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Key Takeaways Entrepreneurs often fail to create a personal plan, and even more fail to continually assess it.
75% of owners regret exiting their business — often due to a lack of personal planning.
Use the assessment tools you’ve refined as a business owner to unlock personal planning success.
The best entrepreneurs are planners. For most who are achieving success, they already have the long game in mind: a multi-year vision for their business with clear milestones and metrics to measure success. Established methods guide their growth planning, and those who aren’t planning are left behind.
Similarly, entrepreneurs often have an eye on their personal finances. Informed by business growth, business owners often have metrics to assess their progress towards financial security.
In my role as President of the Exit Planning Institute®, I advocate for a three-pronged approach to planning an exit. Business and personal financial planning are two of the prongs, and there are many advisors and frameworks available to help entrepreneurs hit their goals.
What many owners find harder — and lack clarity on how to assess — is the third prong: a personal plan.
What is a personal plan?
A personal plan is a written plan, driven by your personal purpose and identity, that includes goals and objectives to fulfill your desired legacy.
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