Life transitions are not always things we can predict or plan for ahead of time. These transitions are knocking at, sometimes pounding on, your door when you don’t see them coming. You get the pink slip and you’re out of the office within a month. You lose a spouse and now you have to find your way through life on your own. Your child gets in trouble with the law and you have to tread water in the legal maze and collect resources to pay for the legal expenses.
While you’re finding your way through these transitions, you see opportunities you want to explore. You may take the pink slip as an opportunity to explore entrepreneurship. You may use your free time as a widow to travel around the world. You may turn the lessons you have learned from your child’s legal battles into a worthwhile cause.
Whatever the outcome of the life transition may be, you’re embarking on an adventure that requires careful planning. Each of those adventures is an investment of time, energy, money and commitment. You would serve yourself well if you sit down with a financial advisor, a business coach, and a life coach to map out a business plan.
1. A business plan enables you to articulate your goals.
2. It provides a map for managing your resources.
3. It guards you from unwise spending at a time when you might experience powerful emotions because of those life changes.
4. It gives you hope because you have a sense of direction.
5. It points you to the future instead of holding you hostage to the past.
What has been your experience with managing your resources when you were going through life transitions? What steps might you take to begin your business plan?
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