Dave Ramsey Entrepreneurship
|America's trusted voice on money and business, Dave Ramsey is a personal money management expert and extremely popular national radio personality. His three New York Times best-selling books - Financial Peace, More Than Enough and The Total Money Makeover - have sold more than 6 million copies combined. His latest book is EntreLeadership: 20 Years of Practical Business Wisdom from the Trenches.|
Get a BHAG!
Even though we’ve just begun to experience the first sweltering days of summer, it’s never too early to start formulating next year’s goals. While you ponder the possibilities, crunch the numbers and make projections, it might be a good idea to throw a BHAG into the mix.
An idea from the classic business book, Built to Last, a BHAG (bee-hag) is a Big, Hairy, Audacious Goal. This is a goal that seems a little too far out of reach, and it’s one of the concepts that distinguishes great organizations from ordinary companies.
At this point you may be wondering, “What good is a goal you don’t think you can reach?” Well, a BHAG is a challenge. As an entrepreneur, you should constantly have goals that seem just beyond your fingertips. A BHAG isn’t a goal that’s too big to ever reach, and it should inspire you to be more creative, work harder, and work smarter.
Even if you don't reach your BHAG, just having one will do amazing things for you and your company. A BHAG is made to push you, to get you and your team to try harder than you usually do to reach a "normal" goal. So even if you don't reach it, you're still going places and accomplishing things you might have never even thought of before.
As you think about your own BHAGs, remember that success isn't always reaching a goal, it is also the progressive realization of a worthy ideal. Whether you reach your BHAG quickly, or it takes you longer than expected, the pursuit of your goal — the steps you take toward it — are success!
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Dave Ramsey is America's trusted voice on money and business. He has authored five New York Times best-selling books: Financial Peace, More Than Enough, The Total Money Makeover, EntreLeadership and Smart Money Smart Kids. His newest best-seller, Smart Money Smart Kids, was written with his daughter Rachel Cruze, and recently debuted at #1. The Dave Ramsey Show is heard by more than 8 million listeners each week on more than 500 radio stations. Follow Dave on Twitter at @DaveRamsey and on the web at daveramsey.com.