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Act on your passions

Act on your passions

Act on your Passions

I don’t entirely agree with the expression ‘do what you love, and the money will follow.’ You might love what you do, and eventually the day may come where you are financially rewarded for it, but what will you live off in the meantime? Passion does not pay the bills.  We need to make a plan!

When you discover your passion, something you would really love to commit to full time, you must start developing your long-term plan and taking action on it TODAY. As much as we would all love to quit our job and jump into our new venture feet first, it is just not viable or practical for most people and for those that can – awesome and congratulations.  But that is not the norm. 

But dreaming is not enough, visualising is not enough .. we need to take ACTION to gain that experience and feeling you imagine from doing what you are passionate about. 

The good news is with the right mindset, quality questions and a plan, there is a way to succeed.

Where do I begin?

An exercise to identify your passions and establishing which of those could be used to create an income.

Step 1: Ask yourself the following questions.

  1. What are your strengths?
  2. What are you passionate about?
  3. Can you align your strengths with your passions?
  4. Where these passions and strengths align, would you be able to use them as a source of income?
  5. Is that source of income a service to others; will it benefit others or the world we live in?
  6. How will you generate revenue by doing this, what would be your differentiator?
  7. Can you anticipate the hurdles you will encounter along the way?
  8. How will you overcome these hurdles?
  9. What are your 5 short-term and long-term goals?
  10. What are your top priorities to focus on to begin achieving your short-term goals?
  11. What would you need to do more of, less of for short and long term plan? (including less of or more of which humans in your life) 
  12.  What will motivate you to continue reaching your goals, even when you encounter difficulties?
  13. Write a story about how you will experience or feel when you have realised a sustainable income from following your passion(s).  Who is the first person you would tell, how would you describe the journey to them? 

Step 2: Start Saving

Think about your finances. Eventually you will have the stability to commit full time, but during the initial stages, it is unlikely that you will have that luxury. It takes the average business 2-3 years to start making a profit. Begin to prepare your ‘back-up’ finances and start saving for start up costs. Cut out unnecessary spend now. 

Step 3: Start Networking

Start forming connections to expand your network. The accessibility of social media makes it easy to reach out to similar individuals for inspiration, support, and information. Having a supporting network before you begin your venture will be a great asset to your long-term success.  Limit yourself to research, dont get lost in what everyone else is doing, gain enough insights then get off the ‘research’ merry go round and apply your plan. 

Step 4: Get guidance from a professional

Run your ideas past a mentor.  Their role is to assess your circumstances and support and guide you towards a successful path, applying their experiences in a positive and inspiring way.  You have what it takes within you, this is your dream, your passion.  A good mentor helps you improve your intuition and where you trip up inspire to keep going. They might point out obstacles you have not seen, or mitigations to risks you had not foreseen, or even shift your focus to another way to create an income from your skills and passion. If you still don’t have any ideas after asking yourself all the above questions, a mentor is a good place to begin.

Step 5: Don’t wait around

Studies have found that the longer your dreams spend in the ‘one day pile’, the less likely you will ever achieve them. Make a plan and start to take action today and every day from now forward.  Even if it is only 15 min a day .. it is a step to your future. 

Your old career or pathway is always going to remain in the background, but the chance to make a change to achieve your dreams will not. It does take time, energy, persistence and motivation but it is possible and worth it.  It is time to put the excuses aside and start making a change – you deserve it.

Love Life, Love YOUR Life

Ferne Eliz King

About Ferne

Ferne is globally recognised and called upon for quickly accelerating complex change to achieve business strategies.  Translating strategies to actionable plans, prioritisation of those actions, engagement from the right people, bringing business architecture to life or your life plan if individual and in many cases driving the change as a program director.  The bottom line is Ferne accelerates businesses or individuals to achieve outcomes and enabling that is her passion.

What's the consequence if you take no action?

“If you do the same thing today as yesterday, your tomorrow will be the same as today”.  Ferne Eliz King

Want To Learn More?

Book a free 15 min call and see how Ferne can help you accelerate your aspirations for you or your business.

Setting Achievable Goals in Business

Setting Achievable Goals in Business

Setting Achievable Goals in Business

“People with goals succeed because they know where they are going…” – Earl Nightingale

There is an art to setting business goals. When a business fails to achieve a goal, fault is often put on the actions taken along the journey, when in fact the goal itself is frequently problematic. The goal you set is just as important as the actions you take to succeed… So take the time to carefully establish your goals before you begin to chase your dreams!

Before you set a Goal

Articulate the vision and the purpose.

Be very clear in one short paragraph or less of the vision and the purpose of the goal.  Describe the experience you and those affected, impacted, by the goal will experience.  What will be different for you and them when that goal is realised. 

Complete a SWOT analysis.

“Strengths, Weaknesses, Opportunities and Threats.” Don’t skip this step! It will get you thinking about your challenges and how to best overcome them. 

Know your Industry.

What direction do you believe your industry is headed? What will the future look like in 2, 5 or 10 years? Make educated predictions about your industry and use this insight establish goals that will move you in the right direction.  What issues have occurred historically?  What has been solved for and succeeded and failed, use these insights to help form your opinions. 

Know your Competitors.

It is vital to understand your competitors. Use them as a benchmark to strengthen your point of difference and set goals to exceed and lead in your industry. What are their strengths, their weaknesses. 

What is your point of difference?

What makes you different, what do you do in your business that is different?  What is it that gives you a point of difference? 

What is your values you will live by and expect others to also do?

What are your values and what are the non negotiables.  The tighter you have this, the stronger your point of difference will become.  Hire to it, partner to it, collaborate to it, align customers via it.  Do not let this be your achilleas heal. 

