Calling you out on your “hope” — and asking you to work backwards.

I’m going to call you on a particularly pernicious piece of bullsh*t today. It’s this:

Hope.

Let me explain.

Yesterday I was on call with Amanda Farough, the owner of Violet Minded Design. We were discussing the income & sales brackets her new target clients are in. I was a bit surprised that she didn’t have a quick answer because these are celebrities that you & I both know. These aren’t mystery people and they talk about their earning quite a bit because it’s part of their job!

That was the tip off.

If she wasn’t aware of their sales bracket, then she wasn’t aware of her sales goal.

She let me know she “hoped” for a certain figure this year.

“A hope is not a goal,” I said. “A goal has a plan.”

She wrote that down in her notes.

When you have a hope, there’s no ownership attached to that outcome.

You’re shooting blanks and you don’t even know what your target is.

If you’re operating your business on “a hope,” today is the day to get honest about that fact and turn your hope into a goal that shapes your business for the better. Here’s how:

  1. Fess up. Admit to yourself that the number, the milestone, the ideal you’ve had in mind is only a hope and not a goal.
  2. Get real. Is what you’ve been hoping for really what you desire? Is it more? Is it less? Is it different? Understand what you really want for yourself & your business. Often when something remains a hope and not a goal, it’s because it doesn’t represent the true desire.
  3. State the goal. Turn your hope into a goal by stating it directly & with confidence. Don’t dare use the word hope when you state your goal.
  4. Work backwards. Now that you have the goal, it’s time to work backwards to create the plan. How many widgets do you need to sell to make the sales number? How many phone calls do you need to make to reach the milestone? How many press releases do you need to send?
  5. Tell someone else. You are not alone. Your business doesn’t operate in a vacuum. Tell someone your goal and use the same language you used when you stated it yourself. Better yet, fill them in on the plan and tell them how they can help. You’ll take the words right out of their mouth.

See the plan you created when you worked backwards? Those are your priorities. Anytime you are faced with the opportunity for something new & shiny in your business, ask yourself if it helps you accomplish any piece of that plan. If the answer is no, ignore the shiny!

Work that doesn’t fit the plan is busy work. It may need done but it probably needs to be done by someone else.

Work that doesn’t fit that plan is keeping you from serving clients the way you want to serve them and it’s keeping you from being served by your business in a way that moves you – as a human being – forward.

When all you have is a hope, that extraneous, sometimes shiny work, is attractive. Even addictive. It helps you keep the hope a hope and nothing more. It gives you an easy out on what could be true goals. It gives you excuses when you really you have none.

Check & recheck. Is it a hope — or is it a goal?

What hope have you been holding onto in lieu of a goal? Click here to share it on Twitter.

The risk of realizing your potential and the opportunity of disaster

“High tolerance for risk.” It’s a qualification for hedge fund managers, venture capitalists, and Silicon Valley entrepreneurs. But you?

Most think entrepreneurship is a relatively risky endeavor. Steady pay checks, job descriptions, chains of command, succession plans, and – don’t forget – the unemployment safety net provides much more of a “sure thing.”

I’ve never thought of myself as being especially risk-tolerant. At the same time, I rarely perceive risk. I have always been a fan of worst case scenarios. If I can imagine the worst case scenario and imagine living through that, how risky could something really be? And really what can’t we live through?

But risk is really a matter of perspective. It is the awareness that, while potential is a constant, our actions have the capacity – and the will – to take us step by step, foothold by foothold, towards our of desires.

What I have learned through my own series of risky actions – buying a business, writing ebooks, transitioning brands, hosting a high end live event… – is that the outcome of any “risky” decision is rarely beyond the scope of my own actions. I will make the calls I need to make, write the emails I need to make, produce the content, close the sale, push through the barrier. It’s the risk – or its perception – that allows me to better understand the capacity of my own will and desire.

Of course, embracing risk on the basis of my own merit flirts with the potential for control issues. Yep, got those too. So I balance the knowing of my own actions with the unknowing of what opportunities disaster could bring. And yes, that is quite a happy way to live life.

I know that in disasters there is pain, heartbreak, financial hardship. But there is also revelation and revolution.

A revolution is a way of being that becomes a significantly better way of doing.
- Danielle LaPorte, The Fire Starter Sessions

The perception of risk – of the potential for true loss – fades a way when this balance is understood. The way up is yours to climb. The fall down presents its own glorious uncertainty.

Focus your awareness on the beauty of this balance.

Risk falls away.

You will endure.

***

Today, my friend and partner-in-crime at Reclaiming Wealth, Adam King, is releasing his new book. It’s called Entrepreneurship at Your Own Risk. It’s a personal narrative of risk-taking & shifting perception that is colored by interviews with 7 entrepreneurs, including Jonathan Fields, Mark Silver, and… me!

Pick up your copy today.

3 Opportunities to Catch Me Speak – virtually! – Next Week

Ever wish you could come to a session of mine at a conference? Now you can. Three times. In your pajamas. For free.

BlogcastFM – A Handmade Evening

Monday, May 14 at 9pm Eastern

Sure, this event is jam-packed with stars from the maker blog community. But I dare you to not grab some big takeaways for whatever kind of business you run. I’ll be talking about running your blog like a business. If you are any kind of “idea” person, you’ll find this enlightening.

BlogCastFM is the preeminent talk show for bloggers of all types. Srini, the host & co-founder, has been called the Larry King of the blogosphere.

Click here to learn more!

The Art of Pricing for Profit

Tuesday, May 15 at 7pm Eastern

Megan & I deliver quite a one-two punch. First, I’ll be tackling the psychology & philosophy of earning more and charging more. Next, Megan will give the specifics on creating a pricing strategy that works for you. It’s geared to those with physical products but, again, this is going to be packed with aha! moments for anyone.

This all goes down at the Etsy Labs. You can watch it at the Virtual Labs.

Click here for more info!

WE Mastermind Training on Profitable Passion Businesses

Thursday, May 17 at 8pm Eastern

WE MastermindWhat does it really take to translate a passion into a profitable business? Where do you start? And, most importantly, how do you take a nascent business and turn it into a legacy? Natalie and Natalie know. And I’m so thrilled to connect them & their brainchild, WE Mastermind, to you.

Click here for more info!