#292: Goal-Setting: Identify Your Key Focus Areas This 2023

<p>Entrepreneurs have a million ideas, but great entrepreneurs know which ideas are worth exploring first.</p> <p> </p> <p>Jason A. Duprat, Entrepreneur, Healthcare Practitioner, and Host of the Healthcare Entrepreneur Academy podcast, talks about directing your focus toward the right goals. In this episode, Jason shares a method he uses to identify essential focus areas, the criteria to consider, and actual personal examples. Learn more so you can apply this best practice to your entrepreneurial journey!</p> <p> </p> <p><strong>3 KEY POINTS:</strong></p> <ol> <li>What are my goals?</li> <li>Does this help me move closer to my goal?</li> <li>How much would this cost?</li> </ol> <p> </p> <p><strong>EPISODE HIGHLIGHTS:</strong></p> <ul> <li>Entrepreneurs are good at identifying and solving problems but not so much at figuring out which tasks to prioritize.</li> <li>To figure out what you should be working on:: <ul> <li>First, have your goal in the back of your mind. <ul> <li>Jason has a 3-year plan, yearly goals, and quarterly goals. Their team also conducts annual meetings to discuss the goals for the year.</li> </ul> </li> <li>Second, does this project help move the needle toward the goal? <ul> <li>If it's not getting you closer to your goals, it's a shiny object that should go to the bottom of the list.</li> <li>If it's something that could potentially be applicable, list it in a separate sheet and revisit it during the next annual meeting.</li> </ul> </li> </ul> </li> <li>Third, determine what the cost is for the different projects or tasks. <ul> <li>For each project, consider these three things: <ul> <li>Time: How much time would this cost?</li> <li>Capital: How much capital would we need to invest?</li> <li>Effort: How much effort would this take?</li> </ul> </li> <li>Score each of them according to their level of cost/effort. 1 for minimal, 2 for intermediate, and 3 for high cost/effort.</li> </ul> </li> <li>Identifying these will help you: <ul> <li>Eliminate those that are not in alignment with your goals</