As a business owner are you building something of value, a business that one day will make a material difference to yours and your family’s financial security?
How would you define financial security?
How are you defining success? Is success a financial destination or is it living the life you want and being who you want to be for as long as you can?
It could be argued financial security is a destination but sustaining it is a journey, a tough journey that many do not manage well. I’m sure many of you know of those who once had millions and now have not very much left, we make mistakes, we are taken advantage of, we chase returns we do not need, we lose focus on what our short life is about and before we know it we are ‘old’.
Let’s say you’re 50 years old, in 240 months’ time you will be 70!
Time and tide wait for no man
It can be difficult to know what to focus on. If you’ve not heard of The Four Burners Theory then this is a must read. https://thenaturaledge.com/fourburners/ It’s about life being based around a set of trade offs and suggests an alternative solution to the work-life balance problem.
Many business owners might have an affair with their business over many years, a business to be super proud of and go on to achieve financial security without even exiting their business, yet some of these owners might not consider themselves successful in life.
Why is that?