The Power of Purpose

In Drive: The Surprising Truth About What Motivates Us, bestselling author Daniel Pink presents some of the most compelling and useful research in the field of in human motivation.  One section, “The Good Life,” is particularly enlightening in regard to how we as individuals establish and pursue our life goals. Pink makes the point, and science confirms, “Satisfaction depends not merely on having goals, but on having the right goals.”

One of the studies that Pink cites asked a sample of soon-to-graduate college students about their life goals and then followed them early in their careers to assess their progress and well-being. The students’ goals were categorized as either “extrinsic aspirations” or “intrinsic aspirations.”  Becoming wealthy or achieving fame are examples of extrinsic motivators and labeled “profit goals.”  In contrast, learning, growing, and helping others are examples of intrinsic motivators and labeled “purpose goals.” (more…)

Taking Time Off to Recharge Your Career

recharge-your-careerAfter 20 to 30 years in the workforce, many individuals feel emotionally and physically drained. They worry because they know their enthusiasm and creativity are waning. Most yearn for a change. Since work is no longer fulfilling, these workers automatically think an “early retirement” will be their escape route to a more satisfying life. In actuality, most of these individuals wouldn’t choose an early retirement if they had a chance to take time off from work to rest, reflect, and rejuvenate. (more…)

Business Succession Issues: Understanding Buy-Sell Agreements

business-succession-planningRunning into financial troubles isn’t the only reason that some closely held businesses fail to succeed. Their untimely demise may result from the lack of a formal plan providing for the orderly succession of management and ownership of the business. Such a plan frequently incorporates a buy-sell agreement as the tool for ensuring that the business will continue even after the departure, death, or disability of an owner.

To head off future problems, it pays to understand the uses and structures of these agreements. Although they can be adopted at any time, it is best to decide whether to put a buy-sell agreement in place as early as possible in the life of a business. (more…)

Responding To & Initiating Change

resilience-signLife is a continuum—an accumulation of experiences that makes us who we are and influences how we view ourselves and the world around us. As we review these experiences, we realize that our lives have been permeated with change.

As ironic as it may seem, change is really the only constant in our lives. Therefore, how we respond to and initiate change can have everything to do with how well we manage our lives and the successes we experience. Virginia Satir wrote: “Life is not the way it’s supposed to be. It’s the way it is. The way you cope with it is what makes the difference.”

William Bridges, author and preeminent authority on change and managing change, defines transition as the psychological process people go through to come to terms with a new situation. Therefore, overcoming challenges and taking advantage of opportunities are key elements of making successful transitions throughout life’s journey. (more…)

Navigating Change

nav-changeLife is a continuum—an accumulation of experiences that make us who we are and influences how we view ourselves and the world around us. As we review these experiences, we realize that our lives have been permeated with change. As ironic as it may seem, change is the only constant in our lives.

Therefore, how we respond to and initiate change can have everything to do with how well we manage our lives and the successes we experience. Virginia Satir wrote:

Life is not the way it’s supposed to be. It is the way it is.
The way you cope with it is what makes the difference.

We can’t stop change, but we can often do a better job of anticipating and preparing for change. How we respond to change will have a profound effect on the decisions we make, the opportunities we seek, and the quality of life we experience. So too will our willingness to initiate change improve our own lives and the lives of others. (more…)

Defining Your Legacy of Values

valuesHow do middle-age and older adults currently define “leaving a legacy”? This was the central question of a recent study that examined the attitudes, hopes, and concerns of baby boomers and their elders (Allianz American Legacies Pulse Survey, 2012).

A key finding was that these two generations view legacies as being much more than wealth. In fact, the transfer of wealth is now seen as just one of four components that comprise a successful legacy plan: (more…)