Thursday, July 1, 2010

How Big is YOUR Elephant?

That may seem a bit odd to you, but the humble elephant has been used in quite a few analogies…

The elephant in the middle of the room…

The chain around the elephant’s leg…

And the one I'll talk about here…

How do you eat an elephant?

Of course, we know the answer to that one is
“One Bite at a time”, right?

But I’d like to suggest that before that first bite is attempted, you must cut it up first.  The bites must be made more manageable.

So I ask you again…

How big is your elephant?

The size of your elephant, or goal or challenge, will determine how long it will take to cut it into pieces and “eaten.”

Let me explain what I mean…

Let’s assume that your goal is to reach a $100,000 annual income.

That’s your “elephant”.

Your next step is to determine what your business will look like when you’re at that level.

Really break it down.

How many retail sales, how many people working for you (or in your downline), costs of doing business at that level, profit margins or bonuses and residuals…there’s more, but you get the idea.

Now work backwards.

Cut it in half, quarters, etc. until you reach the increment that you can REALISTICALLY see yourself doing in the next 30 days. This will take time, determination and being really straight with yourself, but once you get to what you can honestly see yourself accomplishing in the next 30 days, break it down into weekly and finally into daily target activities.

Those are the things you need to do each and every day
WITHOUT FAIL in order to reach to your ultimate goal.

Following these steps can reveal approximately how long it will take you to reach your goal as well.

In our example of $100,000, if in a year you can get to $25,000 (and this is net income, don’t forget), then it will take 4 years of consistent effort to reach your goal.

One warning, however...many business owners spend hours, even days, breaking down their long term goal into short term goals, manageable steps, and daily actions...then DON’T TRACK their activities and results!!

Be sure to use some kind of tracking system (even if it’s notations on a calendar page) to record what's actually going on.

Without tracking, you’ll have no way to gauge your progress and could end up becoming discouraged.

In a nutshell...
  • Determine the size of your ultimate, long-term goal
  • Work backwards, breaking it into honestly manageable daily activities
  • Track your activities and results
 So…How big is your elephant?

Using this method, it doesn’t matter.
You can have it cut into bite sized pieces in no time!

1 comment:

  1. Thats a great post, Cathie,

    It really makes sense. Thank you so much for all you great messages.

    ~HUGS~

    ELYSE

    ReplyDelete