Most resolutions for the New Year die in February.
That’s according to research and media reports, which state that a staggering 80 percent of personal goals will be abandoned by the second week of this month.
Entrepreneurs are not immune to this phenomenon. Many successful business owners subscribe to the idea of management by objective (MBO), which is based on goal setting and achieving results — not dissimilar to the concept of New Year’s resolutions.
However, the truth is that despite their best efforts and intentions, entrepreneurs don’t always achieve their business goals. If you’re part of that 80 percent statistic, or can relate to it, New York Times bestselling author, productivity expert and executive coach Dan Miller says transforming failure into success is often, and literally, a matter of time.
“One of the biggest reasons for various types of failures that I hear from clients and executive coaches I train is that they don’t have enough time,” said Miller. “But whether you’re Warren Buffet or Jimmy Buffet, we all have 168 hours to fill each week. A critical key to success is deciding in advance how you’ll spend those hours. Consider that every successful business has a budget that allocates specific dollars for specific use. We have to apply the same intention to our time. Every week dedicate specific time blocks for specific use and don’t be distracted. You’ll be amazed at what you can get done.”
In addition to his dogged time management advice, Miller offers the following actionable tips based on his 30 plus years…