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

OVERVIEW:

Entrepreneurs have a million ideas, but great entrepreneurs know which ideas are worth exploring first.

 

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!

 

3 KEY POINTS:

1. What are my goals?
2. Does this help me move closer to my goal?
3. How much would this cost?

 

EPISODE HIGHLIGHTS:

• Entrepreneurs are good at identifying and solving problems but not so much at figuring out which tasks to prioritize.
• To figure out what you should be working on::
  • First, have your goal in the back of your mind.
    • Jason has a 3-year plan, yearly goals, and quarterly goals. Their team also conducts annual meetings to discuss the goals for the year.
  • Second, does this project help move the needle toward the goal?
    • If it's not getting you closer to your goals, it's a shiny object that should go to the bottom of the list.
    • If it's something that could potentially be applicable, list it in a separate sheet and revisit it during the next annual meeting.
• Third, determine what the cost is for the different projects or tasks.
  • For each project, consider these three things:
    • Time: How much time would this cost?
    • Capital: How much capital would we need to invest?
    • Effort: How much effort would this take?
  • Score each of them according to their level of cost/effort. 1 for minimal, 2 for intermediate, and 3 for high cost/effort.
• Identifying these will help you:
  • Eliminate those that are not in alignment with your goals
  • Figure out the most efficient process for achieving your goal.
• Sort them according to Cost Number and ROI to identify which would give the most growth potential and have the least cost.

 

TWEETABLE QUOTES:

"The only way to become a master of saying no is to know what to focus on next." – Jason A. Duprat

"Place projects with low ROI and high cost to the bottom of your priority list." – Jason A. Duprat

 

CONNECT WITH JASON DUPRAT:

LinkedIn | Facebook | Instagram | Youtube | Facebook Group

 

RESOURCES:

• Sign up for one of our free business start-up Masterclasses by heading over to https://healthcareboss.org/masterclass/
• Have a healthcare business question? Text me at 386-284-4955, and I’ll add you to my contacts. Occasionally, I’ll share important announcements and answer your questions as well.
• Do you enjoy our podcast? Leave a rating and review: https://lovethepodcast.com/hea

 

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