They say one third of new year’s resolutions don’t make it past the end of January.
Often the goals we set at this time of year aren’t carefully considered for the long term. The new year presents new opportunity, so it’s an ideal time to start implementing some positive changes. But how achievable are the goals we set at our most optimistic, carefree selves? Turns out the person I am lying poolside in Noosa isn’t the same as the latte-dependant working parent I am on the regular. Who knew?
We need to be realistic about what’s achievable for 2023 to avoid setting ourselves up for failure. If we can take anything from the past few years, it’s that we can’t predict what’s around the corner. But setting goals is a great way to take stock of where we’re at personally and professionally. By clearly laying out what we want, with a detailed plan of how we’ll get there, we’re more likely to swerve and continue in the face of adversity rather than derail altogether.
Set yourself up for success with some tangible and achievable property goals for 2023 by first considering the following:
Big dreams are what life’s all about. But be realistic about what you can achieve over a 365-day period. Trying to achieve too much, too soon puts major pressure not only on yourself but on your other commitments as well. So, if you think extra time in the office will help you achieve XYZ but that means time away from loved ones, ask yourself how sustainable it is long term and at what cost. Approaching your new year’s resolution like a marathon rather than a sprint means other areas of your life are less likely to feel the pressure. Balance is key here.
Write your goals out clearly and assign everything a time frame. If it’s a bigger goal you’re trying to achieve, let’s say:
‘I want to be Melbourne’s top sales agent for commercial property by 2024’
then approach it like you would a television series. Game of Thrones is a lot, and most characters die horrible, gruesome deaths. At first glance it’s a little… much? But break it up over an eight-part series and we’re all yay for dragons.
So if you did want to be Melbourne’s top commercial sales agent by the year’s end, break your numbers down monthly (or fortnightly, weekly) and plan from there. Map out how you’re going to achieve an increase in sales by asking yourself the hard questions, like what’s held you back in the past. Be honest about your limitations. Do you need to network more to grow your client base or are you time-poor and need greater support around you to get through your daily tasks? Would employing extra staff better free up your time so you can invest your energy elsewhere?
There are many factors to consider and there’s no singular check list for success. But listing your goals in stages with time frames, will help progress your goal forward throughout the year.
Write your goals down. Better yet, discuss your goals in person with those that will hold you accountable. Share them with people who genuinely want to see you succeed. It’s easy to brush those new year’s resolutions aside when you have no one to answer to but yourself. Maybe you can do the same for someone else so you’re each other’s cheerleaders for the year ahead?
New year’s resolutions are achievable when approached right. Remember, Property Credit is all about removing limitations. Whether you’re a property seller, buyer or investor wanting to free up cash flow barriers or a property professional wanting to achieve more for your clients, our team is here to help get your goals across the line.
This article is for general information purposes only and is not intended as financial product advice. Consider seeking independent financial advice that relates to your individual circumstances.