Just like that, we’re in December! Time flies when you busy with life but it’s always good to reflect on the year that has passed, especially if you have set goals for the year.
The importance of goal evaluation
According to studies, people who write down their goals, share them, and keep checking in on their progress are 33% more successful. By evaluating, you can determine where you can make improvements, which areas you are exceeding in and where more work is needed.
How do you evaluate?
When you set your goals, you need to ensure that they are measurable and have a deadline. It’s not enough to say that “I want to be a successful property investor”. That’s something to work towards but if your goals are not measurable, it’s going to be difficult to assess them. An example of a measurable goal is: “I want to close three property deals by the end of the year”.
To review your measurable goals, ask yourself the following five questions:
- What actions have you taken in the last month to help progression towards your goals?
- Have you struggled with the execution of your goals?
- Which resources have you used to help achieve your goals and have they helped you?
- Have you ever waivered or questioned whether to continue your goal?
- What challenges were in the way of achieving your goals?
The five questions above will help you refine your goals for the next year and give you an idea of what steps are needed to amp up your achievement list.
If you feel you’re not satisfied with your answers or feel like a ‘failure’ because your answers are not satisfactory, don’t fret! The idea of reviewing is to improve your process and to help you refine your goals for the following year.
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