Why is focus and goal setting so important to succeeding as a renovator? If you want to renovate for love or profit, you need to set goals!
In this blog, we share our tips for focus and goal setting before starting a renovation.
Foong, one of our renovation students was excited about the ‘Christmas present’ she just received.
She sold a house that she had recently renovated, for a pleasing amount and as a partner in the deal, she was owed a percentage of the profit. Foong was very happy with the amount and described it as follows: “Just my share alone is close to the top tax bracket”
What Foong means by that, is she has broken through Australia’s top tax bracket in just one good renovation deal.
According to the Government website – That means her part of the profit is approximately $180,000!
So what is the secret to achieving a result like that?
Getting very clear on income goals and understanding the importance of reaching those goals gives people a strong reason to focus. To ‘clear the decks’ of distractions, to get busy doing what they know they need to be doing – even if they don’t feel ready, or are not in the mood.
Being purposefully focused helps to:
– Eliminate distractions
– Get more done faster
– Make fewer mistakes
– Create higher quality outcomes
– Better creativity – more ideas come to you
Set bite-sized, attainable goals.
It’s important to write goals down and break them into bite sized chunks.
Firstly, start with working out how many renovations you need to finish, to reach your annual income goal.
Next, write down each action step in order of importance.
Most importantly, take the required action and check off each one along the way.
Don’t look at the whole year all in one lump! It may appear as a big overwhelming ‘mountain to climb’. Just go through each action step one by one.
Remember to set deadlines that suit you
Take the deadlines you set for yourself as seriously as you would if a boss had set them for you.
And get cracking!
Firstly, every 30 days, review the progress.
Next, after 60 days, check in – review the progress and add more goals.
After that, every 90 days, assess that each individual goal has been achieved and in a timely manner and you are up to date. If so, that means that you are on track to reach your annual income goal.
In only 90 days, you'll be surprised how far you've come. Make sure you reflect.
Above all, you need to look back and reflect on how much faster you are achieving results, simply by changing your focus and setting achievable milestones.
That’s what makes every year more lucrative than the last – financially and emotionally!
This blog was written by the RARE team
Team RARE are passionate about renovations, interiors and
sharing our favourite DIY tips and tricks with our community.