So, what are your NEXT STEPS?
This is the question you will have to answer and enumerate after your Goal and Financial Review.
In this case, it is best to apply the Law of the Vital Few, also known as the Pareto Principle.
For many events, roughly 80% of the effects come from 20% of the causes.
First, IDENTIFY and arrange your “next steps” by urgency and amount of value they yield. Then, FOCUS on the top 20% of your list, or these “vital few” steps, which affect 80% of your desired goals.
For example, you want to increase your income from P20,000 to P30,000. The critical steps would be for you to apply to another job and ask for a higher pay from your new employer. These 2 steps alone would have already accomplished 80% or more of your desired goal.
That is compared to to these others steps which may help you achieve your goal: you need to work harder, stay later, render overtime, and then ask for a raise from your present company. But even after doing all these steps, it will only add 10% – 20% to your income. When you receive your paycheck, you will probably only receive around P22,000 to P24,000.
Thus, identifying and focusing on these Vital Few steps will save your precious time and herculean efforts and will keep you from having painful regrets.
Think before you Act! Work Smart!