Setting Goals for 2023? Here is a different way to think about this. Goals

January 02, 2023

by a professional from Northern Arizona University in Tucson, AZ, USA

Setting Goals for 2023? Here is a different way to think about this. Goals are actually "Lagging Indicators". You should be focusing on "Leading Indicators"

Leading indicators are described as inputs. They define what actions are necessary to achieve your goals with measurable outcomes.

A "Lagging indicator" measures current performance

Example, If you wanted to become a Millionaire a Lagging indicator is to set your goal for 2023 - "Become a Millionaire".

A "Leading Indicator" would be asking questions like;

What processes can I employ to achieve this goal to higher levels of success?
What knowledge do I need to acquire?
What skills can I improve to better achieve the desired outcome?
What steps can be taken to speed up the process?

Then specifically,

What books can I read to become a millionaire in buying Businesses?
Who can I interview for a buying businesses podcast?
Who can I hire as a millionaire business buying mentor?
What mastermind group can I join with other business buying millionaires?

Does that help? Interested to here your Comments down below.

Reply by a searcher
from Texas Tech University in Houston, TX, USA

Hi Jon, Thanks for your post about setting goals for the new year. I totally agree that having clear, measurable objectives is key to staying focused and tracking progress by using Leading indicators. I've found the OKR framework (Objectives and Key Results) to be really helpful for this. The idea behind OKRs is to set a few high-level, ambitious objectives for a certain time period (e.g. a quarter or a year) and then identify specific, measurable key results that will help us achieve those objectives. By setting challenging yet achievable key results, we can track progress and make adjustments as needed. I think OKRs could be a good fit as we set goals for the new year. By focusing on a few key objectives and identifying the specific actions that will help us get there, we can stay aligned and make meaningful progress. What do you think?

Reply by a searcher
from Dartmouth College in Huntington Beach, CA, USA

Interesting perspective! One question that interests me in goal-setting in a method like this (based on this example) is how to make an informed decision on the right processes/steps/people to enable achieving the goal. We often study only those who arrive at these positions/goals and neglect to study those who didn't make it, so it is quite possible that those who didn't achieve the goal followed many of the same processes / steps.

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