Tuesday, May 10, 2016

Q2 PTC Day 37

CDH: 4:15pm - 6:45pm (2.5 hours)

Prior goals:
"
-mint.com
-organize papers
...
CDH goals (today and moving forward)-get laundry-solve cindy email addresses issue-fix the leaf on that tree-clean room-clean up house / organize-money system to align my actions with my strategy.-plan for roars moving forward... remainder of q2 and q3 goals, 2016 goals should be defined, ideas in place that i can hold myself accountable too.  goals should be very achievable and scale up.  need to be able blow it out of the water."

Leaf, cindy emails, boxes, laundry are all done.

Now what's left:
-cleaning the house... lower pri... this really a "free time on saturday" kind of thing
-mint.com -- medium pri (money system)
-plan for roars moving forward -- high pri

Mint should be quick and because it attends to roars, I want to do that first, but since its lower pri i dont want it taking up all the time.  So 30 min to mint, then 30 min to planning.  4:30pm - 5:30pm.  GO GO

Mint: Next Steps...

1. Label bills properly, so it can categorize everything according to actual spending.
2. Set budgets correctly, so post tax income is split up correctly.
3. Apply SoMM, setup additional bank accounts if necessary.
4. Set Goals and Modify budgets if needed.
5. Plan for when to check and review.

ROARS: Plan Objectives and Goals

Objectives: 
NOT goals -- these are hurdles that must be overcome to get to the next step.  Think of it like missions in Red Alert -- These are what needs to be achieved to win the mission.  There's no timeline for these, they are simply markers, the timeline is the goals.

Goals: Minimum Goals and SMART goals.  
Set BOTH for:
-Remainder of Q2 2016
-Remainder of 2016 (set these as "too easy" and I will ramp them up to start off Q3)

Minimum goals: The bare minimum goals that need to be met to be considered moving forward at a reasonable pace.  If these were set for an employee I was paying $10-15 an hour (10-20 hours a week), this is what I would expect to get done, if they didn't hit these they'd be on track for getting fired.

SMART Goals: These are standard goals that I want to achieve, if I achieve these I consider myself an active entrepreneur (even if I'm still in that "wannapreneur" phase):
SMART stands for the following -- ASK THESE Q'S WHEN GOAL SETTING:
S – Specific (or Significant).  Is it specific enough?
M – Measurable (or Meaningful).  Can it be accurately measured?
A – Attainable (or Action-Oriented).  Do I know the steps & can I determine if it's attainable?
R – Relevant (or Rewarding).  Is it the next step?  Is it the highest priority?  
T – Time-bound (or Trackable).  When is it due, and what is the timing of it's steps (see Attainable)?

Forget shooting for the stars and hitting the moon.  A real entrepreneur aims for the moon and hits the moon.  After all, JFK wasn't aiming for the stars.  Time to grow up and set realistic yet challenging goals, and to counter-balance that with minimums that there's no reason I shouldn't achieve, so I can see where I end up in the middle (unless, of course, I surpass both.)

TO BEGIN, FOR BOTH Q2 AND 2016 AS A WHOLE, SET EASY SMART GOALS, AND "STUPID EASY" MINIMUM GOALS, TO GAIN A POINT OF REFERENCE.  THINK LEAF & PERC -- TO START, THERE'S REALLY NO GOALS.

That way, you can up the ante as you go, gage Q3 goals according to your performance in Q2, and set smarter 2016 goals after you see how Q2 has gone.

THE GOAL FOR Q2 PTC DAY 38 IS TO SET THE GOALS!!  (Mint.com is not to be worked on until this is complete.)

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