6 Indications You Are Financially Productive

These six indications will show your real financial self.

Between life’s highs and lows, sleepless nights, and insecurity, there is no doubt leadership, or even entrepreneurship, is not suited for all. Missions such as rebranding, starting a new direction, or even a new venture, is not for the weak-minded, nor is it for complainers.

As the leader of an organization trying to improve, stress and doubt come into play often. However, you may be more successful than you previously thought. We have all been there, and we have learned to gauge improvement in a different way than most.

If you are in the process of launching a new project, or steering your organization in a new direction, it is likely you are in a better position than you realize. Here the indications why:

The journey is fun!

Leading, and/or owning, a successful business is a wonderful feeling, but it does not include everything. Everyone should create goals towards financial security, but it is also crucial to relish in the experience. Everyone learns this lesson the hard way unfortunately. Folks will spend years of their leadership or entrepreneurship telling themselves they cannot afford time away for a simple vacation. Sometimes, too little too late they discover this is untrue. Unplugging and unwinding can create a light-bulb moment for most. We all can experience a life filled with joy while progressing the effort of an organization, and so can you. If you are taking the time to live in, and absorb, life’s special moments, then, you are one step ahead of the game.

You have prepared for a rainy day.

Studies show the majority of American families have saved less than $1,000 for emergencies. This low amount goes to show how unprepared we are for life’s challenges. Based on this knowledge, a business leader, or C Level executive, that creates an emergency savings fund is in good shape, certainly better suited than most.If you have set up emergency funds personally or professionally, you are in a good shape to overcome any financial problems you might face.

Your net worth is increasing.

While your budget has been approved, cash balance, and accounts receivables and payables all determine what your business is worth, you should also be keen and mindful of your own net worth. This can be simply figured by subtracting your liabilities from your assets. Your net worth is important as a benchmark because over time it measures your wealth though taking your debts into account. Some organizational leaders, or business owners, forget to recognize that equity in a business grows as it market share and customer base increases, so be sure to realize the value of your organization or business and its assets as well.

Your business plan is solid.

in today’s competitive marketplace, you must have a business plan, and follow it, to succeed. However, you also need time, energy, and resources to get your effort off the ground. Personally, when I began new business ventures, I created thorough business plans but still doubted whether or not the industry would embrace them. Thankfully, this doubt faded when enough time passed for my focused business plans to work. If you put faith into your business plan, be sure to give your plan time to run its course.

Your personal life is on the right path.

The pursuit to financial freedom is important, but not if it ruins your relationships. What? You do not believe me? Ask Tiger Woods. How must he have felt to be the pinnacle of success, to then lose his self-respect and family structure. It happens often. It is easy to get caught up and place your focus on career first and not place your attention on personal relationships. Creating commitments such as no less than one date night per week can make a huge difference. Cultivate your relationships as you grow your organization’s success. Otherwise, you may go through life filled with regret.

You maintain optimism.

At all times keep your head up. During the 2008 - 2009 economic crisis, it was incredibly challenging to increase my book of business. Those times were dreadful, but I knew I did not have control of the stock market falling. Luckily, I was able to switch my mindset and focus on the positive things during that time. I had an amazing opportunity to build a business, all the while embracing newfound flexibility – something I had never experienced before during my professional career. If I wanted to exercise at lunchtime, I did it. Grocery shop at 10:00 am? Yes please! Focusing and embracing the positives can work out in your favor.

Thus, always keep your head held high and maintain a sunny disposition. Believe me – you will need it!