First let us think of our self as a Chief Executive Officer of our life and use the time-tested management principles that the person who is leading uses in corporate world. This can have far reaching impact on our life to take us from current performance to another level! It could be in the area of health, lifestyle, relationships and family financial goals.
- Long term focus consistent with our purpose/vision on where we want to be 10 years from now. Think you are in 2030 and looking back how happy and satisfied you are with your achievements. Can we make it the best decade of our life?
- Have a strategy on how to go about it by having a helicopter view. Also, at the same time break these goals into yearly goals to stay on target even in short period of one year or a quarter.
- Planning and Execution with right resources is key determinant of success. We can hire people to delegate tasks like personal assistant, cooking, driving to engage us in more meaningful activities.
- Have a clear roles and responsibilities to handle finances, engage and collaborate with all members of the family. There is lot of importance of relationship management and skill development to remain relevant for future growth.
- Like in a company, have clearly written family values and follow a specific democratic system for key decision making. Even having fixed mealtime and rituals help with the bonding. This sets family culture.
- A year end review of progress with all family members against the set goals is similar to annual general meeting of the company shareholders. Have clarity on what is achieved vs the plan for that year and hold self and other accountable for results.
It is obvious that there are proven management and leadership practices that the we can follow as CEO. This can materially change the outcome by improving our current performance to reach ultimate freedom that we want to achieve in our life!