What are your long term financial goals?
Updated: Oct 11, 2020
If you operate a business, it's important you work out your what your long term financial goals are. This in turn will help you understand what you need to do to achieve them.
How much money do you want to have? How much of wage do I need to live off? Do I want to be filthy rich or am I happy paying the mortgage, going on an annual holiday and paying for my children's schooling?
Having in mind exactly where you want to be financially five years from now, will help you achieve it.
If you haven't written it down or worked out what you want your financial position to be like, then how can you put in place the steps to achieve it?
Start from the top and work your way back
By working out your long term goals, you can then work your way back to the present time and put in place actions and targets to meet them in the future.
Need help? Sadhana Consulting can help you set a long term financial strategy for your business through their Financial Health Check offer. Contact Us now for a free 30 minute consultation to find out more.