Goal Setting: its Significance for Success

We are all born with all the necessary faculties to see us through the vagaries of life along with the freedom to use them per our own convenience, needs, priorities, and capabilities. What makes the difference, however, is the limitation we set on our own thinking, vision, outreach capabilities as well as our urge to stay ahead of the curve.

What we need to do to enjoy this life in right earnest is to identify our life’s goals, both short-term as well as the long-term ones. This will help us distinguish from all other life forms as well as help us prepare logistically to make a move in the desired direction to attain the same, one after the other.

Goal setting helps us identify what is missing in our lives and prompts us to get to it systematically. It enables us to chart a course that we need to tread from point A to point B without getting lost, it helps us see beyond the immediate and plan for the future that is better than the present.

Goals give us the necessary motivation to do better in life, challenge our instincts and compete in a healthy fashion. Well planned goals help us stand out, work harder as well as smarter. At the same time, they also provide us with the necessary energy to think long-term rather than keep worrying about the immediate.

Goal-setters have been observed achieving more in life than those without goals. This phenomenon is very much supported by the universally accepted principles where unplanned activities seldom bear fruit.

Goals are primarily two types; short and long term. Short-term goals are more comfortable to define and plan for. They are also less susceptible to changes whereas the long-term ones pose their own challenges in many different ways. Our capacity to set long-term goals and then to plan a realistic course of action depends on the strength of our quest for the same.

Let us discuss a possible scenario with the help of an example:

An individual making $3,000.00 per month wishes to be a millionaire in the next years. Now, the total income of $36,000.00 a year only comes to $360,000.00 in 10 years which is only 3.6% of the wish. Can you call this a reasonable goal? I don’t think so.

Following a calculated system, we can, and we will start with a lofty goal of 1 Million Dollars within 10 years. This gives us a target of saving $100,000.00 per year for the next 10 years or $250,000.00 every 2.5 years. The only way it can ever be possible is by increasing the individual’s income beyond that level. It needs a quantum jump in earning capacity.

To generate income, one needs to make extra efforts. This individual must gain additional knowledge to create more revenue sources, start multiple businesses and/or profit streams to bring in sizable revenue. He or she will need to work extra hours; perhaps second or even a third job. Another alternative is to take up new studies/training programs and the like or just sit and wait for a jackpot that does not happen all that too often.

The same basic principles are the backbone of success in any industry, occupation, hobby and/or enterprise. To succeed in life, one must learn the technique of goal-setting.

Once you have learned this technique, it becomes much easier to go for lofty goals as you become more adept at charting your course. The lofty goals are then divided into achievable targets that help in keeping track of progress with preset milestones. You can always re-adjust the targets so long as you do not lose track of the ultimate objective - the goal!

All queries, comments, suggestions, and critiques are welcome. Please drop me a line at achiever101@me.com

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