What percentage of entrepreneurs are reported to actually write down their goals?

Research indicates that a mere 3% of entrepreneurs take the crucial step of writing down their goals. This practice of documenting goals is significant for several reasons. Writing down goals not only helps in clarifying one’s vision but also serves as a powerful commitment device that can enhance focus and accountability. Entrepreneurs who write their goals are often more likely to achieve them because this act transforms abstract ideas into concrete plans. Additionally, documented goals can be revisited and adjusted over time, leading to better strategic planning and intent focus in their business endeavors. The relatively low percentage highlights a common gap in entrepreneurial practice; many may have goals in mind but don't formalize them through writing, which is essential for increasing the likelihood of success.