Thread by @TheMajor_eth

How I grew two 7 figure businesses with effective goal setting. A thread 👇👇👇

In January 10 years ago, I had no clients, just lot my job, tons bills due, and $26.71 in my bank account.

#NFT #NFTs #NFTCommumity #goalsetting

I had no marketable skills.

I was simply lost in life. I felt stuck.

I ended that year making $104,823 whereas previous year I have not made more than $35k/yr. I now have a thriving business with 16 employees and growing.

So what changed?

I got a mentor who taught me how to set goals in such a way that it is easy to follow and breaks it down into digestible steps.

In this thread I will share that exact goal setting process I still use to this day.

Enter, North Star Goal Setting.

They say, those who don't plan should plan to fail. That couldn't be more spot on.

You see, goal setting (done right) forces our minds to dwell on the goal. The end prize.

But, before we can set any goals, we have to first know what we want to achieve. The secret is this...

Core Step #1: You must have a burning desire with a state of mind that becomes a near obsession. Then planning definite ways and means to acquire said goals or riches. Then backing those plans with persistence which does NOT recognize failure. Only then, will we find success.

You see it's the desire that creates the momentum within the plan. Without that burning desire the plan is senseless.

So before we get to the goal setting aspect, how do we first create this burning desire?

I would recommend starting with a single metric (your north star).

For many it may be a specific amount of weight lost, a specific income level reached, etc. Whatever it is, it needs to be a very specific number.

For me, 10 years ago it was to make $100k in the following 12 months.

Core Step #2: Once you pick your metric and target, this is the method I learned from Napoleon Hill:

1. Fix your mind on the specific goal you wish to obtain. You can't say, "I want enough money to live X way." Be specific. I want to make $100k.

2. Determine exactly what you will give of yourself to hit that goal. i.e. I will learn X new skill to make myself more valuable to my company so I can get a Y% increase in monthly income.

3. Pick a specific date by which you will hit said goal.

4. Write this all down on a sticky note or 3x5 card so you can reference it easily and often. For example, "I, Keith (me), will learn a new programming language enough to be able to demand a $100k/yr income.

I will learn this new skill and obtain a new job or raise by Dec 31, 2022."

5. Read this 3 times first thing when you wake up and right before getting in bed at night.

I know this seems lame, but omfg!

After the first couple weeks, maybe a month even, you will breathe nothing but that goal. You will become obsessed with it. Like oxygen, you will need to execute on it to survive. It will become part of who you are.

I know I know... you're thinking how the hell is this going to help me reach my goals? Remember I said, your desire is what creates the momentum for the plan to come to life.

Without it, you will fail, or at least have a much harder time achieving it.

There are millions of people who believe themselves doomed to failure and poverty . They believe it is because of some strange force that they have no control over. They have tried for years to obtain said goals, but only to always come up short.

It is their lack of faith in themselves to be able to hit said goal, and the lack of desire to propel them forward.

There is one quality which one must possess to win. That is definiteness of purpose, the knowledge of what he wants, and a burning desire to possess it.

The Latin root of the word, 'decide' means to cut off. You must cut off all other options in your mind. This is what it means to have a definite chief aim/goal. If you divide your efforts, again, you will fail, or at least have a much harder time achieving it.

Remember, No more effort is required to aim high in life, to demand abundance and prosperity, than is required to accept misery and poverty.

So first decide what you want in life, or someone else which decide for you.

Core Step #3: Next is the fun part.

The actual goal setting. It is quite simple really once you know what you want.

Let's say I wanted to make an additional $100k in the next 12 months.

1. I am going to first evaluate my options. I could increase my skill sets to get a raise at where I currently am employed.

I would learn a new skill and get a new job. I could start a freelancing business and get a few clients.

These are just a few options if my goal is income based.

2. Decide on a route/path/plan to hit said goal. For me, I decided on taking on clients.

You could take on clients for many many types of services. Marketing, writing, illustration, photoshop, music editing. the list goes on.

3. Then I would need to come up with plan on how I am going to (achieve the things needed in my chosen route) get more clients.

For example... There are many ways to do this. I started with cold outreach. I know I can audit someone else's work in the respective chosen field showing them how I could add value or improve their system and send it to them.

Early on, I would get one client every 50 audits, which is actually really bad.

4. Break up your plan's mile markers into monthly, weekly and daily to do's. For example, lets say each new client would be an extra $1,500 in monthly income.

That means to hit my goal of $100k in addition income for the next 12 months, I would need only to get 5 new clients for the year. But lets account for not all of them staying, so lets say 7 new clients (7 x $1500 = $10.5k/mo). That means you only need 1 new client every 50 days.

So if my math holds of me sending 50 audit emails and getting one client, that means I need to send 1 audit email a day. That means, I then have to send 7 audit emails a week, 30 a month and so on.

This example probably won't apply to everyone, but you can see the simple system for coming up with a daily to-do/plan and applying that to your own goals.

Tim Ferriss says (not sure if he originated this), what gets measured gets managed.

Now, because of step 4 we just went over, we have a system to measure. For example, did I send the 7 audit emails this week? I can measure that. It's binary. Yes, or no.

Then here is my favorite part in this system for decision making...

Core Step #3.1: Now that we know what we want, what we have to do to get it, and our weekly and daily tasks needed, when a new opportunity comes up we can deploy this flow thinking...

"Does this new decision I have to make help me achieve my goals in my allotted time frame?" Yes? Then do it. No? Don't do it. Maybe? Put it on the shelf for when you have time to evaluate.

It keeps the whole execution system binary and simple.

Remember, when these new decisions come up, you have to DE-CIDE. Cut them off if they do not line up with your goals.

I would recommend evaluating yourself every week (or more often) especially in the beginning.

If you fall off track, give yourself grace, and just get back on track where you can. Don't beat yourself up for it.

Anything worth doing is never easy. Ever.

IF you have any questions about this process, feel free to ask them here or in DM. =)

Gm
TheMajor