Goal Setting Success: Developing a Personal Business and Life Plan

Goal setting success is a key strategy for mastering your time, money and your life. If you’re not as success as you want simply look at your goals and plans to achieve them. Many people lose site of the ultimate purpose of setting goals and mastering their time.  When they free up time in one area of their life, they spend it in areas that aren’t fulfilling.  By setting and prioritizing goals in all areas of your life, you are laying a foundation of living your life “on purpose”.  This will allow you to spend more of your time doing things that are important and fulfilling.

Personal Business Plan

To help you start practically applying goal setting now, you should develop a Personal Business Plan. Completing the Personal Business Plan will help you set specific and realistic financial goals for yourself.  This is an important step in the time mastery process because people’s financial health often dictates the status of other areas of their lives.   In business you must manage the finances to both survive and to thrive.  Money is a tool that provides people a vehicle for living the life they want.  Most people complain about not having enough time, money, and freedom.  If you increase the money you have, you then have the option of having more time and freedom for the things you enjoy.  By managing your time and your life you give yourself the option of freedom.  If you don’t have the financial wherewithal, you don’t give yourself that option and thus your freedom is limited.

In addition to using the Personal Business Plan to set financial goals for yourself, you will want to develop a Personal Life Plan to set goals in other areas, including:

  • Family
  • Relationships
  • Career
  • Physical
  • Spiritual
  • Personal development

Personal Life Plan

The key to a successful Personal Life Plan is paying attention to what’s really important.  We pay attention to something by spending time doing it.  If being physically fit is important, a person will spend time exercising.  If one’s family is important, time is spent with the family.  Since there will always be competition for time, it is important to be clear about your priorities.  Knowing what’s really important makes it easier for people to know what to say “yes” and “no” to.

A good example of knowing what’s important is illustrated by a story told by Shelly Lazarus, President of Ogilvy Mather-North America (one of the world’s largest advertising agencies).  Shelly was scheduled to go to a team meeting for a major client on the same day as her son’s field day at school.  Shelly chose to watch her son participate in field day rather than make the meeting.  When her boss asked why she missed the meeting she replied, “We had a team of eight people at that meeting and in two weeks nobody will remember who was there and who wasn’t.  If I had missed my son’s field day, he never would have forgotten.”

When faced with conflicting priorities, do what is most important. Completing the Personal Life Plan will help you focus on what’s really important in your life.

Goal setting without plans is wishful thinking. By connecting your Personal Business Plan with your Personal Life Plan you are putting in place the foundation that will keep you focused and your business and personal life aligned. Doing so increases your chances of achieving goal setting success.