014 Setting Annual Goals

014 Setting Annual Goals

Welcome to the Bottom Line Top Line Podcast with Carol Bartlett, Jol Hunter, and Chris Spurvey.


In this week’s episode, we talk about annual goal setting. We share with you our goals for 2019, how we were able to achieve our goals in previous years, and how we plan to achieve our goals this year.

We also talk about how passion fuels us to achieve our goals and remain open to the opportunities that are presented along the way.

This episode is a gold mine for tips about goal setting. Listen to the full episode!


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Fueling Goals with Passion

I’ve been told by reliable sources that at one point our business school tracked 4,000 graduates during a 30-year period. The graduates were divided into two groups. One group was composed of those who were very deliberate, set specific goals, and made decisions that they expected would help them to achieve those goals. Graduates in the other group followed their hearts, their passions, didn’t necessarily have direct objectives in mind, and took a more values-based approach rather than a goal-based approach. At the end of the 30 years, the school found that graduates in the second group reported happier lives and larger bank accounts.

But does that mean you shouldn’t set goals? Not necessarily. But it provides evidence that goals are more easily achieved if they’re driven by some fundamental passion.

Having a Work-Back Schedule

We recommend using a work-back schedule—a plan in which you decide what you want to achieve and then work backward to plan the steps that you have to take to get there. In putting together a work-back schedule, you may find out that you don’t know the steps. That’s OK. Somebody has done it before, and you can find out the steps from them.

Surround yourself with people who have done what you want to do.

The Path to Achieving Your Goals Is Not Always Direct

I prescribe to the idea of acting on intuitive impulses along the way to achieving goals. And I don’t find that to be incompatible with using a work-back schedule and being methodical. I simply recommend that you never close your mind to opportunities or impulses that might set you on a different track.

Airplanes go off their calculated paths 90% of the time but still arrive at their destinations. What I’m saying is that, like airplanes, we need to be adaptable.

To learn more about these topics, please listen to the episode.

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