Take Stock

Year-end summary; strategic plan; year in reviewAs a coach of entrepreneurs and small business owners, I’ve encouraged my clients to create a “Letter to Stakeholders” that concisely summarizes each year. The letter consists of three short paragraphs: highlights of accomplishments; comments on the disappointments or shortfalls; and a statement of the most important objectives for the upcoming year. More recently, I’ve broadened my recommendation to include additional lenses through which to view the past twelve months. 

One such lens is Personal Accomplishments, a list of personal milestones that don’t directly apply to your role leading your business. This is normally a short list – sometimes a single item. But that single item can be significant. 

Examples range from guitar lessons to starting a vegetable garden; from taking up cycling to becoming treasurer for your place of worship; from coaching your child’s little squirts team to learning to prepare Swedish meatballs. 

As with your Letter to Stakeholders, it’s worth taking the time to write down your personal accomplishment(s) and ponder them. It will not take you long to record them, and only a little longer to also record why each accomplishment is important.

The audience for whom you are writing is…you. The thinking that goes into your list creation will inspire your ongoing personal growth.

I’m still passionate about the value of your Letter to Stakeholders, but the Personal Accomplishments list can be just as powerful for a workaholic like you. It provides a reminder that you are more than your business. 

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One response to “Take Stock

  1. Neeshard Ahamad

    Doug,
    What an innovative idea. Thanks!

    Neeshard

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