4 Ways to Hold Yourself Accountable as an Entrepreneur

Behm Consulting | 28 December, 2018 | Mastermind Groups

About 9 out of every 10 people don't end up achieving their goals. Some of the most common reasons why include setting goals that are too challenging, choosing ones that they aren't passionate about, or trying to achieve too many goals at the same time. 

As entrepreneurs, it can be hard to recognize (let alone admit) that we often get in our own way when it comes to being successful. Achieving goals isn't so much dependent on external factors, but our own actions. 

So if you're fully dedicated to maximizing your efforts and reaching your goals in 2019, it's time to talk about accountability. Here are some key steps to hold yourself more accountable as a business owner. 

1. Create an Action Plan

The first way to ensure you're more likely to reach your goals is to devise a plan with actionable steps you can take in order to get where you want to be. How else can you hold yourself accountable if all you do is create a goal with no structure in place in order to achieve it? 

Try thinking of your goal as the roof of a building. What walls, pillars, or beams will you need to create first in order to hold up the roof at the end of your project? Put all of these down in writing, and in the order they need to be completed.

2. Set Deadlines and Review Progress

Another way to hold yourself more accountable this year is to utilize deadlines for your action plan. To do so, you might consider working your way backwards.

For example, if your goal for 2019 is to double your revenue, break the number up into smaller chunks, such as weekly or monthly. This way, you'll be able to focus more on the immediate number you're aiming to reach instead of the larger (and often more intimidating) amount for the entire year.

You can also use these smaller sections of time to test which methods and tools may help you the most. At the end of each month, you should review your progress, analyze what's working and what isn't, and adjust your plan for the following month.  

3. Reward Yourself

Sometimes, the idea of simply achieving a certain goal on its own may not feel motivating enough. Or you may just need a little extra inspiration to keep you going when things get tough. 

You may want to try setting small rewards for monthly or quarterly achievements, and/or a large reward to treat yourself if you hit your goal at the end of the year. This isn't just for fun, either  positive rewards have proven to be extremely effective in the workplace. 

Some smaller rewards might include things like getting a massage, treating yourself to a night out, or taking a weekend trip to a place you haven't been to yet. As for an annual reward, make it something large enough to keep you motivated all year long. 

4. Join a Mastermind Group

While there are several great reasons to join a mastermind group, one of the top benefits of doing so as an entrepreneur is having a team of accountability.

By making your plan public to others around you, you may feel more committed to acting on your lead initiatives weekly. They may also help hold you more accountable since they can check in with your progress on a regular basis, or offer guidance if you're struggling.

Looking for a mastermind group in Lakewood, CO? 

Next Level groups are about more than networking with other business owners — they provide an opportunity to build a referral network for your clients, connect with trusted advisers to grow your business, and learn new skills to help you reach your goals. Request a consultation online today to see if one of our mastermind groups is a good fit for you!