GPS/1-3-5 Tool

The GPS (also sometimes referred to as a 1-3-5) is a goal setting tool designed to clarify goals and detail the action steps necessary to achieve them. It's basically your 1 page business plan for hitting your goals. The framework includes 1 GOAL, 3 PRIORITIES, and 5 STRATEGIES for each priority, thus the 1-3-5. However, since it isn't necessary to always have 3 priorities with 5 strategies each, we tend to just call it a GPS. Here’s how it breaks down:

1 GOAL

The GPS is typically used for a 1-yr goal, however, it can be used for any goal that has a specific time constraint. A GPS in the area of business is essentially a one-page business plan.

Your goal should be:

• Specific and measurable

• Time bound

• Big enough to require several areas of focus

• Not too big that it requires more than 4 areas of focus

PRIORITIES

Priorities are the areas of focus necessary for accomplishing your goal. Ask yourself, "What is most important for hitting my goal?" Sticking with 2 to 4 areas of priority forces you to choose the most important things. If you need more than four priorities, your goal may be too broad or you're spreading yourself too thin. If you struggle to find two or more, your goal may actually be a priority for a larger goal.

Your priorities should be:

• Specific and measurable (the measure can be the completion of the strategies)

• Listed in order of importance (List the MOST important first. Then, should you earn the right to work on a 2nd priority, what would it be? etc)

• Big enough to require several strategies to accomplish

• Not too big that they require more than 6 strategies to accomplish

5 STRATEGIES

Strategies are the activities you MUST do in order to achieve the priorities. More than six strategies for any one priority likely means the priority is too broad. Fewer than three strategies for any one priority likely means the priority is too narrow and may actually be a strategy.

The strategies should be:

• Actionable

• Specific and measurable

• Time bound

• Listed in order of importance

As your dedicated real estate business coach, I am here to empower you with the knowledge, strategies, and motivation needed to elevate your success in the ever-evolving real estate industry. Together, let's unlock your full potential and take your business to new heights! Contact me for any questions at 720-594-3738

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Conrad Smith, MAPS Coach

REALTOR®, BOLD, EcoBroker, CNE, CHRE, ILHM, KW Luxury