Thursday, February 9, 2012

Are you ready to begin with the end in mind?




I meet so many business owners who want to make a change in their business but do not know where to start. So I say maybe you need to stop thinking about what you want now and start thinking about what you want five years in the future and work back.

We all get bogged down in the day-to-day constraints and as a result do the same thing over and over. The definition of insanity is doing the same thing over and over and expecting a different result.

Imagine you were five years in the future – you have gone through some tough times and now all that hard work has paid off.

• What does your business look like? Take the time to describe your ideal business.
• If you were to sell or transfer your business what would it be worth?
• Why would anyone be interested in taking the business over?
• What do you need to get the business ready for sale?

Studies show that 7 out of 10 business owners do not have a plan for the future.
Here is my challenge to you. Think of your own list of questions and then work backwards in time. The process might just help you to move forward.

Expect the best.