Yesterday was National Bucket List Day; a reminder that it’s never too late to set new goals, go on a dream vacation, and inspire people around you to enjoy life to the fullest.
By definition, a bucket list is:
“A number of experiences or achievements that a person hopes to have or accomplish during their lifetime”.
One thing we CANNOT buy is Time…
And very few of us pause to think about how we spend what time we have (and how we’d ideally want to spend that time).
This is why everything we do for all of our clients, regardless of what stage their business is at, starts with understanding what they want, and what they’re prepared to do, to get it.
And this starts with defining your T.E.R.M.S:
T – Time
How much time are you going to invest in running your business?
E – Enjoyment
Business is tough enough, and there’ll always be elements we prefer doing over others, but if you’re no longer enjoying the journey, then you need to look at why this is.
R – Resources
What personal and business resource (outside of Money) are you prepared to commit to running your business?
M – Money
Do you really know how much you need to survive? To break-even? To reach your personal goals?
S – Sanity
What are you prepared to do to make it work? How much fight do you have in the game?
Once you have this, you can then create your Life Plan (your big bucket list) and then Manage your Time to achieve this.
BTW, your bucket list isn’t just a list of holiday destinations – it can be anything from hobbies, to family, to a new car, through to exiting your time to purse X, Y, Z… So, think about them as goals or milestones.
Whatever you call them, the sooner you start this, the sooner you’ll have a business on your T.E.R.M.S and one that runs whether you turn up or not.
How would that feel?
Investor | Business Mentor at Advocate | Author of I don’t work Fridays