Why You Shouldn’t Set New Year’s Resolutions

new-years-resolutions

With the start of a new year, resolutions come to mind, but come mid-January (or February at the latest) you’ve already broken your promise. Why is that?

Resolutions, similar to goals, are set up to fail from the start. Here’s why:

The main reason why accomplishing your goals have such a low success rate is because even the best effort doesn’t result in perfection. This isn’t a scapegoat for not trying, but rather working the odds in your favor.

New Year’s Resolutions can be compared to starting a new business. The failure rate within the first 3 years is 80%. Now 3 years is longer than one month, but the concept is the same. Resiliency and patience are hard to come by. Call it a result of our fast-paced society, but we suck at waiting for results.

There’s nothing wrong with being ambitious, but making behavior changes is hard work.

If you’ve ever set a goal and failed at it, you remember the feeling. You’ll do whatever you can to not revisit that feeling because its debilitating. Hence the reason why we avoid goal setting in the first place.

Instead shift your focus to creating good habits. Not only are habits better than goals, but they are process-oriented meaning progress is the desired outcome not perfection.

For example: losing 20 pounds is a goal while living a healthy lifestyle is a habit. You may lose the weight (doubtful), but chances are you’ll gain it back and then some shortly after. But if you decide to workout 3 times a week (on average) and cut your weekly sugar intake not only will you lose the weight, but it’s a sustainable change because you give yourself grace for special occasions.

It’s popular to set New Year’s Resolutions in January because the calendar is a trigger for fresh starts. Beyond that there’s not a real good reason why then is the best time.

When you want to fix or achieve something following the the right process is almost more important than the desired outcome. At it’s core nothing is wrong with goals, but if you want to set yourself up for success in the new year focus on habits and the results will come in time.

Winsight Episode 21: Recipe for Success

ratatouille, disney, inner chef, masterchef, kitchen nightmares, hell's kitchen, chopped, food channel, little chef

[audio http://traffic.libsyn.com/winsight/21_Winsight_Episode_21_-_Recipe_for_Success.mp3]

 

If you’ve read business books, online articles or things of that nature you’ve heard inspiring stories of successful business ventures gone right. What you don’t realize is that represents about 1% of what business owners really experience. I mentioned in a prior episode that the fail rate for a first time business is 80%. Those are the statistics that don’t get publicized because it doesn’t “sell” well.

What you should really be taking a closer look at is a successful serial entrepreneur. Someone who has taken his/her formula and plugged it into several businesses over and over again with positive results. The business (or the product) gets the glory, but the recipe for success is actually the process repeated.

In this episode, I’ll share the following examples:

How Terry made the transition from real estate to restaurants seamlessly

What a special recipe and unique selling point have in common

How we think of businesses “backwards”

The role of a system and how it can transform your business

After listening to this episode, what ingredients are in your recipe for success? Has your focus on your dream changed? If so, how?

Winsight Episode 19: Buffet Strategy

buffet, buffet strategy, all you can eat, japanese buffet, adult and child prices, obese society, bigger portions

[audio http://traffic.libsyn.com/winsight/19_Winsight_Episode_19_-_Buffet_Strategy.mp3]

 

Remember the last time you ate a buffet? Your first trip is laced with excitement seeing more things to try than your stomach can handle. You put several different kinds of food on your plate because you want to try the various tastes out. Some of the items you like, but some things you don’t. It’s the second and following visits back to the buffet where you weed out what’s good and what’s not. This experience is relatable to entrepreneurship. If you’re a current business owner or an aspiring one, listen up because the buffet strategy is important to you.

In this episode I will discuss:

  • Why serial entrepreneurs are better than one-time entrepreneurs
  • Why the “system” may matter more than the industry
  • What a buffet and entrepreneurship have in common
  • The one factor separating you from being a business owner

Are you a current or aspiring entrepreneur? (Who doesn’t want to be their own boss?) What do you know about entrepreneurship? What lessons have you learn through entrepreneurship? Please share your comments below!