Setting Goals for the New Year

As you think about the New Year, resolutions and new goals, here's a template to help you be more clear, concise and thorough with your goal-setting and your goal-getting (no sense in setting them if you can't "get them", right?!!).

Start with the eight primary areas of your life and answer the corresponding questions from each area, and then add your own questions to formulate your goals.

Remember to make your goals SMART: Specific, Measurable, Attainable, Realistic, and Time-Oriented.

Here are the eight primary areas of your life to start with:

SOCIAL NETWORK AND FRIENDS

• How are your friendships?
• How is your support network?
• How do you feel about your interpersonal skills?

FAMILY AND YOUR INNER CIRCLE

• How are your relationships with your parents, siblings, children, spouse and extended family?  
• How is your "chosen" family; your inner circle?

VOCATIONAL, WORK AND VOLUNTEER INVOLVEMENT

• How satisfied are you with your current career?
• What would you rather be doing?
• What type of work has brought you the most satisfaction in the past?
• What do you do to "give back"?

PHYSICAL AND HEALTH

• How are your eating habits?
• How is your regular exercise program?
• How are your sleeping patterns?
• How is your weight? 
• How often do you see your medical professionals?

RECREATIONAL, HOBBIES AND VACATIONS

• What do you do in your leisure time?
• How do you relax and have fun?
• What creative outlets do you have?

FINANCIAL AND CASH FLOW

• What is your debt level?
• What are you doing to plan for the future?
• How do you want your financial future to be different?

SPIRITUAL AND PERSONAL GROWTH

• How is your spirituality?
• How do you release your emotions?
• What do you do with emotional overload?
• What do you engage in (books, audios, workshops, etc.) to promote your personal growth?

RELATIONAL, ROMANCE AND SIGNIFICANT OTHER

• How is your love life?
• What do you do to keep the passion alive?
• How well do you communicate about the more difficult issues?
• How are your conflict resolution skills?
• If you're single, how is the dating going?
• What do you want to be different here?

Then go a bit deeper into the core of your life (I dare you!!) and answer the following:

LIFE PURPOSE AND VISION

• Do you know what your life purpose is?
• Have you written your life purpose?
• Do you say it aloud daily?
• Do you have a vision for your life?
• Have you written your vision and/or created a vision map?
• Do you review your vision on a regular basis?

Now you may ask, why go to all this effort?

First of all, as the old saying goes, "No one plans to fail; people just fail to plan."

And second, if you don't have a personalized guidance system, some rules, some guidelines or some kind of tailored compass, you're bound to get lost, feel confused and have an overall unproductive experience.

Create a plan for this New Year, and for your life, and you're much more likely to achieve and experience everything you desire, and you're much more likely to be happy, healthy, wealthy and very, very wise!

How To Adjust With The Retired Life

During working days how much busy you are. Getting up early and start preparations to arrive at your work place at correct time. Some times you won't even get time to read the news paper properly. You will be always complaining that you are not getting enough time to spend few hours with your family to relax your self.

But remember that these are the most active and productive years of your life. You are always enjoying it even though you are often complaining about this busy life. When you come to your retired life you will take some time to realize or adjust with the reality. This transition will be sometimes painful for you. But some measures can make you adjust easily with the new life.

First realize that the working years have to end after some time and in old age you need the proper rest and care. You have to change the structure of your life a little bit.

You can keep some your daily routines while you retire also. Keep checking your mails and continue your contacts trough the social net working sites. Be an active personality first.

To add further structure to your retired life plan each day carefully. Divide the time into year, month, day and hour then find some specialties. First decide what all goals you want to achieve immediately after your retirement then start working to make the life a success.

Are you found of traveling? Then plan some weekend or monthly trips to some nice places which you like to visit. Other wise go for a year travel to tour all over the world. But consider your health condition and family needs before planning such a long trip.

If you are planning to involve in some business then make a through study then find a business according to your interest. But be always careful that these types of investments are really a risk because you are investing your whole life hard earned money. If you are making a right decision then you can earn a good deal of money out of it. You can also go for stock exchange business to earn without much effort. It needs only your skill and knowledge about this field.

One more thing to be taken care off is about the nature of the work you are choosing. In what ever you want to engage you can but should is a very light activity which you can afford. Better choose new ways and make your retired life to be innovative. Don't involve in some works which will be much worrying and risky.

Success is not only a word to be applied in your working years and youthful days. Your retired life and this transition can be a useful phase of your life. It is a reality and facing it bravely is the correct path. For this what you have to do is to plan well and structure your life accordingly. You can find more information and retired plans by searching in net, it will be much useful for you.

More information about retirement planning, visit our website nasrullah233@gmail.com.

The Role of Leadership in Sales and Operations Planning - Integrated Business Planning

What is the difference between a Sales and Operations Planning (S&OP) process that makes a modest difference in a company's operational and financial performance and an S&OP process that, year after year, enables a company to achieve its operational, business, and strategic goals?

You don't have to look beyond the senior leadership team for the answer.

