Hello SOTGC Community,
Here is a great post by Bridget about having a financial plan for your future.
Yesterday I had lunch with a highly regarded Executive Coach here in San Diego. He has successfully coached men and women in top companies in the US and abroad and his advice always resonates with me. I asked him about the importance of having a Business Plan for professional success. This seems to come up on a regular basis when I’m speaking to successful professionals and I wanted to know his take on this. Like most coaches, this coach believes that you absolutely must have a Business Plan to succeed in life. When he talks about a Business Plan, he really means a Personal Development Plan that includes not only your business goals, but your personal goals, as well. He truly feels that you need to define your goals in a specific, measurable way over specific periods of time. By incorporating personal life and business in the plan, you can create balance in your life.
I loved this idea, since, like many professional women, I spend an awful lot of time focusing on my business at the expense of my family and personal life. I can tell you that without a written plan, I don’t make it to the gym, don’t carve out time for my friends and family and don’t have the balance in my life between personal and professional life that I’d really like.
I was asked by a woman about a year or so ago what the rate of success is for women with a plan. In this case we were talking about the success of a financial plan in helping you reach your financial goals. While there is no data that I know of that illustrates the rate of failure for people without financial plans, we do know that for folks with a plan the rate of success is much higher than for those without. So for those of you women looking to reach personal or professional goals, I ask, What’s Your Plan? and suggest you consider putting down your goals in a Personal Development Plan to ensure success.
Our guest panelist Bridget Grimes is a Financial Advisor with Hoylecohen. Her practice is focused on providing comprehensive financial guidance to women. She believes that helping women achieve success in their professional and private lives is essential to fulfill their financial goals, and is a staunch supporter of education on those issues. Bridget can be reached at: email@example.com