Build with Leila Hormozi 5 Goal-Setting Mistakes That Will Tank Your Business | Ep 154
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Jul 1, 2024 Discover the art of setting effective business goals without feeling overwhelmed. Learn why personalizing goals and ensuring flexibility are crucial for success. Explore common pitfalls, like the dangers of overloading your team with too many objectives. Leila shares her insights on measuring progress and maintaining focus with fewer, well-defined goals. With practical strategies drawn from her experience in building a $100M business, this discussion offers valuable tips to drive your business forward.
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Personalize and Incentivize Goals
- Tie goals directly to individual performance and incentivize accordingly.
- Ensure individual incentives align with overall company objectives, avoiding misaligned incentives.
Maintain Flexible Goals
- Make your goals flexible and adaptable to changing circumstances or new information.
- Regularly evaluate if goals still address the right problems, considering resource constraints and changing conditions.
Measure and Track Progress
- Measure progress towards goals to identify both advancements and obstacles.
- Track leading indicators that suggest progress even if the final goal isn't immediately visible.