Sales and Operations Planning (also known as Integrated Business Planning) is an executive management process for running the business. The focus of S&OP in the 1980s and 1990s (and still today for some companies) was a management process for aligning demand and supply at the aggregate level.

Today, Sales and Operations Planning has evolved into Integrated Business Planning where all company plans - product, demand, supply, strategic initiatives and resulting financials - are synchronized and aligned at the aggregate level each month. IBP has also evolved into a process for identifying gaps between future projections and the company's business and strategic objectives - providing direction and making decisions on how to most effectively close those gaps.

With Integrated Business Planning, the senior leadership team has a process where every month they understand not only performance to date, but also the future state of the business over at least a 24-month, rolling, planning horizon. They also have a process for ensuring that the appropriate actions and activities are undertaken to achieve the company's business and strategic objectives. The enterprise performance management element of Integrated Business Planning provides the platform for monitoring execution of the company's operational and business strategies and goals.

The above simply cannot happen without senior leadership involvement in the process. Involvement means just that - active, high-profile involvement, and not just lip service support.

The S&OP/IBP Process

Each step of the Sales and Operations Planning/Integrated Business Planning process (product management review, demand review, supply review, financial appraisal, and management business review) has a senior leadership team owner, and ownership and involvement is not delegated. The management business review is the president/CEO/COO's meeting, and the participants are the senior leadership team representing product management, sales and marketing, supply management, strategy and finance. Additionally, key functional support leaders of quality, human resources, public relations etc. are represented.

With the senior leadership team's active involvement in S&OP/IBP, the leadership culture changes. Instead of thinking in terms of what is best from a functional perspective, the leadership team provides direction and makes decisions based on what is best for the company overall. What evolves is the development of common agendas and goals.

When Sales and Operations Planning/Integrated Business Planning is first implemented, a leadership culture that emphasizes teamwork in working toward common goals and agendas typically does not exist. That is because trust, openness, and honesty often have not yet been established.

With strong chief executive leadership in the S&OP/IBP process, trust will evolve. It comes from focusing on the business issues and opportunities, looking forward across the entire 24-month planning horizon while keeping the best interest of the whole company in mind. It comes from the chief executive's well-articulated and frequently reinforced expectation that truth will drive the process, and misbehavior will not be tolerated. Examples of misbehaviors that are destructive to the objectives of the S&OP/IBP process include disguising the truth (hedging and "sandbagging" that is not communicated, for example) and making decisions outside the S&OP process without the leadership team's participation.

Trust and openness also become key organizational values when performance measures focus on the achievement of the strategy and performance improvement. If a functional group is penalized for doing what is best for the company, teamwork dissolves. This can occur, for example, when a commercial group's demand plan is reduced because there is insufficient capacity to fulfill demand, but the commercial group's revenue goal upon which commissions are based is not likewise adjusted.

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Plan a Retirement the Canadian Way

To give us an overall understanding what is a retirement plan well a brief definition of it would be, it is an act of keeping aside a certain portion of your money during your years of earning in order for the said money to accumulate and provide you with your desired amount during your retirement period.

In Canada just like any other place in the world has a special type of retirement planning system in which it is being supplemented and assisted by its government. In order for you to have a comfortable retirement benefits the Canadian Pension Plan and the Old Age Security are the ones who will support you and help you through this.

To those who haven't known yet Canada has its own Registered Education Savings Plan (RESP) or known as a plan that will cater every child's needs for their higher education. From this they have also what they called as the Retirement Education Savings Plan. This is for everybody once they have finished their education. As a whole no matter neither what age you are nor what income level you have there is no limit for you to have an active interest about your retirement planning. Planning ahead of time is your best weapon in the future.

Before having your own retirement plant you should be first knowledgeable enough about the different things that govern their retirement plan or shall we say the governing terms and conditions of their retirement benefits. It is a basic trend or pattern for the Canadian way of planning a retirement to earn or to save a nigger or a much more money from the start in order for you to get a higher output amount in the future. Well this is right but always remember there are also things around us that make us a bit shaky when they arrive. The best example for this is about health issues. Health issues are really a big factor when it comes to retirement planning.

Regrets absolutely comes in the end not unless you are able to read your future, so therefore it is very advisable to take a step now in order for you to have what you wish for in the future. Canadian retirement plan is all about learning the efficient or the effective way how you can maximize your financial strategies. Of course you will have to go along with you tools that will help you as you go along the way.

In Canada issues such as lack of funds in the future for the retirement plans are common but these are all products or outputs of wrong investment. Good investment will absolutely produce a good output. That means putting your trust and your money to the right person at the right time, and then there will be no doubt to harvest fruits of your labors in the end.

Financial retirement is just a simple thing. All you need to do is to understand the philosophy and the concept of the matter then there will be no problem at all. All you need to do is to understand the things that are around you today in order for you to realize them in the future.

The Advantages of Self-Directed Investing

Having a dream of taking the full control of your planned portfolio and becoming really the master of your fate? Well it's time for you to become a "self-directed" investor in the realm of the stock market. Before going through that there are some things that you should need to learn in order for you to become one.

