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Guest Blog: Why Resolutions Fail

New Year’s resolutions fail for the same reason that so many businesses do – because people let their strategy and resources limit their vision. Here’s a simple example. Jeremy has $500 and up to one week off for his vacation so he believes he has only two options – a weekend getaway or couch-surfing at a friend’s house for a week. If Jeremy actually took the time to think about his dream vacation, he would identify that he would love to spend a month cycling around Europe. Unfortunately, because he is using his current (and very logical!) strategies of working within his resource limitations, Jeremy never even allows himself to consider what his dream is. He accepts the need for compromise as a logical reality. The real reality is that if he just took the time to focus on what he really wanted, there is a good chance that he could create strategies for achieving it. He might have to give up the shorter vacations, trim his entertainment budget for awhile and put in some extra hours at work, but having his dream vacation would ultimately be much more fulfilling than many little “compromise” vacations. The same principle applies in business. The biggest barrier any entrepreneur faces in achieving the full potential of their business is this tendency to let their current strategies and resources limit their vision. We were hired by a manufacturing client a few years back to help with their annual strategic planning. They had revenues of about $7 million annually and had grown about 12% each year over the last 5 years. Their strategic planning for...