As a business person it's your job to make sure that you align your business goals with your personal goals. That means before you can start thinking about what you want out of your business, you first have to decide what you want out of yourself and then build your business goals after that.
By making the decision that YOU come first and that your business goals are simply an offspring from what you want, you will ensure that your work is something that fulfills one or more of your personal goals.
The Five F's are the five most important things to people when they're nearing the end of their lives. This theory was first discovered James Hansberger after decades of speaking to people about their personal goals as a wealth advisor.
Below are the 5 Fs listed in order of importance.
The 5 F's are:
If you fail to properly align your business and life goals, then you put yourself at risk of feeling unfulfilled even when you make huge achievements in business. Oftentimes business owners will reach major milestones in their career, but find that they haven't made a real impact on the world.
By thinking first about the 5 Fs before you start to plan your business goals, you pave the way for a more meaningful life rather than chasing monetary goals that will leave you feeling empty ever after they're attained.
When thinking about your goals for the 5 F's, think both short and long term. What would you like to start doing immediately or within 90 days that you'd like to turn into a lifelong habit? Perhaps you want to commit to taking off Friday nights no matter what. Perhaps you want to start adding a morning yoga and meditation routine to your day.
Also think about the long term. What would you like to change in the next 12 months, 5 years, and what aspirations might you want to realize in the next 10-25 years?
Remember that giving to others is the key to long term happiness. If you're not religious, think of your faith goal as a personal spirituality goal. You don't have to believe in a deity to be spiritual. You can have moments of spirituality by donating your time and money to others. Perhaps your financial and spiritual goals are linked by setting a target to start a non-profit organization within the next 25 years.
Once you have figured out what your 90 days, 12 months, 5 years, and 10-25 year aspirations are, you will be able to better align your business goals with personal achievements that will truly make you happy.