My Goal Setting Experiences:
I have never taken Goals Setting seriously, but have attempting personal goals that either failed or succeeded by chance. I have often discovered that my goals ended up as some form of fantasy or mirage. But three years ago I decided to take things seriously. I started from a goal that eventually failed, but later attempted one that has succeeded.
My first goal that failed was a one year goal to be financially self-sustaining. I set as goal, to raise a small scale business that would make me financially self-sustaining without depending on my monthly salary. I decided to invest in motorbike transport business within a year, but a year after that, I did not succeed. My original objective was to save money up to 500.000frscfa …show more content…
It was a blindly targeted plan created as a knee-jerk response to a month’s crucial deficit. At the end of the ten months I had saved less than 5% of the required amount, which meant, I needed fifty months for such a dream to ever be realistic. I decided to get a loan. I was cautious though, by limiting it to a short-term loan from a microfinance house. But I still did not find my life to be self-sustaining as envisaged. I still had debts, deficits and pressure from the microfinance due to inconsistency in loan …show more content…
It was total failure, though I struggled to do away with the bike by selling it out when the loan had gone for eight months, with interest. I succeeded to pay off the microfinance.
The second goal I set worked exactly as planned and is still working. My second, goal was to set up a second source of regular income apart from my monthly salary. The specific goal was to raise 250.000 frs from salary savings in ten months, and to invest in the periodic purchase and sale of Egusi. I selected egusi because it does not get bad when properly dried, and I also had childhood experience on its methods of preservation, and periods of increase demand. My grandmother use to cultivate small amount of
I have never taken Goals Setting seriously, but have attempting personal goals that either failed or succeeded by chance. I have often discovered that my goals ended up as some form of fantasy or mirage. But three years ago I decided to take things seriously. I started from a goal that eventually failed, but later attempted one that has succeeded.
My first goal that failed was a one year goal to be financially self-sustaining. I set as goal, to raise a small scale business that would make me financially self-sustaining without depending on my monthly salary. I decided to invest in motorbike transport business within a year, but a year after that, I did not succeed. My original objective was to save money up to 500.000frscfa …show more content…
It was a blindly targeted plan created as a knee-jerk response to a month’s crucial deficit. At the end of the ten months I had saved less than 5% of the required amount, which meant, I needed fifty months for such a dream to ever be realistic. I decided to get a loan. I was cautious though, by limiting it to a short-term loan from a microfinance house. But I still did not find my life to be self-sustaining as envisaged. I still had debts, deficits and pressure from the microfinance due to inconsistency in loan …show more content…
It was total failure, though I struggled to do away with the bike by selling it out when the loan had gone for eight months, with interest. I succeeded to pay off the microfinance.
The second goal I set worked exactly as planned and is still working. My second, goal was to set up a second source of regular income apart from my monthly salary. The specific goal was to raise 250.000 frs from salary savings in ten months, and to invest in the periodic purchase and sale of Egusi. I selected egusi because it does not get bad when properly dried, and I also had childhood experience on its methods of preservation, and periods of increase demand. My grandmother use to cultivate small amount of