It can be difficult to watch the lack of progress of so many promising entrepreneurs and coaches. They’ve dreamed for so long about creating a solid, sustainable business, and yet, all they do is dream.
You know the people I’m talking about. They attend conferences, sign up for free webinars, buy paid training, and sometimes even work with a coach or two. And yet week after week, month after month, year after year, they fail to make any progress toward their dreams.
Are they lazy? No. It’s something worse. They are stuck. They don’t know how to move from a dream to a plan.
I don’t want that for you, so today I am sharing 3 tips for ensuring your dreams become plans that become realities – your reality!
1. Start With the Long-Term [State Your Vision]
Have you ever been asked during a job interview, “Where do you want to be five years from now?” If so, you might have thought it an odd question. But as a business owner, that might just be the most important consideration you can have.
Without knowing where you’re headed in the long term, it’s impossible to create a map to get there. You need to know what your destination is, so that every day, week, month, and year you can check your progress to be sure you’re still headed in the right direction.
The best way to do that is to start by writing your mission (how you run your business), your vision (where you want your business to go) and your core values (how you want to conduct business).
Then, write out this question, “If everything went right in my business and life, what would it look like in one year?” List everything you can think of.
Then, ask yourself the same question for three years and five years. These things may not all happen now, but knowing what you want in the long-term will help you take the steps now that will help you get there.
2. Create Milestones [Make a Workable Plan]
Once you know your ultimate destination, you can draft a plan for getting there, and create the interim goals that will help you stay on track.
For example, if in five years you want to be free to travel for 8 weeks every year, then you need to have a few pieces in place before that can happen:
- Enough income to cover travel costs
- Passive income to sustain your business while you’re not working
- A staff who can manage the business while you’re away
With this list, you can then work backwards from your five-year goal, and create milestones along the way. If you know you’ll need to earn $150,000 annually in order to fund your travel plans, and right now you’re earning $60,000, then reasonable milestones might look like this:
- Year 1: $70,000
- Year 2: $85,000
- Year 3: $105,000
- Year 4: $125,000
- Year 5: $150,000
With these milestones in place, it’s much easier to figure out exactly what you need to do to achieve them, by setting monthly, weekly, and daily goals and assuring you have offers and products that are aligned with helping you reach your milestones.
3. Create Small Goals [Break It Down Into Quarterly + Weekly + Daily Tasks]
If you say to someone, you need to move from $60,000 to $150,000 in five years, that’s a pretty overwhelming task. After all, it’s a $90,000 increase and most people will look at that and immediately dismiss it as impossible.
But when you break it down as we have above, and then again into smaller steps, it suddenly doesn’t look so daunting.
In the first year of the plan we have outlined, your income needs to increase by only $10,000. That’s less than $1000 per month! Surely that’s easy enough to accomplish!
You can further break that down by week: $1000 per month is just $250 per week. If you sell just one more group coaching package, or five more of a $50 training program, you’ve already reached your milestone.
That might mean sending one more email to your list, or investing an additional $20 per month in Facebook ads, or perhaps reaching out to one more affiliate partner. The point is, reaching this much smaller goal is far easier than thinking about that five-year plan – yet it is still moving you closer and closer to your vision.
So, what’s your long-term? How can you deconstruct it into achievable milestones, workable goals, and finally, daily and weekly tasks?
If you can do this (and you definitely can) then you can achieve anything in business and in life.