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Happy New Year! Now Set Some Goals!

As the new year begins, now's the best time to review your progress and decide what you want to accomplish in 2004.

This story appears in the January 2004 issue of Teen Startups.

As the sparkling cider bubbles, all you savvy young entrepreneurs out there should be sneaking off to your desks to write down this year's lofty goals-either personal or business-that would result in a celebration if you achieved them in the new year. So as soon as possible after the clock strikes midnight, take 15 minutes to think deeply and reflect on 2003. In what ways did you grow as an entrepreneur? What drawbacks in your character, work ethic, presentation style and so on prevented you from reaching that next level? You should think about these questions as you focus your attention on your next big goals.

We all talk about our goals, but rarely do we take time to think about them in any sort of structured way-let alone write them down. Study after study has shown that setting clear, actionable, stretch goals increases your ability to attain them. In addition, writing down your goals and occasionally reviewing them also increases the probability that you'll fulfill them, because when you write something down, you signal to your brain that it's important.

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