Breaking free to the ultimate you!

Posts tagged ‘finances’

Retirement Planning: Is it just financial?

Why do I need to plan? My money is ok . . . or almost ok. I’m going to have all the time to do what I want.

Every person’s life journey brings them to critical points of transition where choices and decisions are made. We can all draw examples from educational experiences, career choices, and personal relationships. We have since identified these choices as added good to ours lives – or not so good. One point we can agree upon is that those decisions had a permanent and lasting impact upon our future.

As we mature, we add to our lives the constant awareness of how important it is to make major decisions carefully because of their great and lasting impact on the quality of our lives.

If you are in your fifties and beyond, you are moving toward another major life transition that should be and can be the best time of your life. And, this time, you know how important planning and preparation will be for your quality of life and life satisfaction.

Retirement today is not like the old retirement. We are retiring earlier; average age now is 57. We are creating new, passionate careers and activities, and having more challenges, choices and time. I like to call it rewirement.

Preparing for your retirement transition is important. This preparation occurs in two dimensions. For most people, there is first an external or formal time when “it” happens when we actually retire. Simultaneously, there is also an internal, silent process occurring that has really been working for some time. This is much more in the area of a psychological and very personal nature and is absolutely crucial to the satisfactory completion of this life transition stage.

Coaching will help you manage both of these processes.

  • You will receive personal information enabling you to successfully negotiate this transition in you life.
  • You will learn to identify and understand the fifteen factors of retirement success.
  • You will be able decide on whatever adjustment you feel may be necessary to guarantee your successful completion of important life goals.
  • You will gain clarity on the level of quality life experience you believe is necessary for your well being and happiness as you move into the process of preparation, planning, and self-discovery.

Want to start your own business?

A lot of people are doing it – some out of want and some out of necessity. You may already have your own business now. Even if so, some of this information will be of help.

Question: How do I find the right business for me?

A good starting point is to make a list of your strengths and figure out a way to apply them to a business that interests you. Next, analyze the industry to determine how you could run a similar business better. Now make a list of five to seven things in which you excel, and another list of things you don’t like to do. Then do the same for things you like and dislike about your business life. This will help you discover a business that you will not only enjoy, but at which you will excel.

Once you pull the trigger on starting your business, there are several things that you will need to do yourself, then hire, contract other people, delegate, and/or create alliance partnerships to thrust your business forward. The three main reasons to start a business in order of importance are: (1) Provide a product and/or service; (2) Provide jobs, yours being the first; (3) Make a profit.

Following is a list of your main concerns.

  • Products and/or Services: What are the cutting edge benefits and the quality you strive for in your industry?
  • Sales & Marketing: These are two very different things. Marketing defines and gets your name and what you offer to your target audience. Sales are how you get the cash register to ring.
  • Finances: Monies and an accounting system are needed for startup and through the first year.
  • A Proforma: At least a 12-month projection of gross sales by month and cost associated with the sales, and overhead cost to get your net profit or loss before taxes.
  • Staffing: People to hire, contract with and form alliances/partnerships.
  • Space: To operate your business. It could be your home or rental space.

Starting a business is very rewarding but it can be overwhelming. However, like eating an elephant, you just take one bite at a time. These few bits will get you started and focused on creating your business. Having your own business can be a beautiful thing or a nightmare – so do it right. There are several books that I recommend that could be of help.

I have often been referred to as the “Business Person’s Coach.” This is my specialty. If I can be of any help, please contact me.

All the Best to You!


Your Best Year Ever!

It’s the middle of the first quarter of the New Year. Your year started out with a bang, you’re right on course and it continues to get better. You kept all your resolutions. The weight is falling off, you’ve stop smoking, and you’ve cleared out all the clutter from your office and home. Your finances are in order. You’re making room to attract more money and what you want to come into your life. You’re giving thought and time to improving your business and relationships with self, significant other, family, friends and business associates. You have a strategy in place to make this year the best year ever – personally and professionally. Your confidence is high; your self esteem is peaking. If this is you – great! Congratulations! You are definitely in the minority. If this is not you and you want to be part of this wonderful minority, you certainly can be. It is your choice.

There are natural obstacles that could cause procrastination at this time of the year. Like, just getting through the stress of the holidays, the changing of the seasons, the winter doldrums. There is a circadian rhythm that affects us in winter season – maybe a little depression sets in, or just being lazy. Don’t beat yourself up for not getting it done. You may just need more rest. These are all very normal emotions. This is all part of the human experience, so stop beating up on your self. Take several deep breaths, forgive those events and people that you need to, and clear your energy. Do the best you can. Get some rest, meditate, and visualize your desires for the new year, then allow the new, refreshed YOU to emerge. Your first job is to get into a joyful state. Then, you can start to create all your desires, wants, and needs.