About this episode
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SPECIAL OFFER: Revelo is offering Curiosity Chronicle subscribers 20% off the first 3 months of any hire! Use the link below to take advantage of this crazy deal! Today at a Glance: Goal setting is everywhere—we all set goals, but very few do it well. Why? Goal setting is equal parts art and science—it’s a craft that must be honed like any other. The new framework for goal setting involves five core steps: (1) Set the Stage, (2) Identify BHAG, (3) Work Backwards, (4) Establish Process Goals, (5) Track & Adjust. It’s critical to avoid goal competition and paralysis. To stay focused, the framework only allows for 1 BHAG (Big Hairy Audacious Goal), 1 connected medium-term goal, and 2-3 daily process goals per category. The Goal Setting Guide Well, we made it. Welcome to 2022! 2021 had a whole lot of twists and turns, but if you’re reading this, you managed to navigate them all and come out on the other side. Congratulations on surviving another year in this crazy simulation we call life. Pardon the cliché, but a new year signifies a new opportunity. It’s officially time to look ahead to the opportunity before us, plant a stake in the ground, and attack 2022 with boundless energy. Hopefully you rested up over the holiday break, because it’s time to go… An Intro to Goal Setting From a young age, we are taught to set goals—first for our grades and athletic endeavors, next for our careers, and last for our health and lives. Goal setting is everywhere—we all set goals, but very few do it well. Take me as an example. I'm very goal-oriented. But I've set—and then failed to achieve—many over the years. I would start the new year with an ambitious set of goals and then slowly fall short on most of them. Discouraged, I started reading more on goal setting to understand why… What I’ve learned: Goal setting is equal parts art and science—it’s a craft that must be honed like any other. Most importantly, there is a clear framework for successful goal setting—a better way. Put simply, consistent goal achievement is never an accident. In this piece, I will share my new framework for goal setting. Goal Setting: A New Framework First, it’s worth pointing out that most of us struggle with the same set of issues with respect to goal setting. The most common issues: Too Many: Goal competition occurs, with goals effectively competing against one another for your time and mindshare. Too Loose: Weak, unstructured goals lacking clear metrics or time bounds. Not Tied to Actions: Lack of clear process actions to achieve them. Unfit Environment: Environment unsuited for consistent execution. If you've struggled with goal setting (like me), chances are one of these issues is to blame. But let’s get to the better way—a new framework for goal setting that will allow you to set and smash your goals for 2022. It involves five core steps: Set the Stage Identify BHAG Work Backwards Establish Process Goals Track & Adjust The general framework is fixed, but its application is intended to be dynamic and iterative. Let's dive right in… Step 1: Set the Stage In the first step, you’ll establish the categories that you'll be building goals around. For me, it’s three: Personal Professional Health Note: I find that covering these three areas forces progress in all major domains of my life, but some people will likely prefer a more narrow focus with just one. That’s totally fine! Within each category you choose, you only have room for: 1 BHAG (Big Hairy Audacious Goal): Your big, bold goal. 1 Connected Medium-Term Goal: Interim goal on the path to the BHAG. 2-3 Daily Process Goals: Daily actions and habits. That's it—that’s all you’re allowed. Nothing more. The clarity and simplicity this limitation forces is a core feature of the framework. Step 2: Identify BHAG Your BHAG—Big Hairy Audacious Goal—is exactly what it sounds like. It should be big and ambitious (but stop short of being completely ridiculous). Think of this as your North Star for the year. It's the metaphorical poster on your wall—motivating on an abstract macro scale, but perhaps too grand and scary to be motivating on a micro daily basis. Remember: You can only have one BHAG within a category! In my case, that means one professional BHAG, one personal BHAG, and one health BHAG. Too many and you get goal competition and paralysis. Crystallize your BHAGs. Write them down, print them out, put them on your wall if you want. Whatever works for you. Step 3: Work Backwards Step 3 forces you to confront and manage a goal setting reality: BHAGs are great for vision, but TERRIBLE for guiding short and medium-term actions. To manage this, work backwards from the BHAG to identify one medium-term goal that is connected to it. If you imagine your year as a mountain and your BHAG is the summit, the connected medium-term goal is a mid-climb campsite. You can’t reach the summit without reaching this point—all roads lead directly through it. Note: There are time considerations to this step. If your BHAG is an annual goal, you may want to establish a new connected medium-term goal on a rolling quarterly basis. You don't need to plan the connected medium-term goals ahead of time. Be dynamic and flexible about these. Step 4: Establish Process Goals Process goals are the key to the entire framework. What are the 2-3 daily actions that you would need to take to create tangible, compounding progress? These should be the SIMPLEST daily actions. The "atomic units" of progress in a given arena. A few simple examples of process goals for different areas: Writing: 30 minutes of daily focused writing. Fitness: 30 minutes of movement per day. Health: No processed foods on weekdays; no alcohol on weekdays. Whereas the BHAG and medium-term connected goals are generally results-focused, the process goals are inputs-focused. These are the daily deposits you are going to make into the bank. The tiny daily actions that compound to create massive long-term results. My friend James Clear calls the daily process goals the "oars" that move your boat, while the BHAGs and medium-term goals are the "rudders" that set the direction. I l...