For the second year in a row, I took a 24-hour personal retreat to a tiny house in Buena Vista, Colorado — about 2 hours west of my home in Colorado Springs — to get further up into the mountains, clear my head, and get busy setting goals for business in 2021.
But if you’ve spent any time listening to Season 1 of our Metaphorically Speaking podcast, you know this has not been an annual pilgrimage for me. Setting goals for business has never been my thing. And it wasn’t until last year that I realized why that has been the case for most of my career and the past eight years of running this business. It’s because I hate failing. I hate not accomplishing everything I set out to do. I hate not being perfect. And so, rather than run the risk of failing, it’s been better (or safer) to never spend time defining clear intentions for myself or the business.
But lately (thanks to my podcast co-host, Shannon Jirik), I’ve realized that safety zone brings about its own set of challenges — chiefly the wasted expense of energy running in place. Without taking time to look at where I’ve come from or where I’m going, I end up spending most of my time looking down — watching my feet move without taking me anywhere.
Not that I haven’t had success.
The fact that I’ve kept this business running for the past eight years means I’ve been successful in beating the national average — with a third of new businesses exiting within their first two years, and half exiting within their first five years. And so, the stats alone tell me that I haven’t stood still that whole time. I know I’ve shifted and moved with the times to not only make some money, but also partner with great clients and people along the way.
The problem, though, is that I can’t look back or forward and easily find the mile markers. I can’t clearly see the things that I did — or the things that happened to me — that caused me to change my business over the years. Nor can I quickly identify the visions I’ve had — or continue to have — for the future of Keyhole Marketing.
But I’m tired of that. And so, with Shannon’s encouragement, I created some new history this year by building off last year’s successes and continue setting goals for my business in 2021.
But here’s the thing. I didn’t write them from my perspective today, projecting out to what I hope to accomplish. Rather, I wrote them as I stood, or sat, or drank from December 31, 2021 — looking back on all I’d accomplished and all it took to get there.
And specifically, I asked myself the following 33 questions:
From there, I built out my objectives and key results, or as Google likes to call them: OKRs.
What are those? You can find out more than you’d likely want to know via this google video, but, in short, it’s a simple way of creating 3-5 desired outcomes that you want (objectives). This usually comes about by asking yourself: where do I want to go? — or as I did: where did I already go? And then by listing out corresponding measurable ways you can know if you’re on track to reach them (key results) by asking yourself: how will I know if I’m getting there?
And want to know the beauty of OKRs? You don’t want to ever fully reach them! In fact, you’ll ideally only achieve 70 percent of your OKRs. Getting 100 percent means your OKRs aren’t ambitious enough. And that’s music to this perfectionist’s ears!
Clearly, I’m not the authority on setting goals, and so I can’t speak with any certainty on how successful my plan will be. But I’m still going to celebrate the fact that I have a plan for the second straight year!
If you’re interested in setting goals for business in the same way I did, please reach out. I’d love to connect with you and spur each other on throughout the year.
Happy New Year to us!