Setting your Goals 

Objectives:

It needs to be clear with each goal, exactly what is the objective of EACH goal.  The goals you set should by challenging but realistic. Your team will not support and will not be motivated to work towards a goal that is too far out of reach. The goals you set should be achievable within 3 years and you must have the resources needed to succeed.

Measurable – Key Results:

How will you know when you have succeeded? Use figures to make your goals measurable. What percentage do you want to increase sales by? Without this detail a growth of 0.2% and 20% will both be considered an achievement. How will you know you have achieved the goal? 

Relevance and Priority:

Keep a visual reminder of your vision or mission to ensure the goals you set align with your corporation’s values and objectives.  Demonstrate the link between this goal and objective to the priorities of the vision and purpose of your business unit and anything that is bigger or broader than your division.  Connect the dots. Prioritisation is a critical element to gain stakeholder support.  

Timely:

What is the timeframe for this goal? When will you need to achieve this by?  What needs to come before it for success, what needs to come after it for continual improvement? 

Actions & Translate those action to Receiving and Embedding Change Safely and Sustainably .. the thing that will be different:

Actionable steps need to be planned to bridge the gap between now and success with ‘checkpoints’ along the way. If you want to gain more clients, by what percent? By when? What action will be taken? Setting goals is not a task that should be rushed, those involved in the goal setting process must be given ample time to reflect and respond.  Often the receiving and embedding doing the ‘thing’ that will be different is overlooked.  We all need to become masters of change in our current environments.  Dont fail in the last 10% when the receiving and embedding the change is the thing that will determine 100% of the success.

 

Ferne Eliz King

Love Life  Love YOUR Life

About Ferne

Ferne is globally recognised and called upon for quickly accelerating complex change to achieve business strategies.  Translating strategies to actionable plans, prioritisation of those actions, engagement from the right people, bringing business architecture to life or your life plan if individual and in many cases driving the change as a program director.  The bottom line is Ferne accelerates businesses or individuals to achieve outcomes and enabling that is her passion.

What's the consequence if you take no action?

“If you do the same thing today as yesterday, your tomorrow will be the same as today”.  Ferne Eliz King

Want To Learn More?

Book a free 15 min call and see how Ferne can help you accelerate your aspirations for you or your business.

Succeeding in your Business Goals

Succeeding in your Business Goals

Succeeding in your Business Goals

The most effective way to progress in business is to set goals. There are many circumstances behind a goal that is never achieved, and often the reason is centred around ineffective planning and a loss of motivation. The road to success is not always a smooth one, but there are a range of methods and strategies to stay on track and to keep motivated when things get difficult.

Remember Your “Why” & What Values Drive You

What is the outcome from achieving this goal? Always remember your why, write it down and display it where you can be frequently reminded, especially when you hit bumps along the road.  Also describe your values, what are the guard rails you will apply to get to your why.   Be acutely aware of your values, this will determine the pace and journey you take to get to your goal. 

Spread the Word

Publicly communicate the goal to ensure you have people to hold you accountable. Accountability is one of the more effective motivators. Set up a digital calendar where those involved in the project can track its progress, know their role and deadlines and access resources.

Use the Stairs

Use a staircase to map out the chronological actions that must be taken to bridge the gap between your now and success.  Break down your goal and determine small, measurable subgoals and celebrate each achievement. As an example, if your goal is to increase revenue by 10% in 12 months, the first step could be redeveloping a revised marketing campaign and launch it within 8 weeks.

What swimlane are you in, what swimlane are others in

When several individuals or teams are involved in working towards a goal, it is important that each of them are clear of their role, their swimlane! Regular briefings are necessary, particularly on large scale projects to reflect on what is and isn’t working, alter the path when necessary and track progress.

Identify the Resources Needed

When the goal is set, the journey to success is mapped out be very clear on the skills required to bring the outcome to life, identify gaps and deal to them early.  Align team with similar or same values. 

Stick to your Deadlines.

Create a realistic timeline, and stick to it.  Be very clear what priorities come before this activity if there are constraints, be clear on where this activity sits within your overall priorities.

Celebrate the successes, and learnings as well.

Reward yourself and your team each time a target is met within the deadline and also when there has been a significant learning. 

Reflect and Revise Along the way.

It is rare to have a completely seamless journey to success in anything we do, being agile, creating a great team dynamic to reflect, revise, regularly, make it part of your weekly ways of working.  Recognise when something isn’t working and needs to be changed – not take weeks or days, address when the issue is identified.

Listen to those around you, even those you dont align to

Listening is a core skill for success, good, bad, indifferent.  Listen to between the lines, listen to the detractors, listen to the advocates.  Form your own opinion after listening. 

Imagine the feeling, the experiences you and others will have when the goal or outcome is realised.  Is the excitement of the goal larger than any fear you have to achieve it?  

If you have a fear that is greater than the feeling of excitement to realise the goal – address that fear now or you will never realise your goal. 

Love Life  Love YOUR Life

Ferne Eliz King

About Ferne

Ferne is globally recognised and called upon for quickly accelerating complex change to achieve business strategies.  Translating strategies to actionable plans, prioritisation of those actions, engagement from the right people, bringing business architecture to life or your life plan if individual and in many cases driving the change as a program director.  The bottom line is Ferne accelerates businesses or individuals to achieve outcomes and enabling that is her passion.

What's the consequence if you take no action?

“If you do the same thing today as yesterday, your tomorrow will be the same as today”.  Ferne Eliz King

Want To Learn More?

Book a free 15 min call and see how Ferne can help you accelerate your aspirations for you or your business.