Set yourself up for success with your own Personal Balanced Scorecard

The holiday season is over, and our lives are slowly getting back to normal in terms of our daily routines. Over the last few weeks you may have given your body and mind a well-deserved break and will be getting ready to embrace the year with renewed energy and optimism. Setting New Year’s resolutions seems to be an outdated ritual and no longer in fashion, but the philosophy behind it remains: the concept of self-reflection where one reviews, re-assesses and evaluates the past year. Everyone will use their own method to work out if the past year was great, mediocre, or a not too great, thank goodness it’s over year.

After we have evaluated the past year, we can shift our attention and look forward to the upcoming year; being curious what the stars have in store for us. We might daydream about where we want to be at the end of this year, or we may be crystal clear on the goals we wish to attain. Most often, our annual evaluation highlights for us what we want to achieve, what we want or even need to let go of, and what we want to start with, replacing negative habits with positive healthy ones being a common goal that we strive for. Somehow, that language has a negative energy and seems as if we have to give up something to gain something. Perhaps it’s the combination of wishful thinking, not setting clear goals and sacrificing something that results in New Year’s resolutions being overrated and failing dismally.

But let’s not throw the baby out with the bath water as the concept of evaluation, assessment and setting new goals is a powerful and necessary step for personal growth and development. What if we try it with a more abundant, comprehensive and guaranteed for success approach, such as designing your own Personal Balanced Scorecard? You may be wondering what a Personal Balanced Scorecard is, and why you have never heard of it before. It’s quite simple: the Scorecard has its origins in the business world and only found its way into our personal lives in the last few years. It was initially developed in the early 1990s by Dr Robert S Kaplan and Dr David P Norton with the intention of measuring an organisation’s progress towards its business goals and vision. The framework comprises of a mixture of financial and non-financial performance business goals. Data is collected and scored to determine progress, targets met and deviations. It sounds technically complicated and corporate, but through its personal adaptation to fit and suit our busy lives it has become a very practical and handy method to ensure that you balance your life with all other important domains such as work, family, health, leisure, and travel, etc.

You can design your own Personal Balanced Scorecard and make it simple and easy to use or more fancy and advanced. This will help you to keep focused on the progress of the goals you have set for yourself. The power of the tool is that you receive a visual tool that tracks whether you are on track, lagging behind or totally off course; this realisation will make you quickly reassess, re-evaluate and take action. You can customise how often you want to re-evaluate your progress, either monthly quarterly or six-monthly. Remember it’s your Scorecard and you can make it work for you.

Where to start

Begin by defining and articulating your personal ambition and aspirations, including all areas of your life. You can regard it as your personal balanced life plan which would map out your ideal life for the next 12 months. If you like, you can stretch it to a three- or even five-year life plan. Putting it into small, medium and long-term goals is always a recommended approach.

Write down all the areas in your life that matter to you (work, family, friendships, health and fitness, and finances, etc.). Add the areas in your life that are meaningful and valuable to you. This is a very important point because only if you truly value and find meaning in the domain will you be motivated enough to sustain it with energy and vigour, even when things are not going too well.

What’s next?

Score each domain as you see it right now out of 10. As an example, I would say that I am about a 7,5 with regard to my overall health. Then ask yourself if you are satisfied with this level and if your answer is yes then move on to the next one. If the answer is no, then state what your ideal score would be, so in my case it would be a 9. Think of about three activities that will bring you closer to your ideal goal. Make these tangible and measurable and establish regular dates when you will check-in on how your progress is going.

How to maintain this

Ensure that your goal is broken down into bite size chunks. We tend to be over-optimistic setting ourselves challenges that are too big and then get demotivated when we don’t reach them. Remember that slow and steady usually wins the race. It’s natural for us to have moments where our motivation dips and we question if we can sustain the journey of change to attain our desired goal. Choose people or groups that can support and motivate you in these times. It’s easy to give up, but it’s not easy to persevere. You can also use a professional coach to be your champion throughout the change process.

Today is a great day to invest in your personal development. Regardless of whether you have or haven’t set your 2018 goals yet by using the Personal Balanced Scorecard, you will know exactly what and how to go about reaching your success. If you need support in ensuring your goals become reality and not another dream, drop us an email at [email protected] to schedule your consultation. Click here https://www.4seeds.co.za/set-success-personal-balanced-scorecard/ to download a FREE sample of a Personal Balanced Scorecard.