Showing posts with label BHAG. Show all posts
Showing posts with label BHAG. Show all posts

Monday, January 6, 2020

New Year, New Me?


The importance of setting goals


As we have been taught from a young age, the new year is a time for setting our goals, with the corollary being a new year a new you.  I have heard some people push back on this and minimize the importance.  Do we really need to set our goals on January 1st?  The real answer is no – we can set goals during the course of the year, but need to remember to set targets for achievement and a date by which to meet those goals.  Is it easier to start something on January 1 and end on December 31?  Yes, as we have a date defined for us when to begin and when to end.  In either case, it is important to review where you are at along the way; we should never fall into the trap of being 11 months in before we take a first look at how we are doing.  As a project manager, no client would wait that long into a project to gather feedback, hold their breath on the status, or expect no adjustments along the way.  That is a business case that we can apply to our own lives, such as when I shared the journey a few years ago on changing my habits on food and exercise.


Writing out our goals


Making a public declaration of our goals is one thing.  How many of you actually hand write them down?  As a confession, sometimes I have and sometimes I have not.  However, many thought leaders and successful people in various fields swear by the benefits of writing down goals and doing so in detail.  There is the often-repeated story about Jim Carey writing down his earnings goals when he got to Hollywood.  There is the story that circulated about a man finding the picture he drew of his dream house that he found years after he was living in his dream house; he drew a picture of the house he was living in many years before the house was purchased.  Or the cases where a spouse has written out in detail the mate they hoped to meet and eventually did.  There are plenty of articles on the internet that explain the Neuroscience studies on this.  The simple explanation is that by writing down our goals in detail will help to encode the information to our brain.  Our brain unconsciously then works, or focuses, on what we have passed it, sort of like when you are thinking about a new car you are interested in and all of a sudden, you see that car everywhere.  James Allen wrote the classic book, “As a Man Thinketh” in 1903, and his points about thinking and following through were true then and have science to back it up today.


Goals that are attainable and realistic


“I want to be president of an organization.”  “I want millions of dollars.”  “I want a life of complete financial freedom.”  These are all great goals!  But, are they realistic to achieve in 12 months?  For each of these three and many more big goals (yes, we should think big), in reality there are many steps along the way to reach our desires – there are no shortcuts.  I am president of my synagogue (goal 1?) and this goal did not occur overnight.  I worked on committees, co-chaired a committee with my wife, joined the Board, then was a vice-president for 5 years where I had the opportunity to “learn the ropes.”  In the business world, there would need to be years in various positions before being able to move into a top position.  For the monetary goals, unless you are one of the few that invents the next best thing since sliced bread, you have to be willing to follow a path, with a series of goals that need to be met (in terms of areas of expertise), that include knowledge building and financial earnings power.  The big goals may be multi-year, but the current goals need to be realistic so that achieving them will cause you to continue towards the bigger goals, as opposed to failing, getting frustrated and walking away from your dreams.


Next Steps


Now comes the hard part – putting pen to paper.  Write down your goals, plan out your milestones and start a periodic review process.  Not sure you know everything that you need to?  This is where personal development comes into play; begin by creating a reading plan and attend seminars (much easier with the web).  I know that it has become a cliché statement, but now that you have “planned the work, you need to work the plan.”  Here’s to a fruitful and productive year!

Monday, October 24, 2016

A Man of Many Hats



James Collins and Jerry Porras, in their 1994 book Built to Last: Successful Habits of Visionary Companies, introduced us to the phrase Big Hairy Audacious Goal, or BHAG for short.  The BHAG was the HUGE vision that a company followed, in some cases to extreme successes.  The book is written comparing two companies in the industry, one with a BHAG and one without.  Having the BHAG, meant that the company had a focus, all of management were generally groomed from within (development of a corporate culture) and all decisions made had to be in alignment with the BHAG or was discarded.  One of the clear points is not to go after everything and it is OK to say no.  As Steve Jobs put it, “I’m as proud of many of the things we haven’t done as the things we have done. Innovation is saying no to a thousand things.”  Great, that is a good corporate philosophy, but I am just Wayne, and while I understand this in terms of a business, does this thinking apply to me?

Simon Sinek, in his book Start with Why, he clearly makes the point that “People do not buy WHAT you do, they buy WHY you do it.”  This is a philosophy, or belief system, can apply to businesses, people and ideas.  Understanding one’s WHY can lead to a personal BHAG.  When I was involved in network marketing, they taught that your WHY should be so big it makes you cry, it should be what motivates you to achieve the success we all dream about.  As Darren Hardy puts it, this should be what gets us out of bed in the morning.  I believe that there are events in our lives that help us to find out WHY / BHAG.  The WHY is never about me, but about a broader service to other people. 

I know that I am a man of many hats – work, volunteering, family, writing, music, etc.  I am not alone in being involved in multiple things.  I have recently realized a coalescing in my universe, an overriding feeling that there is a thread that joins my different activities together and a larger picture that I wish to move towards.  While I attempt to put my finger more firmly on the definition of this, I believe that my next WHY and a BHAG are standing just around the corner of the building – close enough to feel its presence, but I still need that step or two to see it.  Maybe, just maybe, I really only wear one hat, it just seems to come in different shades depending on the circumstances.