Tuesday, 16 October 2012

What's your BHAG ?

It's the last quarter of the year and most companies are now sitting-down, planning next year's targets.  Business planning are often stressful, and needs you to imagine more than what you one is capable of doing.  That's why they always do it in nice fancy hotels, with sumptous buffet spread, like the last meal of a doomed man, because the next round of events will probably deprive the managers of life. :))  

My husband just had their own business planning, and came home looking spaced-out.  "Honey, are you ok?"  He just mumbled, "yeah, is it 2013 yet?"

 My favorite company Nu Skin Enterprises Philippines has set an ambitious goal for 2013. That is, a ONE BILLION in total revenue.  It's a Big, Hair, and Audacious Goal...

For those unfamiliar with the term, a Big Hairy Audacious Goal (BHAG) was coined by James Collins and Jerry Porras in 1994, in their book Built to Last: Successful Habits of Visionary Companies.  A BHAG (pronounced BEE-hag), is actually a strategic business statement, which allows organisations to focus on one long term audacious goal. A BHAG can be quite ‘out there’; it can seem very questionable, even scary, thus described as a hairy monster, but it is actually not at all impossible.

Nu Skin has been with the Philippines since 1998.  Philippines is their 23rd market in the world.  They have about 20,000 active distributors in the country alone.   Nu Skin Philippines belong to the Southeast Asian market of the company, and the region has always been the jewel of the networking companies like Nu Skin.  They make their money here, more than Europe or North America.

Nu Skin Philippines has doubled their revenue in the last year, and when you do that, it is expected that you always surpass your past performance. I have no doubt, they will do so!  As I observed among the other networking companies out there, Nu Skin has the best and most high-paying compensation plan, and they have an excellent support-system to distributors, in terms of company presence, incentives and bonuses. 

As of this writing, they are rewarding about 40 distributors on a trip to Hawaii for goals achieved. I heard car incentives are also in the pipeline as bonuses.  

And to make sure everyone's on the right mindset for 2013, they have an upcoming goal-setting session on the 16th of November (4pm-8pm) at the SM Megatrade hall.  

Invited speakers are Ardy Abello,  whom I've met before and is one of Philippines'  top-ranking and hi-impact trainer and motivational speaker.   To give a more international business perspective within the Nu Skin world, they also invited James Tu, a Taiwanese and  17-year Team Elite status and 1 Million Dollar Circle Member.

Well, as the saying goes,  "Shoot for the moon.  Even if you miss, you'll land among the stars."  (Les Brown)  Goal-Setting a BHAG, actually a great idea, not  just for million-dollar companies.  But also for us, ordinary toiling souls. 

It is good to set goals. Goals give us directions in life,  make us more alive and excited to work everyday because we know that something wonderful is about to happen. 

I have a list of my personal BHAG as well.  Things that I've always wanted to do, but don't have the guts, skill and finances to do so.  Others call it Bucket Lists or Dream Boards.  And that, is another story.


If you want to be a part of Nu Skin's Goal-Setting Session,  just call Nu Skin Enterprises Philippines with telephone numbers 632-8-NUSKIN (868-7546). You may drop by their office at  15th floor Octagon Building, San Miguel Avenue, Pasig City, Philippines. 

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