By: Ted Hunsaker
Goal setting is important for anyone who wants to succeed in a home based business opportunity. Setting goals both big and small, long-term and short-term will get you closer to financial freedom. You should set short term goals which include daily, weekly,and monthly goals as well as long term goals(More than one Year). Monthly goals could include sponsoring 4 new distributors into your opportunity every month, while daily goals could include talking to 10 or more people per day about your business. Your long term goals could include maximizing the compensation plan and making enough money to quit your day job. Not setting your goals will only set you up for failure. If you fail to plan you pretty much plan to fail.
Keep in mind that when setting goals, they need to be possible to obtain. You probably don’t want to set a goal for making five figures your first month as a new distributor in your primary company. It usually takes time and a lot of hard work to get to that level. You probably want to get yourself commission qualified first and then go from there taking one step at a time.
You should definitely take smaller steps in the short term to accomplish your long term goals. You have to first get to $1,000 per month before you can make $5,000 to $10,000 per month.
When setting your goals, you should write them down and put them on your wall close to your desk to remind you of what goals you want to accomplish today, this week, this month and this year.
You should also write down the tasks that you should perform to achieve those goals. So if I want to speak with 10 or more new people per day about my business and collect a yes or no decision, I will probably spend about 2 hours making phone calls to professionals or business opportunity leads. If my goals include improving my closing ratio, I will probably spend 30 minutes per day practicing the scripts while recording my voice and having my upline sponsor give me feedback.
You should also have a way of rewarding yourself for achieving your monthly goals. For example, you could reward yourself with a round of golf at a nice golf course or dinner with your spouse at a nice restaurant for achieving those goals. Rewarding yourself will keep you on track to eventually becoming more financially independent and will enable you to achieve those long term goals more easily.