could go on finding what-ifs without end…”
asking enough ‘what ifs’ – to determine which ‘what ifs’ are
negotiable later – and which are definitely Must Address Now issues.
you ask, you’ll never know which is an “Oh no!” [a must address]
and which is a “So-what?” So
what differentiates the two?
can ask yourself all the questions to which you know you need to
know the answers. Have you noticed though, how it’s the things you
don’t know you don’t know, that can trip you up. And you never know
you don’t know – until you know! You know?
are constrained by the limits of what we know – and blind to those
things we don’t know we don’t know. That’s why it is so important
to look at those areas from which we can face unknown exposure and get
some help from those people who specialise in knowing the questions to
isolate what you don’t yet know
about those issues.
Do You Want?
a silly question.
easy. I want …
Not so easy as it looked is it? In fact, for many people it’s the one
question they avoid asking at all.
built up your business and made it a success. Now
it brings you all the material things you need.
happens when you’ve had enough of doing what
you are doing? How do you
realise the value from your business, in a way that will provide for the
next stage of your life?
you have a current valuation for your business?
you have people ready to buy at that price?
Outcomes. Seems to be the buzzword these days.
What does it mean to you and me though?
Bottom-line, there’s really nothing
you should be making a decision on, that you haven’t first asked the
There is no decision you should ever
make without asking the question. … That is, if you want an outcome
that you desire.
There are all kinds of outcomes. Some
are ones you’ll like. Some are ones you’ll wish – after they
happened – that you had avoided. And even those decisions you never
got around to making will have an outcome. Whether you like it …
well that’s another story.
It is the same with your
relationships. It is the same with your business. Like Newton said, in
his third law of motion:
there is an equal and opposite reaction
Cause and Effect.
So the question is, what is the
effect that you most want to cause to happen?
And what is the effect your current actions are likely to achieve?
If you’ve been doing what you do
and getting the results you get - and if you’d like to to get
results that are better than you’ve been getting until now – then it
may be time to take a look at those outcomes you want to have happen.
Once you define the outcomes you
want, well then its just a matter of setting the steps into
place to move you from where you are to where you want to be.
Where do you want the business to be:
In one year?
In five years?
Do you want to be still in the
What would you like to be
How will you achieve
Another outcome, another set of steps
Know where you’re
Work out how to get there safely
At some point you will probably
either wish to leave the business or be forced to. Hopefully
it will come about by choice.
With that in mind, what are the
issues that will affect your movement from business owner to your
Will you keep the business in the
Sell the business
Is there anything really, to sell?
How much will you get when you
Who will pay you for it?
All these questions will have an
impact on the outcome you end up with.
The question for you to consider now,
you get the outcome you get –
will you get the outcome you set?
What are the 'What
Ifs' you need to uncover now?
Future - Estate Planning
Future - What Is It?
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