Change happens quickly. It’s not something that takes forever. It often is immediately preceded by a phone call. It’s what happens after the phone call that takes a long time.
I find there are two general types of business owners. The first is a business owner who is sure that everything they do is right. It’s hard for me to have a conversation with them about change. Since everything is perfect, there’s no need to question premises they have.
The second is a business owner who I hope is like you. This business owner is always asking questions. She is wondering if there is a better way. He is willing to pivot if and when it becomes possible there is a better way.
Anytime we go through a major life change we’re moving from the old us to the new us. There’s a period of time where everything feels out of sort. We might feel that we’ll never move out of this stage. Sometimes we just plainly get stuck. Here are 5 things to think about if you’re going through this process.
Understand it’s not permanent.
This post is my opinion and does not reflect the opinion of NFPSI or any other members of Stage 2 Planning Partners. If you think this post is another rant, you would be correct.
It’s time for another one of my rants. As with all of them this is my opinion and does not reflect the opinion of my broker dealer NFP Securities or anyone else in my firm. Whew, that’s out of the way, now on to the rant.
Kill Corporate welfare first
I’m always amused at financial planning meetings when the subject turns to financial planning software. More often than not, the more complicated software gets higher grades from planners than simple software. Many planners actually believe the plans they product are accurate. After all, isn’t that what you pay us for?
Think about working with your doctor.
Anytime we go through a major life change we’re moving from the old us to the new us. There’s a period of time where everything feels out of sorts. We might feel that we’ll never move out of this stage. Sometimes we just plainly get stuck. Here are 5 things to think about if you’re going through this process.
Understand it’s not permanent.
You’ve just been fired from your job, your spouse has just died, you’re in the middle of a divorce, your life has been turned upside down and the only thing you can think about is all the things you need to do.
The more you think about them the bigger your headache becomes. It’s easier to do nothing and sit on the sidelines. You might even feel stuck.
Have you ever gotten yourself all bolloxed up when doing a project? You’ve gotten yourself tied in knots and you’re not really sure how you’ve done it. I bet if you look a little you’ll find that you’ve made things more complicated than you needed to.
Too often I see plans go right down the tubes because no one understands your plans including you.
This seems to be human nature. We all like to believe we don’t like change. At the same time we get pretty good at it once we start. Here are some things that might be keeping you from doing what you know is in your best interest.
You’ve spent lots of time and effort getting to where you are.All of us have learned certain things during our life. We’ve probably even gotten pretty good at doing many of these things. Sometimes the things we’ve learned aren’t able to help us move forward in what we want in life. Sometimes it’s time to learn something new.
In 1995 when I was 44 years old I decided the food service business was not the best place for me. I sold my business and had to learn a bunch of new skills. I spent the next four years getting all sorts of licenses and certifications. This work has allowed me to have a career that has turned out to be much more satisfying than running my vending company. Had I not dumped the twenty years of experience and learned new things I never would have had the pleasure of doing what I do now.