Monthly Archives: June 2014

Re-write my business plan already?!

Just last week I was discussing writing my business plan, but already I’ve found a reason to review it!

Awesome... and Ridiculous?

Awesome… and Ridiculous?

My business plan essentially has two functions: it documents what my ideal future will look like and it sets out how I going to get my current reality to look that way. Setting goals makes the journey more manageable, breaking it down into smaller steps so I can see the road ahead.

Being an accountant I chose goals that were SMART: Specific, Measureable, Achievable, Realistic and Time-bound.

However, since then I’ve been to a Management Accountant’s conference, one of the speakers – the fabtastic Steve McDermott – suggested that instead of focussing on things that were Achievable and Realistic we should look at setting goals that are AWESOME and/or RIDICULOUS!

Well, why not? This is a plan, a point to aim for. If I don’t manage to reach that point it doesn’t really matter, no-one will sack me, the sky won’t fall in.

Crucially though, if I aim high and miss I may well be better off than if I had stayed realistic and achieved my target. I may also come across new opportunities that I would otherwise have passed up as too ambitious.

So, now I need to go back to the drawing board and think of some Aweome and Ridiculous goals to add to the existing ones. Hopefully this new plan will last a but longer!