The power of planning

Feb 2017

BY Ola Adeosun, Wealth Planner LGT Vestra

Andrew Carnegie, one of the most distinguished entrepreneurs in modern history, famously said, “If you want to be happy, set a goal that commands your thoughts, liberates your energy, and inspires your hopes”. The journey of a successful entrepreneur often starts down a lonely path with an idea, a desire to make things better, or simply a moment of inspiration.

At one point or another in our lives many of us have that ingenious thought, we visualise our success as we dare to dream. Then come the difficult questions...If achieving your objectives will make you happy, what sacrifices will you have to make? What risks are you willing to take? Are you prepared to put in the necessary hard work to see your goals come to fruition? It should come as no surprise that some never get beyond this point.

However, for those that do, what initially starts as an idea can very quickly become a passion. It is an all too consuming drive which compels one to put a plan of action in place and become a force for change. Having that plan is essential as it creates a sense of purpose and provides the courage to keep moving forward. It helps the entrepreneur to know where they are in their journey, it prepares them for expected challenges, and it empowers them to overcome set-backs along the way.

The ability to create something out of nothing may well be man-kind's greatest invention. It enables the impossible to become possible with talent, dedication, a measure of good luck, and yes, a strategic plan.

To finish off in the words of Benjamin Franklin, “if you fail to plan, you plan to fail”.