Brian Tracy argues that strategic planning is essential for financial success. He emphasizes personal responsibility and increasing your return on energy by maximizing mental, emotional, and human capital. Wealth comes from creating a clear plan and sticking to it.
Strategic planning is an essential part of the success formula. Your ability to create a clear and organized strategic plan will largely contribute to your success and wealth. In fact, it's virtually impossible to succeed greatly unless you have a clear idea of where you're going and how to get there. So here are three key factors to remember when devising a strategic plan. Number one is you are in business for yourself. This means that everything that is ever going to happen to your personal success corporation, your personal business, is up to you. No one else can be expected to do it for you. Now here is a perverse law. The more that you accept that you are responsible for doing whatever it is, the more others will line up to help you. So therefore you say these words. If it's to be, it's up to me. Your aim in strategic planning is to increase your return on energy. We call this roe. The purpose of strategic planning in business is to increase return on equity return on capital working in the organization. But your capital is mental, emotional and human. Your job is to get the most out of your mental, emotional and intellectual capital. Your job is to get the highest return on energy. My friend Ken Blanchard says, you want to get the highest return on the amount of your life invested in your work. Three successful individuals also have good personal strategic plans. Because a good strategic plan assures that you will get the highest return on the amount of energy that you invest in anything you do. Remember, some people work 20 or 30 or 40 years and end up poor. Some people work the same number of years and in the same business and often at pretty much the same salary, and they end up wealthy. Creating and implementing a strategic plan is essential to your success in business. The people who become wealthy have a plan and they stick to that plan. As they say, the key to success is to plan your work and work your plan. If you enjoy this information and would like to receive six additional free videos on the top questions people ask me about personal and financial success and achievement, visit www.briantracy.com successmastery. That's www.briantracy dot com successmastery and we'll set you up with six free videos.
