Jeff Heggie Daily Success Strategies
750: The Power of Impossible Goals for 10X Growth
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In this episode, we explore the concept of setting impossible goals and how it can help entrepreneurs and business owners to unlock new levels of growth and success. By pushing the boundaries of what's possible, we can break free from limiting assumptions and open ourselves up to new ideas and strategies that can drive exponential growth. Join us as we learn how to identify the few conditions that have the highest upside, and focus our attention on the path to achieving our 10X goals.
At Joe Polish’s entrepreneur mastermind group, he asked, “If you wanted to improve your profits by 10%, how would you do it?”
Dr. Alan Barnard replied,
- There are literally infinite things I could do to grow my profits by 10%
- The goal isn’t big enough to create focus and specificity
- Growing by 10X would be a much better question because almost nothing would work to create 10X growth
- Almost nothing you’re currently doing now would get you there.
- He said, Impossible goals help you identify the few conditions that have the highest possible upside, and are the areas to focus your attention
To make a goal effective, you’ve got to test its outer limits.
Push it out as far as you can.
Only once you make your goal impossible will you stop operating based on your current assumptions and knowledge.
You’ll be open to new ideas, and you’ll entertain different paths that you’ve never considered.
When you look at an “impossible” goal, Dr Barnard says that you need to ask yourself:
- What conditions need to be true to make it a possibility in your mind?
- Out of those conditions and strategies are where you should focus… everything else you’re doing is just noise
With a 10X goal, only a limited number of strategies or paths will work
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