The Journey toward a Work-Optional Lifestyle
As a business owner it’s easy to wrap yourself up in everything related to running your business. It’s natural. We see it all the time. It takes discipline to slow down long enough to look at the big picture. What does your ideal retirement lifestyle look like and how does your business fit in? And how are you going to get there? “The Journey Toward a Work-Optional Lifestyle” is what we call it. Here are a few takeaways for your journey:
Let’s talk business first.
Back in July I had the opportunity to travel to Kenya for two weeks with Real 4 Christ Ministries. If you’re a business owner, you know, 2 weeks is a pretty long time. Thankfully I’m blessed with a fantastic team that keeps the ship sailing even when I’m not physically here. Now, what if I had contracted Ebola while feeding Cheetos™ to the local monkeys and succumbed to the deadly virus never to return and run the business again? What would happen to your business? More importantly, what would happen to the people who you’ve relied on every day to keep the business running? How will this impact their family’s livelihood?
Structuring a strong business continuity AND continuation plan helps to ensure your business runs smoothly whether you’re on vacation, in the hospital or exploring the heavenly beyond.
Another point to consider: In this age of COVID and new variants, there’s a lot of uncertainty around business which is why it’s so important to build a strong team and to be able to keep them. A key-person retention program is great place to start. Identify who plays a critical role in the health, wellness & growth of your business and strategize what the business can offer them. Remember, this is about them, not about you.
What about your personal journey?
We all have that junk drawer. You know… the one with all the miscellaneous knick-knacks you don’t know what to do with? When it comes to finances, it’s easy to become disorganized and feel overwhelmed. It’s okay. It’s very common and there are some great financial software tools and apps that can help you get organized. It’s likely that your bank offers some of these tools that allow you see what you have even if it’s not held at your bank. We help our clients stay organized by using tools like Investor 360 and Asset-Map.
If you’re not organized, it’s easy to lose track of where you are and where you’re going. If your goal is a work-optional lifestyle, one that will allow you the flexibility and freedom to live your ideal life, develop a plan that puts actions that work toward achieving your short and long-term goals and adapts with your life changes.
Most importantly…. Don’t just plan it. Do it.™
No matter where you are on your journey toward a work-optional lifestyle, we can help! Schedule a consultation or learn more about the business planning we’ve built into our Sierra and Everest journeys.
Namaste!
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