It’s a new year, which means it’s time to set new goals. Let’s say you have your clear, measurable goal defined down to a T. But you’re not done yet. Now you’ve got to lay out the path you plan to take in order to achieve it. That means drafting up a plan and setting milestones for yourself, so you know when you’ve achieved important steps along the way. Here are 3 to-do lists every entrepreneur should have, as well as anyone who wants to improve the quality of their personal and work life:
There are fundamental milestones that relate to personal behaviors and financial freedom. What behaviors should we change or eliminate?
1.) Behavioral Change To-Do List
- Taking the same route to work every day
- Hour-long lunches
- Watching TV every night
By changing these three simple behaviors, you are setting milestones that help you achieve your goal. Taking a different route to work gives you new scenery and helps you learn about the market and the properties within it. It helps you understand traffic patterns and gives you new perspective on new areas. Using half your lunch hour to eat frees up the other half to make phone calls, meet with your team, and even visit properties. And in case you’re a numbers person, a half-hour per weekday adds up to ten hours per month. Finally, eliminating TV, or at least reducing your viewing time, frees up countless hours in the evenings to work on your business. Look at your own behaviors and modify them to achieve your goals.
How much money do you need to make to be financially free and what are you going to do to make it happen?
2.) Financial Freedom To-Do List
- Add up your personal expenses
- Determine what you can reduce, eliminate, or do without
- Figure out how many properties you need to buy to cover the total
Over the years, I’ve established a system that I use every time. You should communicate milestones clearly to your network of business partners, and everyone you meet. You never know who will be the one to reveal the perfect property opportunity to you, so the more details you can provide up front the better.
3.) Business To-Do List
- Find your team
- Evaluate the market
- Find a great property
- Assign a valuation to the property
- Establish a property plan
- Develop a budget
- Manage the property
Use this list to help you map out your goals. It’s important to be honest with yourself, and only write in the things that you really plan to accomplish.
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