Though not much of a business plan writer, I recently realized the importance of having a plan for what you want to achieve in your entrepreneurship journey. While it’s true that we cannot predict what will happen tomorrow, that doesn’t mean we can use it as an excuse not to chart the path of where the enterprise will be 10 years down the road.
And while I was fantasizing about where to bring the company, I begin to think along the line of life goals and business goals. I believe we should always put the life goals before the business goals. Not that business goals are less important, but if your business goals are not supporting what you want to with your life, what’s the point then?
To create a valuable business, at least in monetary terms, it could easily take anywhere between 5 to 10 years. And if I am to live to 60 years old, that would be about 8% of my life allocated into this pursuit. My grandpa lived to a ripe age of 98 years old though. So, it becomes pretty obvious that there should be some correlation between what you want to with your life as well as your business.
If one of my goals is to travel the world, it would make sense that my business would allow me to do that at least once every year. It could be a business trip or just a simple getaway, but if my business cannot allow me to even take a few days off, perhaps I am building a business that my life will hate.
I am going to put off my business goals for now while I work on the check list for my life.