Many wish that money grew on trees or that they can make money while they sleep. I will leave the first wish up to scientists and the government, but the second is easily attainable. This …
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Do you want to make $100,000 a year? In this post, I will show you how. Often times, when people hear about a “business plan”, they instantly assume someone is talking about a complex preparation package for people seeking to start a new business. However, this is not the only place a business plan is effective. I would suggest that no matter what you do, you should have your own personal business plan written out every single year.
A personal business plan consists of the process of putting your “business” goals on paper, while providing the steps to achieve such goals. Some of you may think that this may sound a lot like standard goal setting, however, there are distinct differences in setting up a business that makes it a very worthwhile task in your own financial planning.
First off, your personal business plan should be related to your business only. This is not to say that you shouldn’t make goals in other aspects of your life, but for this particular plan, it should be solely focused on your personal business efforts. The plan applies to any line of work you may be in. Whether you are a CEO of a Wall Street firm, a pet groomer, or a landscaper, you should begin every new year with a fresh business plan.
Your business plan should break down what it takes to be successful in your line of work and how exactly you are going to accomplish that. Kobe Bryant did not wake up one morning randomly knowing how to shoot a jump shot. It took years of practice and discipline for him to get where he is today. The same goes for any other occupation out there. In most cases, people did not fall in the positions they are currently there by luck. They planned out what it took to get there and how they themselves were going to make that happen.
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