Integrating Your Business Plan with Your Life Plan

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If you ask almost anyone about their priorities in life, family and faith usually rank at the top followed by (for some) country and work.  If you then ask them to rank their priorities based on actual time allocation, work will always be at the top with others a very distant second or third. I understand the argument (because I have used it so often myself) "I work hard to provide for my family and so I can eventually spend more time with them".  But let's be clear, any time spent away from your family is not recoverable.  You can't really "make up" for lost time.


When I talk to small business owners about their business plans, invariably our discussion will also cover personal goals.  More often than not, their goals and desires for their business are inconsistent with their personal goals, meaning....while you may succeed at one you are likely to fail at the other.


While far too many small business owners lack a business plan, even those who have a business plan never take the time to integrate their business plan with their Life Plan.  If it's important (and it's very important) to set realistic and attainable goals and quantifiable objectives in your business plan, shouldn't it be equally important to do so for your top priorities in life?


A former boss and mentor once told me that quantifying success is a personal issue NOT a corporate one. Defining success as small business owner/entrepreneur is also a personal issue, so it's critical that you have a business plan and that you take the time to reconcile and integrate it with your Life Plan.


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