I recently conducted a webinar for Small Business Solver entitled Action Planning. It was the middle of January and an excellent time to give some thought to 2014 goals.
I used the opportunity to describe a process that includes goal setting, action planning, implementation, measurement and re-assessment. Not surprisingly, this process is an iterative one. Whether we set personal goals or business goals, we’ve likely all encountered the situation that frequently follows as we begin the implementation process. We hit an obstacle. Something, or perhaps someone, presents us with a challenge that must be resolved if we are to continue towards our stated goal. Our ability to devise strategies that enable us to overcome the challenges that we will encounter is a good predictor of our ability to succeed.
At the end of my presentation there was a Q&A session and one of the participants asked the following interesting question: “how do you know when it is time to give up on a goal?” What a great question!
In my mind, this is a ‘one size does not fit all’ question. Obviously, in order to have a return on our investment, we must first make an investment. But when do we say ‘enough is enough’? Pride and stubbornness might cause us to hang in too long. But, fear and uncertainty might have the opposite affect. My thoughts are captured in the audio presentation that you’ll find here: