FINANCIAL FOCUS Three Key Steps continued from page 35 Beginning of year = A great time to take inventory STEP 1 Audit—Get an End of Year Check Up The beginning of the year is a great time to take full inventory of your financial strategies and access where you are today. If all you do is get an audit and a confirmation that everything you’re doing is perfect, that is a pretty good feeling. We do that every day for our clients and we let them know they’re doing a good job. This action creates value in itself. However, the majority of the time we find areas that need improvement and action steps need to be created. You need to deliberately look at where are you at today, and it is important to lay it all out on the table. STEP 2 Prioritize Your Gaps and Weaknesses The second step is uncovering problem areas in your plan, and developing a priority list of three or four areas for improvement. This is the time to review creative ideas that haven’t been considered. STEP 3 Create an Action Plan You need an action plan to knock down one or two of those items on your priority list. Is it realistic you’ll get through your entire list? Not always, but getting started is important while keeping your timeline goal in mind. The key is to make a commitment and start moving forward. Shawn O’Higley is the managing partner of The Partners Group Private Client Services. He can be contacted at shawn@tpgrp.com or (503) 726-5686. For more information, visit www.tpgrp.com. 36 Medicine in Oregon www.TheOMA.org
OMA Medicine in OR Winter 2015 2016
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