How To Prosper in 2010 – Maximum Leverage

Filed Under (Goal setting and achievement) by Gogo on 24-12-2009

How to prosper in 2010As we usher in this Christmas and holiday season, I wish to say a big Merry Christmas and God bless you. Not because I presume you are Christian or even religious, but because I can only share with you what has the most meaning to me; what conveys my highest and best wishes for you.

As you prepare to usher in the new year, I have a question to ask you.

Have you made absolutely sure that you maximized (extracted absolute, maximum, leverage out of) all the resources that were available to you?

And if, upon examination, you conclude that you did not, have you prepared yourself with plans to both appreciate and maximize your blessings in the new year?

Since I will be taking a break from this blog till the new year, I want to share with you my step-by-step plan for How To Prosper in 2010. Enjoy:

1. Count Your Blessings (Past And Current)
About 2 weeks ago or so, I posted a list of my “Teachers” for whom I felt grateful. It was an exercise in gratitude, and an exercise in creativity. I could not think about who they were without examining what explicit and implicit lessons I learned from them.

2. Be A Worthy Steward (Servant) Of Your Blessings
This means that you put your blessings in a “capital” context. The term “capital” has to do with a resource that can be invested in such that it produces a return over and above what is invested into it. Are you investing in your gifts, talents and resources such that they are producing a return over and above your investment?

3. Adopt a Leverage Mindset
There’s a quote from the Christian bible that comes to mind when I think about this point. In 1 Corinthians 3:21-23, Paul advises his “beloved Corinthians” with the following words:

…For all things are yours, whether Paul or Apollos or Cephas or the world or life or death or the present or the future, all are yours…

Are you wasting “your teachers”?
Are you wasting Google? Youtube? Facebook? Meetup.com? Jing (Techsmith.com)? Blogger.com? And WordPress.com? All of which are yours?

Are you wasting your social capital? Are you wasting your business networking contacts? Your client and prospect lists? Your vendor relationships?
Are you wasting time that could be better spent in the warm embrace of your friends and family?
Are you wasting your nearest public library? The business resource section? The free reading at Barnes and Noble? The local small business development office? The nearest business association or networking group?

ARE YOU WASTING TIME?

4. Set S.M.A.R.T. Goals
Now that you’ve gone through the steps above, it’s time to apply those to goal attainment. A S.M.A.R.T. Goal is:

S- SPECIFIC
M- MEASURABLE
A- ACHIEVABLE
R- RECORDED
T- TIME-ORIENTED

Set and record goals for your spiritual life, health, intellectual life, financial life, business life (if relevant). All these goals should meet the SMART criteria. Being specific means that instead of saying something like “I’ll be more grateful in 2010″, you can commit to “Sending X number of Thank you letters and notes in 2010″, or “Saying a prayer of gratitude every morning when I wake up in 2010″.

Being measurable means that your goal is concretely observable and track-able. For instance, “200 new clients in 2010″. You’ll either reach it, or you won’t.

Achievable – I struggled with this one when I first learned about S.M.A.R.T. goal-setting. Eventually I hacked out a meaning that resonated with me…If you can’t reverse-engineer your goal into a daily set of activities or investments of time, money and effort, then your goal is not achievable for you. Choose another one. Here’s what I mean. I set a goal to build a million dollar revenue business in 14 months (ending December 2010). However, For me to reach that goal, I have to draw out a plan of approach by which I can see that it is possible for me. That’s what I mean by achievable.

Recorded -This one means you should have it written down, recorded on audio, or even on your blog (like I did above). Some teachers and coaches even say you should tell others about your goal. Although I practice that, I’m not sure that’s the correct advice for everyone.

Time-delineated – “New year” goals tend to have deadlines by default. One year.
However, if you notice that you’ve been a “Serial resolution breaker”, you’ll want to make sure that you decompose your “new year resolution” into Quarterly, Monthly, Weekly Goals And Plans.

5. Forget About Motivation And Think Like Thomas Edison
Forget about “feeling motivated” before you take action. Resolve to “act your way into feeling motivated” instead. Nothing motivates like success and the rewards that come from success.
Stop waiting around for motivation and just take action on the plans you reverse-engineered from your goals. Remember that all things are Yours!
Convert both success and failure into marketing and business epics – Blog posts, videos, case studies, Ebooks. Do you realize you can make people pay you to hear all your “epic setbacks” (or failures)?
Stop thinking “Pass/fail” and start thinking “continuous, systematic improvement”. Every failure is just one more step toward your eventual success. Think like Thomas Edison (Read “Edison on Innovation”) who failed his way to success in finding the ultimate light bulb material.

The road to prosperity for you in 2010 will not be found in “searching for the far off wealth”. It will be in discovering your own wealth (already “here” with you) and mining it for maximum leverage.

Be blessed and have a prosperous new year!

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Comments (2)

  1. 4 Business Predictions for 2010…

    Here we sit at the threshold of 2010. And in the spirit of prognostication, I’d like to take a moment to make a few modest predictions for the new year. Business Prediction #1: It Will Become Harder to Fill Seminars Fact: It’s hard to fill …

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