Readiness Analysis

Defining Personal Objectives

Based on your assessment answers, it’s great that you, as a business owner, have a plan.

However, after reading through sections of this report, you may better understand the full scope of business and transition planning, and see the need for additional consideration. Once you have your plan close to being finalized, it is imperative that you start with its' implementation, if you haven’t yet already done so.

Give yourself some interim goals to accomplish, such as spending less time devoted to your business affairs, and/or more time devoted to the activities that will become part of your primary focus post transition. Plan to do this regularly and sequentially; a trial Activement® per se.

It is important for you to determine if these activities will truly provide you with sufficient personal fulfillment. If you find that they might not, rather than apply more of yourself to the business, seek other potential alternatives that may ultimately prove to be more personally rewarding. Keep in mind that developing new interests and/or exploring future potential opportunities can take time.

Given the fact that there is a plan in place, you are in an excellent position to continually re-evaluate and possibly accelerate your time frame for a business exit. Either way, you’re certain to have created more peace of mind for yourself, and for your loved ones, knowing that this important personal issue is being dealt with appropriately.

It’s great that you, as a business owner, have discussed your objectives with one or more of your loved ones. Knowing why loved ones do not agree with some of your desired goals, will allow you to re-evaluate and refine your thinking in some important areas, or point out to you the need to better define and clarify your objectives, and explain why they are important to you as you move forward.

Often achieving unanimity of support on everything can be problematic, but only your loved ones will provide you with “honest” feedback and questioning that can be truly useful to you in creating more peace of mind for yourself and for them, knowing that this important personal issue is being dealt with satisfactorily.

If you and your family members have conflicting objectives, there are family counsellors experienced in working through such business transition issues. Family emotions, unrelated personal agendas, and entrenched lifetime feelings, often complicate the primary need to have the family co-ordinated and in agreement with a plan to deal with the eventual transition of the business. Where possible, seek such appropriate outside assistance early in the process before locked in positions and hurt feelings make congruity even more difficult to achieve.