A New Year – A Time for Reflection, Evaluation and Planning
As the New Year begins, it
is a time for reflection, evaluation and planning. This is an important
process from both a personal and professional perspective. From a
personal perspective, we typically consider our interactions with others,
attitude, physical well-being and Income, Lifestyle, Wealth and Equity (ILWE)
goals. On the career front, our focus should be on the vehicle that will
serve our ILWE. Reaching your personal and professional goals doesn’t have to
be a long-term process; for example, living a healthier life requires a daily
commitment of exercise and adhering to the proper diet, but the likelihood of
long-term success drastically increases when you work with a nutritionist or
physical trainer. Likewise, reaching your career goals nowadays requires some
out-of-the-box thinking and support, maybe even from a career or business
coach. In either event, now is the time to begin the journey.
When reflecting on your
career options, let me ask you, “Is your current career path on track with
hitting or exceeding your ILWE goals?” If not, perhaps it is time to explore
alternate career options, including the pros and cons of business ownership.
Depending on where you are in your career, this might be the time to take
your financial future back into your own hands. As a business and career
coach, I can help you understand the benefits of business ownership,
introduce you to different concepts and explore how these align with your
ILWE goals. When evaluating business ownership versus employment, keep the following
in mind:
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• Careers are no longer
uninterrupted and seamless due to companies merging, downsizing and
rightsizing. Many of our clients worry about how long they will remain
employable;
• Career income streams are
being interrupted with long periods without earnings and benefits. Many
of our clients worry about how they will fund their longer and active life
expectancy;
• Wage earners can expect
six to eight job changes by the time they are forty. Many of our
clients worry about the fact that today’s jobs are very short-lived;
• 75 percent of the adult
population has a desire to be self-sufficient; however, only seven percent
are self-sufficient. Many of our clients worry about the fact that in
the conventional job market there is little to no opportunity to build wealth
and equity.
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Labels: current career path, evaluation and planning, personal and professional goals, reflection, self-sufficient
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