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Make Yourself Accountable.(A)(IBD 10 SECRETS TO SUCCESS)

Investor's Business Daily

| September 02, 2003 | COPYRIGHT 2003 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Morey Stettner

2It rarely pays to keep your goals secret. By telling others, you strengthen your commitment to follow through.

Many leaders join peer groups where they meet regularly to announce new goals and give updates on their march toward existing goals. These groups of four to 12 people usually meet monthly and offer a confidential, supportive setting for executives to open up to peers in noncompeting industries.

"Some business owners tend to set goals in isolation, so they gain support through the group," said Ellen Golden, senior development officer for Coastal Enterprises Inc., a nonprofit community development corporation in Wiscasset, Maine, that runs accountability groups.

"After stating a goal, they don't want to show up at the next meeting and admit that they haven't done much to reach it."

When you know that your peers will grill you about your effort to meet your goals, you'll work harder to report good news. Failing to take appropriate action becomes not only a private defeat, but also a public letdown to the group.

"Announcing a goal in front of everybody forces me to take action," said Steven Reznikoff, a partner at MicroSystems Automation Group in Falls Church, Va.

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