Whatever your goals may be for 2016, achieve them with these six tactics. You don’t have any goals? What are your plans for 2016? What do you want to achieve? According to a Harvard Business study, goal setting and success go hand in hand. And although these steps work for most life endeavors, they apply equally well to your real estate objectives.
1. Define your goals.
Don’t be like 83% of the population who don’t have any goals. You are reading this – you must have some plan linking to real estate. Whether it’s buying, selling, investing, flipping or rehabbing, statistically you’re more likely to succeed if you have a written plan to reach your goal. What is it you actually want to accomplish in the coming year?
2. Go for goals you’re passionate about.
What excites you? What gets you out of bed in the morning? Achieving your goals requires motivation. There are ups and down in any project or enterprise. Your drive and enthusiasm for the outcome will keep the process on track. Make sure you have a passion for what you are setting out to do!
3. Make your goals specific.
It’s important to make your objectives specific but don’t limit yourself. You’ll be more invested in and committed to goals involving new skills where you have to stretch to achieve your desired outcome.
Leave your goals specific but open-ended – “you are going to own three rental units by the end of the year” (“or more”). Then should additional opportunities come your way, you can adjust your goals accordingly.
4. Write them down
Let’s revisit that Harvard Business study for a moment. Not only did the findings reveal that those with specific goals are 10 times more successful than those without goals but those with written goals are 3 times more successful than those who have goals but don’t write them down!
People don’t get what they want out of life because they’re not writing down what it is they’re trying to achieve.
5. Plan for success
Goals are vital, but you also need an action plan; how you are going to get there? The bigger your goal, the more important the plan, especially if you have massive objectives. You’ll need a map, outlining the route you must take; all the small actionable steps to move you towards your goal.
6. Adaptability will keep you sane.
Stay flexible, when life throws you one of its curve balls, step nimbly out of the way. Maintain the peace in your life by recognizing that “life” changes all the time. Calmly working around any roadblocks is a useful skill to have. With really significant goals, every notable triumph usually results from a difficult goal. It’s hard to do, demands some effort, causes moments of worry and may mean learning new skills.
Most of us – the overwhelming majority of humanity – have within ourselves, the potential to achieve an extraordinary degree of greatness. Let’s start achieving those gutsy, life-changing goals that will help us get there.