Think of yourself as a business!Just as a successful business develops and executes a business plan, professional business leaders should do the same for themselves.

1. Your Personal Business Plan
Stewart S. Koesten, CEO
KHC Wealth Management Services
Joni Lindquist, President
KHC Executive Coaching
10000 College Blvd., Ste. 260
Overland Park, KS
913.345.1881
www.makinglifecount.com
© 2008 KHC Wealth Management.

2. A business cannot
thrive without a
business plan!
Neither can you!
© 2008 KHC Wealth Management Services

3. YOU = A BUSINESS
© 2008 KHC Wealth Management Services

4. Just like a business, you need a
plan to achieve your goals!
Step 1: Where are you now?
Step 2: What do you want to
achieve? (And when.)
Step 3: How do you get there
from here?
Step 4: How do you get it
done?
Step 5: How well are you
doing?
© 2008 KHC Wealth Management Services

5. Where are you now?
Compile Data About Your Current Assets
Human Capital
Financial Capital
Emotional Capital
© 2008 KHC Wealth Management Services

6. Human Capital:
Education + Experience + Skills
Are you………..
 On the right career ladder?
 Where you’d thought you’d be by now?
 Passionate about your chosen career?
Take the Career Satisfaction IndexTM
© 2008 KHC Wealth Management Services

7. Financial Capital:
Age + Net Income + Net Worth
Do you know……….
 What you earn vs. what you keep?
 What you own vs. what you owe?
 Why you own what you own?
Take Your Investable Net Worth Test
© 2008 KHC Wealth Management Services

8. Emotional Capital:
Attitude + Network + Communication
Do you know……….
 Your level of resiliency and optimism?
 Who shares and supports your interests and passions?
 How to communicate them to others?
© 2008 KHC Wealth Management Services

9. Where are you now?
Complete a Personal SWOT for each ASSET
Human Human Financial Financial
Capital Capital Capital Capital
Strengths Weaknesses Strengths Weaknesses
Human Human Financial Financial
Capital Capital Capital Capital
Opportunities Threats Opportunities Threats
Emotional Emotional
Capital Capital
Strengths Weaknesses
Emotional Emotional
Capital Capital
Opportunities Threats
© 2008 KHC Wealth Management Services

10. Case Study: Bob & Sue’s SWOT
 Couple in their 30’s
 Both with high powered jobs
 Two young children under the age of 5
HC Strengths HC Weaknesses FC Strengths FC Weaknesses
Successful careers Unfulfilling job Substantial income High expenses
HC Opportunities HC Threats FC Opportunities FC Threats
Skills to leverage Narrow experience Rising incomes Loss of job
EC Strengths EC Weaknesses
Strong support Feeling burned out What did their
network SWOT analysis
EC Opportunities EC Threats tell them?
Awareness of Relational strain
problems
© 2008 KHC Wealth Management Services

11. Where are you?
What would your SWOT analysis tell you?
© 2008 KHC Wealth Management Services

12. Step 2: Now, what do you want to
achieve?
Dare to Dream!!
 Life Goals
 Career Goals
 Forget about others’ expectations – what
does your ideal life look like?
© 2008 KHC Wealth Management Services

13. Case Study – Bob & Sue’s goals
 Envisioned a different life style
with more family time
 Both spouses still wanted careers
 But Sue saw that her “accidental” career wasn’t fulfilling
 Dreamed of being a college professor
 Ready, willing to make changes now and had
support of others
© 2008 KHC Wealth Management Services

14. Step 3:How do you get there from
here?
 Analyze the gaps between where you are and
where you want to be……
 On your career path (Human Capital)
 On your wealth management path (Financial Capital)
 And, with the necessary social support to pursue
your passion and dreams (Emotional Capital)
© 2008 KHC Wealth Management Services

15. Resources for planning
Human Capital - Career Path PlanTM personal
development plan
What skills/education/experience do you need?
Financial Capital - Comprehensive Financial Plan
What is important to you about your money?
Emotional Capital – Life planning – Making Life Count!
Develop targets, timelines, budgets, investment goals, and
ensure asset protection
© 2008 KHC Wealth Management Services

16. Case Study – Bob & Sue’s Plan
 Sue was not qualified for her desired profession
 Identified additional education required
 Completed financial scenarios with anticipated
changes in income and spending
© 2008 KHC Wealth Management Services

17. Step 4: How Do You Get it Done?
 Begin Implementation
 Do It Yourself?
 Hire Professionals?
Consider time, expertise, knowledge
© 2008 KHC Wealth Management Services

18. Case Study – Bob & Sue’s
Implementation
 Sue quit job; began education track
 More family time, less stress
 Implemented reduced spending plan
 Relocated to support Sue’s education
 Implemented investment plan with
portfolio of moderate growth
© 2008 KHC Wealth Management Services

19. Step 5:
How well are you doing?
Need periodic reviews and adjustments:
Are you:
* hitting milestones?
* making adjustments as you hit
barriers?
* making adjustments as the world
changes or you change?
* implementing on a timely basis?
© 2008 KHC Wealth Management Services

20. Case Study – How are Bob & Sue
Doing?
 Reviewing and updating their situation quarterly
 Generally hitting key milestones
 Faced hurdles – housing, Bob’s work situation
 Re-adjusted action plans
 Spouses happier, less stressed; children
healthy & happy
© 2008 KHC Wealth Management Services

21. Operate as if You are a Business
Build & Execute Your Personal Business
Plan
1. Evaluate your personal situation
2. Set goals for your life
3. Analyze options and design a plan
4. Implement the plan
5. Monitor and make changes as
needed
Do this annually !!
© 2008 KHC Wealth Management Services

22. Our philosophy…..
‘Making Life Count!’
pursuing your dreams, living your passions and
achieving your goals throughout your lifetime.
Are you Making Life Count! ?
© 2008 KHC Wealth Management Services