Monday, April 12, 2010

The Closed Circle and the Business Owner part 2

The Closed Circle for business owners works very similar to a Closed Circle for Individuals. You should still use the same steps as you did to create your personal Closed Circle. However, the main difference is that you have to do a lot more forecasting as your business will grow.

Closed Circle for business owners must also be reviewed regularly and changed as the business goes through growth and changes.

Also, since we get paid personally from our business, we must factor that into the Closed Circle. We know how much we need for our personal Closed Circle. Therefore, we should budget the amount we will pay ourselves in the obligations section of your business’ Closed Circle.

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