The Three Steps to Developing an Effective Personal Development Plan

The Three Steps to Developing an Effective Personal Development Plan

The Three Steps to Developing an Effective Personal Development Plan

Author: Ron Subs
Posted: 7/13/10

Effective personal development is the key to finding true self-reliance and control. From communicating with others at work, dealing with situations at home, and even mastering money, personal development is the greatest way to achieve satisfaction in your life. Regardless of your specific goal, whether it be seeking higher education or simply how to better mange your expenses for a brighter future, your personal development plan will help you discover exactly who you are in life and what you want out of your life. Discovering one’s true self and learning how to use your natural talents and personal drives to accomplish your goal is a key component of any personal development plan.

***

The first step to personal development is accountability. You must first be held responsible for all your actions or inactions. You must step up and finally admit what it is that is holding you back from developing into the person you want to become. For those seeking better money management, admit your splurges, learn how to control or if possible, eliminate some of them altogether, and then you can accomplish a greater sense of satisfaction at the end of the month, instead of spending time on the phone, making arrangements with creditors because you’ve overspent your budget. Accountability is one of the toughest steps to an effective personal development plan. It requires that you be very honest with who you are and what you have been over the past years. It may be hard to thoroughly examine yourself in the necessary way, but once you have decided on your course of action, you will find it easier to address your situation and make the needed changes.

The second step to effective personal development is establishing a list of goals. You must figure out exactly where you want to be in life and when exactly do you plan to have it accomplished. The goal setting is the easiest part of personal development. It helps define what you want, where you will get it from, and when you plan to have it. You will already have found that you have created an introductory set of goals when you first started on your personal development strategy. Here is where you will go over your personal goals, eliminate the ones that will not help you meet your end goal, and keep the ones that will help you discover true personal satisfaction. After you have your goals, figure out which ones are short-term goals, or one to five year goals, and which are long term, five to ten year goals. This will aid in the creation of the specific patterns and habits you will have to alter to meet your goals.

The third step to personal development is choosing your course of action. This is the part where you actually strive to obtain your goals. This is the most difficult part of personal development. To satisfy your short-term goals, develop personal habits. For a financial goal , develop a savings pattern. For other goals, like perhaps trying to curse less or attend church more, develop habits that will aid in this goal. Develop a reward and punishment system for each goal. For long term goals, the approach is similar. Develop personal habits and patterns that will aid in the satisfaction of these goals as well. Most importantly, though, be patient and understand success will not come overnight and it will take time, practice, and dedication before you find yourself exactly where you plan to be.

Although personal development is one of the most sought after development plans, it is very stressful. Lifestyles and personal habits will need to be changed or eliminated. However in the end, you will find the greatest satisfaction in knowing you yourself, have accomplished exactly what you set out to do. That is a tremendous feeling and one well worth the effort.

 

We hope you found this article about “The Three Steps to Developing an Effective Personal Development Plan” helpful.  If you have questions or need expert tax or family office advice that’s refreshingly objective (we never sell investments), please contact us or visit our Family office page  or our website at www.GROCO.com.  Unfortunately, we no longer give advice to other tax professionals gratis.

To receive our free newsletter, contact us here.

Subscribe to our YouTube Channel for more updates.

Alan Olsen, CPA

Alan Olsen, is the Host of the American Dreams Show and the Managing Partner of GROCO.com.  GROCO is a premier family office and tax advisory firm located in the San Francisco Bay area serving clients all over the world.

Alan L. Olsen, CPA, Wikipedia Bio

 

 

GROCO.com is a proud sponsor of The American Dreams Show.

 

American-Dreams-Show-Accounting-firm-in-ca-cpa-tax-advisors-groco-alan-olsen

The American Dreams show was the brainchild of Alan Olsen, CPA, MBA. It was originally created to fill a specific need; often inexperienced entrepreneurs lacked basic information about raising capital and how to successfully start a business.

Alan sincerely wanted to respond to the many requests from aspiring entrepreneurs asking for the information and introductions they needed. But he had to find a way to help in which his venture capital clients and friends would not mind.

The American Dreams show became the solution, first as a radio show and now with YouTube videos as well. Always respectful of interview guest’s time, he’s able to give access to individuals information and inspiration previously inaccessible to the first-time entrepreneurs who need it most.

They can listen to venture capitalists and successful business people explain first-hand, how they got to where they are, how to start a company, how to overcome challenges, how they see the future evolving, opportunities, work-life balance and so much more..

American Dreams discusses many topics from some of the world’s most successful individuals about their secrets to life’s success. Topics from guest have included:

Creating purpose in life / Building a foundation for their life / Solving problems / Finding fulfillment through philanthropy and service / Becoming self-reliant / Enhancing effective leadership / Balancing family and work…

Untitled_Artwork copy 4

MyPaths.com (Also sponsored by GROCO) provides free access to content and world-class entrepreneurs, influencers and thought leaders’ personal success stories. To help you find your path in life to true, sustainable success & happiness.  It’s mission statement:

In an increasingly complex and difficult world, we hope to help you find your personal path in life and build a strong foundation by learning how others found success and happiness. True and sustainable success and happiness are different for each one of us but possible, often despite significant challenges.

Our mission at MyPaths.com is to provide resources and firsthand accounts of how others found their paths in life, so you can do the same.

Posted in

ESOP Valuation Issues

ESOP Valuation Issues Q&A (Employee Stock Ownership Plan) Valuation Services Valuation Process Valuation Experience Sample Report Glossary of Terms ESOPs have become an effective tool in corporate finance and tax planning. Not only do they provide retirement benefits and incentives to employees but an ESOP can provide unique ways to transition company management in tax…

employee

Employee Ownership Update

Employee Ownership The following article appeared in the New York Times on May 21, 2006 and is one of the best articles about employee ownership that I have seen. It illustrates a few great examples of how employee ownership has helped companies achieve extraordinary success. These Workers Act Like Owners (Because They Are) By William…

FAMILY LIMITED

Family Limited

This FLP Alert is directed at clients and their advisors who have already established Family Limited Partnership irs (“FLP’s”) and those clients who are considering a partnership as part of their estate plan. With all the attacks the IRS has made on FLP’s over the past few years, culminating at the Strangi III decision in…

The True Value of Your Company May Be Different From What You Think

The True Value of Your Company May Be Different From What You Think

The True Value of Your Company May Be Different From What You Think Approaches to Value Intangible Assets Posted: 3/31/11 I’ve received a lot of inquires asking how to value a company that has yet to generate any revenue, has not reached profitability, and yet, it has a substantial history of expenses. Most are start-up…