Planning Summer Holidays is Planning for the Future
In the darkest days of winter, TV adverts show us pictures of sun-filled beaches, clear blue water and deckchairs on the beach. Tempting us to plan for our next summer holiday, six months ahead.
Visiting an unknown country without the expert knowledge and help of a trained Travel Agent, is a scary thought, but this is precisely what most businesses do when they try to plan for their retirement without using an expert business Coach.
Choosing the right place
The first decision to make is the location for your 2 weeks away, so a decision needs to be made between beach, town, or countryside. Without this, the type of accommodation and time of year cannot be decided.
Business planning is the same, and the location you choose for your retirement when you sell the business, will determine the type of property you buy and the amount this will cost
Visiting Thailand is best between November and February so picking a holiday in June or July is a complete waste of money – unless you like rainstorms, so you need the skill and knowledge of the Travel Agent to inform you of this, before you make an expensive mistake.
Business planning is much the same, and a good business Coach will help you to pick the best year and month that will give you the biggest return on your investment.
Choosing the best time
Visiting Thailand is best between November and February so picking a holiday in June or July is a complete waste of money – unless you like rainstorms, so you need the skill and knowledge of the Travel Agent to inform you of this, before you make an expensive mistake.
Business planning is much the same, and a good business Coach will help you to pick the best year and month that will give you the biggest return on your investment.
Planning the right budget
Spending money wherever you are is vital, so if you spend too much of your budget on the Hotel, you won’t have enough left to eat every night. Again, the expert Travel Agent will find out your budget and advise you on what to expect for your money and how much extra to take with you.
Business planning is very similar. Business Coaches have many different recipes for calculating how much is needed in future years and building in exactly the right percentage of increases in specific areas to achieve this.
Did you know that just a 10% increase in 5 key areas will yield a 61% increase in profits?
Loughborough Business Coach, Laurence Duncan says:
“The process involved in planning a 2-week holiday or planning your long-term future in business, are very similar, and while the expert Travel Agent is there to guide every step and answer every question, most business owners are completely on their own and struggling to find time to plan their own retirement. This is how a good Business Coach can help to iron out all the details – just like the Travel Agent.”
