Wednesday, October 19, 2011

ILWE: Setting Better Goals

The basic snag in not setting goals is that people end up running up and down the path of life without exactly knowing where to go. A lot of individuals may not be aware that establishing aims is like having a planned itinerary as they travel the journey of their existence. Goals can help people determine where they presently are, and where they want to be in the near future.

With a firm set of goals, one can have a clear vision of the future and be able to continue moving forward in pursuit of these targets. As experts say, having an ultimate dream can help one live more consciously and be able to channel time, effort and energy toward the right aims.

Moreover, having something to look forward to can definitely keep a person driven. Our desires can propel us towards the fulfillment of our dreams. By having clear, lofty goals, each of us can work toward realizing our full potential. Knowing what we want to become and what we want to achieve can stretch our abilities to help us reach our goals.

Reliable life and career coaches including those from The Entrepreneur's Source advise that the first step in clearly setting targets is to know what one wants specifically for the future. According to them, it cannot be as general as "I want to be happy," or "I want to be rich." In effectively setting attainable goals, one can use the famous acronym ILWE.

These four letters stand for Income, Lifestyle, Wealth, and Equity. In economics, income is simply defined as the payment received for rendering goods and services; however, in goal-setting, the exact amount and source must also be specified. It is not enough to dream of earning a six-digit salary. Certainly, consultants such as The Entrepreneur's Source also advise individuals to set the specific kind of lifestyle that they want to have.

The same vividness must also be present in picturing the wealth and equity that a person aspires to have. Finally, these goals must be realized with the equivalent hard work. Being an entrepreneur is one way of achieving this. If one needs professional coaching on starting up a business, it is best to consult experts like The Entrepreneur's Source.

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