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3 Setting Goals

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“The sooner you start getting some of what you really want, the more energy you’ll have to go for the rest of it.”

— Barbara Sher, Wishcraft — How to Get What You Really Want

If you are going to treat renting your recreational home as a business, think like a business owner would. No company expecting to make a profit would dream of moving into a new venture without a lot of planning. This planning consists of focusing on the current situation, having a clear vision of how things should look in the future, and then making decisions on what has to be done to move toward that goal.

Meaningful goals should meet two basic rules:

1. A goal is concrete. It will have a factual outcome, an amount, and a time, and it is grounded in reality. It is not an emotional issue.

2. A goal is what you really want. Take some time to imagine what it will be like when you have achieved your goal. Check whether you are comfortable with that, or whether your decision raises any more questions. This emotional side of your goal-setting exercise is an essential part of it, even if you have bought your cottage as an investment and don’t see renting as having particular emotional significance.

Renting Your Recreational Property for Profit

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