When I work with business owners’ key performance indicators always become part of our conversation. In a business setting a key performance indicator is a measurement that tells us whether the business is getting results in key areas that show what their success is.
For people who are in transition, key performance indicators can be just as important. For some, an individual key performance indicator is also known as road markers for where you want to be at different times during a transition that you may be going through in your life.
For example, if you’re getting ready for retirement you might want to know how long you can live on the money and income streams that are due you. This can be accomplished by working on a financial plan that shows your assets in different buckets.
As a result of this study, you might decide to put off retiring for a few years, or you might find that you have more than enough to retire whenever you want. Once you understand what these key indicators are telling you, you can then make plans for what you want to do next. You can even decide to ignore what you learn, but at least you’ve seen what a good estimate of your financial situation is.
Another good indicator is to put together a happiness meter for how you spend your life. If you’re not happy in your job, you might want to think about what are the things that make you happy. From there you can put together a roadmap for how you can change your career in a way that could provide more satisfaction as well as help provide you with an adequate income.
One of the issues that I see is that people don’t often spend enough time thinking about what truly makes them happy. Instead, they live from day-to-day and take whatever comes their way. If we use key metrics for measuring both happiness and our financial well being, we can often have a better life.
I’m curious to hear what your thoughts are on these key metrics. If you could either reply via our contact us button or send me an email at email@example.com; I would love to find out your thoughts.