for those who succeed and the following are our top three.
“Start small, think big. Don't worry about too many things at once. Take a handful of simple things to begin with, and then progress to more complex ones. Think about not just tomorrow, but the future. Put a ding in the universe.” – Steve Jobs
Tip 1: Write Down Your Goals
Studies have shown people who write down their goals are more likely to achieve them, and those that read and re-write these goals regularly are even more likely to succeed still. Writing down specific goals where you can see them daily will consciously and sub-consciously drive you to achieve them. The act of physically writing your goals as if you have them now (e.g. I have passive income of £100K per year) triggers you into action as your mind does not want to be wrong. Communicating relevant goals to team members and giving them specific goals with deadlines will drive your business achieve the goals you have set.
Tip 2: Focus on High Value Tasks
It is better to do 5 things critical to success really well, than fifteen important things adequately. In your business you will have a range of tasks that can either be considered high value (i.e. that can generate the highest revenue) or low value (i.e. those tasks that add minimal value, but still need to be done). You should review the tasks you are carrying out to ensure they are of high value to the business; those that are low value should be delegated or outsourced so you can spend more time on the higher value items to achieve your goals. The best way we have found to delegate & outsource (full-time) is by hiring a Virtual Assistant (see bit.ly/thevivaclub for information on how you can hire your own Virtual Assistant)
Tip 3: Be Flexible
Once you have you plan in place, monitor progress on an ongoing basis so you are made aware if results do not turn out as expected. It is good to have a plan in place but you should not rigorously enforce the plan if circumstances or outcomes change and results start to suffer. Always be flexible in your approach, ready to change direction if necessary but only after careful consideration of where the current plan is going and where changes in your course may take you. There is a balance to meet between sticking with a plan and altering direction.
Writing your goals on paper, making them detailed and specific, putting a plan into action to achieve them and regularly tracking performance will focus your business to succeed. The big goals you have will become more realistic and achievable and as your business picks up speed towards them, you may find yourself thinking your once big goals now seem quite small.
We hope you have found these tips useful and are able to use them to improve your business and investments. Don’t miss out on future tips - subscribe to Turner Invest newsletter on turnerinvest.co.uk and follow us on social media.
Empowering People to Live the Life of Their Dreams
Turner Invest Directors Catherine & Stephen Turner