1. Name Your End Year Financial Goal- Get clear what you want to bring in for the year ahead. A quick tip; determine what your financial needs are from a business and personal perspective. You might be surprised to discover that your dreams and goals may not cost as much as you think. A great read on this subject is Tim Ferris’s book The 4 Hour Workweek. Once you’ve determined your yearly money end goal break this down into monthly goals.
2. Write Down All of Your Current Income Streams- This will help you to see very quickly and very clearly what is brought in the majority of your cash flow for this past year.
3. Document Your Business Expenses- As you go through this exercise you will see where some of your money “leaks” are, what services & subscriptions you no longer use or that do not provide you with an excellent ROI. Be vigilant and cut out all unneccesary expenses.
4. Do Some Business “Soul Searching”- Brainstorm and write down all of your creative ideas on how you would like to earn your financial goals. Use Mindmapping to give yourself an extra creative boost. From all of these options, see which has the strongest potential? What are some “low hanging fruit” products or services that can bring you the money most easily?
5. Create Your “Master Plan” for 2010- Now that you have prioritized your goals, have a clear picture for your financial target for 2010, chunk it down. A great tip? Get out your giant Flip Chart and some magic markers and get to work creating your plan for the year ahead. From here put your projects into your calendar and establish a way to hold yourself accountable to your goals. hint; a coach mentor and a trusted colleagues are a great way to safeguard your goals and dreams.
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