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Advice for the Entrepreneur: Lee’s Tip #176

Lee's Tips,Seller Resources

A lot of entrepreneurs ignore the importance of goal setting. Here’s the deal about setting goals: It works. My favorite goals are financial and are short to medium term. From paying off the car to our vacation in Vegas in July and on to retirement, it’s fun to watch the bottom line growing towards that goal.

In fact, we just paid off the car early thanks to goal setting. John and I have a whiteboard on the wall with certain goals, and we watch the bottom line on that whiteboard. I smile every time I pass by it.

Try setting one goal, then stick with it. Make it visual if you can; spreadsheets help. Do it — you’ll like it.