How Am I Doing on My 2006 Goals?Thursday, October 12, 2006It is time to be transparent. Back on January 7th I wrote a post concerning goal setting. You can read it in the January archives. In January, I set a goal of establishing a second stream of income. The goal has three levels by which I can measure performance. The first level is to meet the goal. The second level is what I call a stretch goal. The third level is really stretching. Here are the three distinct levels that I assigned to my goal at the beginning of the year. 1) Identify and create income from one additional source. 2) Start making $50 per month and end up making $500 a month by the end of the year. 3) Create two streams of income. Start making $50 per month, ending the year with an additional $20,000 My results as of October 12, 2006: I have reached this goal. I am at level 1. My additional stream of income takes more time to build monthly income than I had originally projected. My income is steadily increasing and I expect it to rise exponentially throughout next year. It is a completely automated stream of income and requires almost no time to manage. I won’t hit level 2 ($500 a month) by the end of the year with this stream of income; however, I may be able to double it by the end of next year. I am pleased with my progress. As I set my goals for next year, I will be able to set my levels more accurately. I now know what it takes to increase the revenue being produced by this stream. I didn’t even know what the stream would be in January. I am looking at a second stream of income now. I will not reach the level three goal unless I get really lucky; however, I am on course to be earning more money each and every month. What have I learned that has been most profound? Do not get derailed or give up too early. Many times throughout the year I was ready to throw the towel in. I was not seeing the progress that I desired. My wife encouraged me to keep doing what I was doing and stay focused. Two months ago I saw the income rise threefold per month. The income is increasing and I now know that I must stay the course. On Friday, I will share the results of another goal. How are you doing with your goals? posted at 10/12/2006 08:00:00 AM |
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Copyright © 2006 Beat Your Own Drum
1 Comments:
Let's see....
I finished my revisions by the end of September...
I got my hair done before the $@#$* weddings...
I ran the dishwasher today...
I bought a new purse...
How am I doing? :)
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