Is it a good idea to set stretch goals? Yes. Stretch goals, set and managed properly, could catapult your business 10X.
Stretch goals make you realize you have to change your level of thinking. With stretch goal thinking, you have to ask yourself, “What new strategy or business model could enable me to grow 10 times bigger than I am today?”
Clearly, the answer involves leverage—not financial leverage—but people and technology leverage. This is how the largest RIAs grew to billions in assets under management.
In this episode, I discuss three things: 1) how to set stretch goals, 2) the need to make the shift from just managing money to managing lives, and 3) I share insights from two of my 10 most popular podcasts in 2015.
I end the show with a tribute to adventurist, entrepreneur and deep ecologist Doug Tompkins who passed away this week.