Establish Goals and Objectives
Begin with the end in mind:
What is your definition of success?
Where do you see yourself in the next 5, 10, 20 years?
What is the vision you have for your firm and yourself?
What are you ultimately looking to accomplish?
Grow assets, revenues, profitability?
Bigger footprint?
Establish a legacy?
Add capacity?
Add new products and services?
Grow into new markets?
Or are you looking for :
Retirement plan?
Exit strategy?
Search for a successor?
Ensure the continuity of your business for your staff and clients?
Develop your employees?
Wind down the business?
Protection for you, your family and your business in case of death or disability?
The answers to these questions will provide a good understanding of where you will need to focus.
