Question

Determine two goals (one short term and one long term) that you wish to achieve(you can make up fictional ones if you wish). Explain how you will achieve them and what length of time you estimate it will take for you to do so. What will be the biggest obstacle in your efforts to achieve these goals.

Answer 1

Goals can be defined as definite milestones in one's life which helps the person to judge where they stand in the vision of the life they planned.

Goals which can be achieved in a small time frame are short term goals while those which take longer duration are long term goals.

Short Term Goal - My short term goal would be to enrol in an investment and business management course. This would not only make me eligible to take wise financing decisions but would also help me to run a business properly and have the knowledge to make proper decisions.

• Time to achieve - since its an introductory course to business and finance, probably the course would take me over 2 months to complete.
• Obstacles - the obstacles to the same would include managing my job and studies at the same time. Also, a major issue is caused by the gap between university and job which results in putting a higher degree of effort for properly studying.
• Solution - as people say in general when one regularly does an activity for 21 days it becomes a habit. With the passage of time, the efforts would become quite normal and hence I would be able to overcome the difficulties.

Long term goals - My long term goal would be to set up an investment management business. My domain of work includes financial expertise and also business fundamentals excite me.

• Time to achieve - the minimum time to set up a successful business is generally 4-5 years. In a space like investment management, a lot is based on trust and personal relationships.
• Obstacles - having one's own venture leads to a lot of obstacles in the way. Starting from managing cash and money properly to giving proper time to family and business, a lot of difficulties have to be dealt with.
• Solutions - as with all difficulties and obstacles dealing with them regularly gives one the understanding and equips them with tools and solutions which help them to deal with such situations in future, Not only would a business course in the short term help me to gain a proper skillset but also would lay the foundation stones to managing and dealing with complexities.