Mark Kohler says wealthy people review their plans quarterly and adjust them when circumstances change. He recommends sharing your plan with a board or mastermind group for feedback, and discussing it with your spouse or business partner from the start to stay aligned.
Regularly revisit and adjust the plan and expect to adjust it. Expect to adjust it. Don't feel like you're a failure for adjusting it. In fact, you're being successful adjusting it because it means you're applying yourself. You're engaged in it, you understand the importance of it. You're taking pen to paper quarterly at least, and that process alone should be a win. That's not a fail. I think you need to share it with multiple people in a board setting because I think you're going to get a lot of incredible feedback. Call it a mastermind session, whatever the hell you want to call it. And you're going to share this and work it and table it, pay people to be there, buy them dinner, take them for a retreat somewhere for a day. Matt said something very interesting in there, sharing it with your partner. Obviously, if this is a partnership business plan, you're going to be doing that from the outset, but I think it is understated. How important is you share this plan with your spouse?
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