If you don’t have a vision of where you’re going and a plan on how to get there, you’re likely to get swept away by the winds of life. You’ll flop this way and that, not ever really knowing if you’re off course and going in the wrong direction. Suddenly you may realize that you don’t have money for that special family trip and everyone is disappointed. You may have spent your money on frivolous things without calculating the savings necessary to meet your family’s vacation desires. Or one day you notice that your teenager doesn’t talk to you any more, and you don’t know how it happened. You may blame her and think she’s a bad kid—sullen and sneaky. But perhaps you neglected to set in place a plan for staying close and connected to her when she was younger.
Successful organizations have mission statements that remind them of their attitudes, goals and objectives and keep them on track. Effective departments and teams decide first where they want to go before they start the journey. Why not create a business plan for your family that will keep you and your kids united and going in the same direction?
If you don’t consciously think about it, you’re likely to re-create the patterns of your family of origin.
Next: Three reasons to create a family business plan that fits specifically for you and your children