3 Questions to Ask Yourself NOW to Kickstart Your Succession Plan

If you’re like many money management professionals, you know how easy it is to get caught up in the day-to-day business — and put off long-term strategizing around your exit plan.

A well-thought-out plan — supported with consistent action — is the difference between good intentions (or worse, wishful thinking) and actually transitioning successfully into an inspiring next chapter.

So, what do you need to know to kickstart your succession planning today?

Clarity around your goals is the key to success

Developing clarity about your own transition and retirement goals is the key to a successful exit strategy.

One of my favorite quotes from Seneca illustrates this idea nicely:

“Our plans miscarry because they have no aim. When a man does not know what harbor he is making for, no wind is the right wind.”

By starting with yourself and gaining clarity around your goals, you can develop an ideal vision for your plan. Not only will this help you envision your legacy, it will help you work with renewed energy and purpose.

Imagine the ripple effect in all areas of your life!

What Can You Do?

The Number One mistake that money management professionals make is that they don’t take consistent action now to start moving their plan forward. And a vision without consistent action is nothing but wishful thinking!

You can take action right now by asking yourself the following 3 questions:

  1. What can I do right now to create mental space and time to focus on impactful work for the long-term?
  2. What am I prioritizing over my strategic and life planning?
  3. How might my loved ones, clients, and team be affected by my transition plan — or lack thereof?

Take a few moments to answer these questions and identify some simple actions to take now. This might include making strategic calls, research, or sketching out what your exit might look like.

Stay clear with yourself about what needs to be done to achieve your goals. Once you see the path ahead you will be able to confidently point your boat in the right direction from the start.

If you’re interested in having more support in prioritizing your next chapter, I look forward to hearing from you.

Let’s connect!