Whatever our reason is/was for starting out under own steam how many of us have thought about what is involved and more importantly how much money will I need to be able to maintain my living costs whilst being able to grow my business. I call this our financial runway.
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A BCP is a document outlining what processes should be followed in an emergency. All the hard thinking and planning for what action to take when we are faced with a ‘trigger event’ has all been done in ‘peaceful’ times, when we could approach it in a methodical, clear-minded way, rather than in an environment clouded with emotion.
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This era of COVID-19 has given me pause to think about – and rethink – a lot of my assumptions and things I have taken for granted. Like the concept of time and the meaning of the words we throw around with abandon.
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When you think about it, we spend most of our formative years learning things other people tell us we need to know. Our parents, guardians, teachers, coaches, mentors and many others guide us through early development, school and then, for some, college or university. That’s at least 20 years of academic learning (and, of course, life learning, which requires a whole different conversation), during which we do make some decisions…
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I often talk about you being your own CEO. In that case, you should have a plan for where you’re heading and a strategy for getting there. How often you do you assess where you sit in the strategy of ‘you’ and how you are going to own your success? The first thing you should consider (and it’s another principle I often repeat) is what got you here won’t get you there. That is, you can’t rest on your laurels, because things keep changing and so should you.
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When you look out to your career and/or personal horizon, what do you see? Is it a clear vision of where you want to be or do you find it difficult to see past all the obstacles standing between you and the future you are trying to envisage? When I talk to people about planning and strategising for their future, I’m often met with responses such as “everything is holding me back” or “I can’t visualise my future because I can’t see how my goals might be fulfilled”.
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