When it comes to topics that will involve ourselves, most people will think of it as an exhibition because of misconceptions and worries that may hinder us from our plans. I think this is the wrong side of most stories because no matter what it is as long as you have the right tools, knowledge and ideas about that certain thing just like being a self-directed investor then there is no reason for you to be a sloppy one. The advantage of being a self-directed investor is your freedom to do things that was based on your own analysis and decisions. This is an unusual thing for us because we seldom find things that are governed by all ourselves alone. As what I've said before managing finances and funds accompanied by good strategies would not show off impossibility for you to produce well results and an almost excellent returns.

Self-directed investment also means that you are taking the full responsibility and control of the decisions that are all over you or shall we say your investments. You have all the authority about choosing the type of investment that you want into your portfolio. This is the contrary of the managed accounts which is directed to you by some financial planners and other professionals. When you don't want to pay a fee unlike the others well self-directed investment is a must have for you.

Self-direct investing has so many advantages. The most obvious thing about it is the wide control that you can have and also for the better potential returns that you can have. This will also enable you to save more since your fees are reduced and capital appreciation and liquidity are at high elevations. Some downside of this decision also may cause you some emotional stress because of the risk of taking them all together at once. If you are a person that has a minimal amount of time, knowledge and discipline then it would be a disadvantage for you if you will pursue this.

Investing on this kind of plan needs a minimal amount of money and it is not true that if you will be involved on this kind of investment you will need a lot of cash to start. You can self-direct as long as you are steady enough about the money that you have. Based on the Canadian laws under the Tax Free Savings Account you can deposit directly an amount of $5.000 dollars each year and turns you in automatically to be a self-directed investor. You may also want to choose to self-direct only a portion of your investment that is if only you have a large sum of money invested. You can self-direct first the smaller portion of your investment and as you go along and as you gain more knowledge then you can convert it all into a full self-directed investment if you like.

The best thing to do at first is to know well and understand well the things that you are into because we are talking here of cash and not some other useless things. So if you think you have all the stuff that you need to pursue this plan then that wouldn't be a problem. Always remember also that no man is an island and always remember that no matter how good you are, you still need others in order to survive.

Planning for Retirement in a Time of Fear

It is change in the world that drive men to excel. Extreme volatility has everyone in the market jumpy and fearful but history seems to indicate that while some were losing their life savings, others made their fortunes. The only thing they did differently was to not be afraid of the change and they actually changed right along with it.

Whenever I have been asked how to begin to learn how to become a trader, I suggested that they start by reading a small book by Dr. Spencer Johnson called "Who Moved My Cheese". I will also suggest this to investors as well. Life is all about change, most of the time we call that change progress but sometimes it is a black cloud momentarily obscuring the view of the sun. The sun never leaves, it's still there, even in those dark times when our vision is obstructed.

When we begin to look around for solutions, we find that they are all around us. New ways to trade in a new market that came about because of unsatisfying changes somewhere else. A new need brings about a new cure. But those cures have been around all the time just waiting for someone to discover them. It's just that no one does until there is a need to do so.

Take for example the new ruling that prohibits Americans from trading with brokers that are outside the U.S. Many give up in defeat and quit trying to invest in profitable ways. Some try to adapt by forcing that square peg into a small round hole. Still others step back and look around. For over 200 years American businessmen have been starting businesses in other countries. McDonald's golden arches are recognized all over the world. Others have begun companies outside of the U.S. and they grew to be international corporations. Those companies most often hold and trade assets, invest and trade in what ever way it is legal and profitable to do so. The laws of the owner's country has no limiting effects on the foreign business because it has to operate under the laws of it's host country.

When it was illegal for Americans to own gold bullion, those that had overseas trust or businesses simply gave their gold to the overseas legal entity and it kept the gold for them. Was that legal? It was the citizen's property to do with what ever he chose until all the gold was confiscated by the government. He could stack it up, melt it down or give it away. Today's new restrictions are not all that much different. It is perfectly legal for Americans to open a business or trust in some other country and let that trust trade with what ever broker that they want it to. It can trade in what ever way it is legal for it to do so in the country where the trust or business is located.

It is also intelligent to hold some of your liquid assets in a legal trust so that if something happens in your home country that makes it undesirable to remain there, you have a head start by having some funds to go to. Doctors, lawyers and others who may be considered wealthy and a target for lawsuits almost always have a trust which is out of the reach of frivolous lawsuits.

So there are solutions to every problem when we begin to look for them. When things seem dark, the world is not ending, it's just raining. To keep from getting soaked, learn from your fathers. When the going got tough, the tough got going, some even to a new life in a new country. Desperation may have started them on their way but it was opportunity that drew them on. We are only defeated when we say we are. OK, it may cost an extra $1700 to start a trust but that is a small price for freedom.

What ever country that you live in, change is on the way. The world is growing smaller and we may need to move toward our opportunity. The best way to learn to become a talented investor is to begin with the book, "Who Moved My Cheese".